Bega at a glance
5,120
People
$650,000
Median sale
$533/wk
Median rent
4.26%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
NSW › Bega › Millbank Way
$890,000
Last sold
31 Mar 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
721 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
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
$890,000
31 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Bega (last 5 years) with land size have a median of $739/m² of land (n=28). Districts calculation from recorded sales — not a valuation.
Bega at a glance
5,120
People
$650,000
Median sale
$533/wk
Median rent
4.26%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Bega
+36.9%
Median sale
Suburb $650,000
-1.15 pp
Gross yield
Suburb 4.26%
Suburb median $650,000 from 16 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Bega Valley Local Environmental Plan 2013
Zone
Low Density Residential
R2
Jurisdiction
Bega Valley
Bega Valley, NSW
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.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned Low Density Residential · R2 (Bega Valley Local Environmental Plan 2013). Official parcel area about 722 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. Funded catalyst catchments are not loaded. A TOD badge is not this product.
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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $533/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned Low Density Residential · R2 (Bega Valley Local Environmental Plan 2013). Official parcel area about 722 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Bega Valley Local Environmental Plan 2013). Official parcel area about 722 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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 722 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
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Bega at a glance
5,120
People
$650,000
Median sale
$533/wk
Median rent
4.26%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bega Valley RealtyVENDORS REVIEW
A professional performance where presentation and marketing of the property were first class.
Custom-designed and built by a national award-winning builder, this exceptional
residence was completed in 2016 and represents a rare fusion of architectural
sophistication and forward-thinking design. Purpose-built around premium solar
passive principles, the home delivers an elevated standard of comfort, efficiency and
quiet luxury.
North-facing living spaces and bedrooms are carefully oriented to capture winter sun,
while double glazing, solar curtains and polished concrete floors work in harmony to
regulate temperature naturally. Wide overhanging eaves shield the home from
summer heat, ensuring a calm, consistent internal climate throughout the year.
Energy independence is seamlessly integrated through 20 rooftop solar panels
paired with an 8-kilowatt battery system — a discreet yet powerful investment in both
sustainability and long-term cost efficiency.
Externally, the grounds have been meticulously developed with extensive concrete
works, integrated drainage, native landscaping, a productive vegetable garden,
a fernery and a charming chook house, creating a setting that feels curated yet
effortlessly connected to nature.
Inside, 2.7-metre ceilings enhance light and volume, while wider-than-standard
hallways and a refined single-level floor plan offer graceful accessibility without
compromise. Solar skylights flood both bathrooms with natural light, reinforcing the
home's intelligent design ethos.
The outdoor entertaining zone is a statement in modern luxury, featuring a vertical
green-wall garden, generous dining space and seamless indoor-outdoor flow.
Combined with high-quality appliances throughout, this is a home that speaks to
discerning buyers seeking design excellence, environmental awareness and a
lifestyle that is both luxurious and enduring.
24 Millbank Way is a sophisticated, future-ready residence thoughtfully designed for today and
generations to come.
Agents Report
Archtiectural designed three bedroom two bathroom home
Single level floor plan with wider hallways sutable for disabilty access
Kitchen with high end appliances Corian benchtops and splashbacks
Polished concrete flooring and state of the art modern bathrooms
Double glazing Large overhanging eaves and solar efficient curtains
Established native gardens Vegetable garden and a Chook house
Seamless outdoor living private and peaceful with vertical garden
Double lock up garage with remote entry access
20 solar panels installed plus battery for solar energy storage
Easy maintanance 721 m2 block of land
Located at the top end of a private cul-de-sac
Council rates approximately $4,000 per year
Listing description written by Rob Flynn, Bega Valley Realty — reproduced as published, not verified by Districts.