Heyfield at a glance
2,441
People
$430,000
Median sale
$434/wk
Median rent
5.25%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
VIC › Heyfield › Racecourse Rd
$710,000
Last sold
27 Feb 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
3,330 m²
Land
Districts View
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
Last sold
$710,000
27 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Heyfield (last 5 years) with land size have a median of $406/m² of land (n=70). Districts calculation from recorded sales — not a valuation.
Heyfield at a glance
2,441
People
$430,000
Median sale
$434/wk
Median rent
5.25%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Vs Heyfield
+65.1%
Median sale
Suburb $430,000
-2.07 pp
Gross yield
Suburb 5.25%
Suburb median $430,000 from 29 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
PUBLIC PARK AND RECREATION ZONE
PPRZ
Jurisdiction
Wellington
Wellington, VIC
Data unavailable
Source
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 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.
The official layer maps a flood zone on this parcel, intersecting about 28.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned PUBLIC PARK AND RECREATION ZONE · PPRZ (ZN). Official parcel area about 3,340 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision looks constrained (often the rear or handle of the lot). 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.
28.8% of the official parcel intersects the loaded flood overlay. Layer: FLOODWAY OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Flood overlay on a material share of the lot can kill a rear-lot or battleaxe subdivision story. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 3,340 m² — land size can look like optionality. What reduces it: FLOODWAY OVERLAY. Flood on the lot is a finance, insurance, and rear-yard subdivision problem — not just a suburb badge. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
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. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.
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.
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
Districts view
This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.
Detail
Official parcel about 3,340 m² — land size can look like optionality. What reduces it: FLOODWAY OVERLAY. Flood on the lot is a finance, insurance, and rear-yard subdivision problem — not just a suburb badge.
Nearby competing dwellings and net yield are still unknown.
Evidence
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned PUBLIC PARK AND RECREATION ZONE · PPRZ (ZN). Official parcel area about 3,340 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision looks constrained (often the rear or handle of the lot). This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 3,340 m² — land size can look like optionality. What reduces it: FLOODWAY OVERLAY. Flood on the lot is a finance, insurance, and rear-yard subdivision problem — not just a suburb badge.
Lot-level flood
Knownmedium28.8% of the official parcel intersects the loaded flood overlay. Layer: FLOODWAY OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Heyfield at a glance
2,441
People
$430,000
Median sale
$434/wk
Median rent
5.25%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gippsland Real Estate Maffra- Land Size 3330 sqm Rural Living Zone (RLZ)
- Large living area directly off the main entrance with split system air-conditioning
- Huge master suite located at the front of the house with walk-in robe and ensuite
- Open-plan dining & kitchen with polished timber floor and views out to Heyfield Wetlands
- Well appointed kitchen with large breakfast bar, induction electric cooktop, electric wall oven, appliance cupboard, panty and dishwasher.
- Modern, glass splash-back and under the breakfast bar is illuminated by led strip lighting
- Sun-room off the dining area could be utilised as a home office, kids play room, etc.
- Huge bathroom with oversized shower, double vanity, toilet and contemporary plantation shutters
- Recently painted throughout, new carpets, blinds and led down lights, you do not have to do a thing except move in
- 2 remaining bedrooms have WIR and ceiling fans
- Back to grid solar system with 8 panels
- Single plus storage garage off the house with electric roller door
- 12m X 10M shed with extra 3M height, electric roller door for large caravans, boats etc with separate work shop/storage
- Immaculately maintained front and rear yard with convenient, dual entrance drive way
- The property is partially fenced with colour bond fencing and the remaining post and wire which gives un-compromised views of Heyfield Wetland Nature Reserve
- Located within a short walk into town centre for shopping, the newly re-furbished Heyfield Lions Park, schools, cafes and more...
Listing description written by Bec Rose, Gippsland Real Estate Maffra — reproduced as published, not verified by Districts.