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VIC › Maffra › Mcadam St

23 Mcadam St, Maffra VIC 3860

House

$398,000

Last sold

27 Nov 2025

2

Bedrooms

1

Bathrooms

3

Car spaces

893 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $398,000 (27 Nov 2025).(Recorded sale)
  • FactLand 893 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Maffra (last 5 years) with land size: median $522/m² of land (n=126). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 (GRZ1) under the ZN.(Vicmap Planning · 1 Sept 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$398,000

27 Nov 2025 · derived via latest_sale

Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.

Local land rate: recorded House sales in Maffra (last 5 years) with land size have a median of $522/m² of land (n=126). Districts calculation from recorded sales — not a valuation.

Maffra at a glance

5,511

People

$445,000

Median sale

$434/wk

Median rent

5.07%

Suburb gross yield

Median sale from 81 recorded sales (last 12 months) — a Districts calculation.

See the full Maffra report →

Vs Maffra

-10.6%

Median sale

Suburb $445,000

+0.60 pp

Gross yield

Suburb 5.07%

Suburb median $445,000 from 81 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 1

GRZ1

Jurisdiction

Wellington

Wellington, VIC

Planning overlays

  • environmentalNot detected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 123905699

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

2025$383k$398k
  • Sold (recorded)
  1. Sold$398,00027 Nov 2025
  2. Listedprice unknowncompleted5 Nov 2025
  3. Listedprice unknowncompleted5 Nov 2025
  4. Sold$382,50013 June 2025
  5. Listedprice unknowncompleted3 Apr 2025
  6. Listedprice unknowncompleted3 Apr 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 912 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $434/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 912 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    Official parcel about 912 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Maffra in one glance

Maffra at a glance

5,511

People

$445,000

Median sale

$434/wk

Median rent

5.07%

Suburb gross yield

Median sale from 81 recorded sales (last 12 months) — a Districts calculation.

See the full Maffra report →

Keep researching

  • Why Maffra? Read the area thesis →
  • What else is on the market in Maffra →
  • Other records on Mcadam St →

Listing material

Listed by Wellington Real Estate

Your Dream First Home Awaits in Maffra

Located in the peaceful and friendly town of Maffra, this well-maintained brick home offers an excellent opportunity for first-time buyers, downsizers, or savvy investors seeking a property with potential. Situated on a generous 893m² block, the home features two spacious bedrooms and an additional study, making it ideal for those looking for extra living space or a dedicated home office. The layout is well-designed, providing a comfortable and functional environment for everyday living.

For year-round comfort, this home is equipped with reverse cycle air conditioning, a cozy wood heater, and ceiling fans throughout. These features ensure a pleasant atmosphere, whether it's the warmth of winter or the coolness of summer. The bathroom is functional and well-maintained, offering practicality and comfort to meet your everyday needs.

The rear yard is a standout feature of this property, offering a large concrete area perfect for outdoor entertaining. Whether you're hosting family gatherings, enjoying a weekend barbecue, or simply relaxing outdoors, this space offers great versatility for all occasions. A spacious shed with a carport provides ample storage, offering a secure place to store tools, equipment, or shelter your vehicle.

Read the full description

The property also benefits from a low-maintenance yard, giving you plenty of room for gardening, outdoor play, or simply enjoying the outdoors.

This charming home in Maffra is ready for you to move in and make your own. With all the comfort and convenience you need, and a fantastic location that offers both peace and proximity to local amenities, this property presents great value. Whether you're looking for your first home, a place to downsize, or a solid investment, this property has something for everyone. Don't miss out—contact us today to arrange an inspection and see for yourself what makes this home so special!

Listing description written by Kevin Read, Wellington Real Estate — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Living Areas: 1
  • Reverse Cycle Aircon
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.