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VIC › Bungaree › Bungaree Wallace Rd

231 Bungaree Wallace Rd, Bungaree VIC 3352

House

$529,000

Last sold

15 Nov 2018

4

Bedrooms

2

Bathrooms

2

Car spaces

1,264 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 $529,000 (15 Nov 2018).(Recorded sale)
  • FactLand 1,264 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Bungaree (last 5 years) with land size: median $200/m² of land (n=9). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK (TRZ2) under the ZN.(Vicmap Planning · 30 Aug 2026)

What could make it worth less?

  • FactDESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 2 intersects 99.8% of this parcel.(Vicmap Planning · 30 Aug 2026)
  • FactHERITAGE OVERLAY (HO274) intersects 99.8% of this parcel.(Vicmap Planning · 30 Aug 2026)
  • FactENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 intersects 99.8% of this parcel.(Vicmap Planning · 30 Aug 2026)

What should you verify next?

  1. 1DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 2 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2HERITAGE OVERLAY (HO274) affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  4. 4No 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

$529,000

15 Nov 2018 · derived via latest_sale

Local land rate: recorded House sales in Bungaree (last 5 years) with land size have a median of $200/m² of land (n=9). Districts calculation from recorded sales — not a valuation.

Bungaree at a glance

No data

Median sale

No data

Median rent

No data

Suburb gross yield

See the full Bungaree report →

Planning

Planning and development

Planning scheme

ZN

Zone

TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK

TRZ2

Jurisdiction

Moorabool

Moorabool, VIC

Planning overlays

  • DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 2Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 30 Aug 2026
  • Version: 1
  • Parcel: 45408595

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

Detected — official

The official layer maps a heritage listed area on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 30 Aug 2026). Verify the extent against the title before relying on unaffected land.

Records

Property history

  1. Sold$529,00015 Nov 2018
  2. Listedprice unknowncompleted11 Dec 2017

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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 970 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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: medium

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 970 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 2; HERITAGE OVERLAY (HO274); ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

No advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.

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

Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.

Detail

Official parcel about 970 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 2; HERITAGE OVERLAY (HO274); ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

Read more

Nearby competing dwellings and net yield are still unknown.

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.

2 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 970 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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

    Unknown

    No advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.

  • 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 970 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 2; HERITAGE OVERLAY (HO274); ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • 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

Bungaree in one glance

Bungaree at a glance

No data

Median sale

No data

Median rent

No data

Suburb gross yield

See the full Bungaree report →

Keep researching

  • Why Bungaree? Read the area thesis →
  • What else is on the market in Bungaree →
  • Other records on Bungaree Wallace Rd →

Listing material

Listed by PRD Ballarat

A Location Worth Considering

Rich in history and without doubt one of Bungaree's landmark properties. Located in the heart of Bungaree where top class lawn bowls and quality sporting ovals are within easy walking distance, this stately home also provides strolling distance to the local primary school and to the homely service of the general store.

Built (Circa 1908), this gorgeous Victorian home oozes charm of a bygone era, while also providing a recently renovated and extended home, perfect for the modern day life and busy families.

Presented with a classic picket fence and finished with an array of colorful roses, this lace trimmed home features 4 bedrooms, 2 bathrooms and one massive living area which incorporate a stylish kitchen, dining and family area.

Read the full description

Neatly contained with full border fences and offering further cottage gardens and fertile soil to the rear, this 1/3 acre has town water, an unequipped bore with a brand new pump, town water and a biocycle septic system.

The period traditions and updated spaces have been blended perfectly together in each of the four bedrooms, with original mantels, high ceilings, freestanding robes (to stay) and dado lining creating an irresistible charm. The ensuite and family bathroom have been completed rejuvenated, while still keeping with tradition with a claw foot bath, quality fittings and stylish fixtures.

A freestanding combustion heater and an 8.5kw split system warm and cool the entire family zone, with the kitchen playing a pivotal role to one end. Slate tiles, a central island with black stone benches ensures there is plenty of room for grazing children or food preparation, while stainless steel appliances add a little gleam to the inviting cooking zone. Wide bi-fold doors fill the room with light, whilst also providing a great connection to the paved alfresco area outdoors.

A 6 x 9m freestanding garage is anchored to the side with lawns and border gardens creating a care free zone to play or relax.

This home is positioned just 15 minutes away from Ballarat, 10 minutes to the Ballan Train Station, 25 minutes' drive to Daylesford, 50 Minutes to both Geelong and Werribee with easy access to the Western Freeway if commuting to Melbourne.

Whether you immerse yourself in the Bungaree community or keep to yourself, these properties are tightly held and don't come onto the market very often.

Call our agent for further details - it is simply irresistible!!

Listing description written by Chris Leonard, PRD Ballarat — reproduced as published, not verified by Districts.

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.