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VIC › Casterton › Mt Gambier Rd

24 Mt Gambier Rd, Casterton VIC 3311

House

$600,000

Last sold

23 Oct 2022

7

Bedrooms

4

Bathrooms

2

Car spaces

1,059 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 $600,000 (23 Oct 2022).(Recorded sale)
  • FactLand 1,059 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Casterton (last 5 years) with land size: median $300/m² of land (n=68). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No 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

$600,000

23 Oct 2022 · derived via latest_sale

Local land rate: recorded House sales in Casterton (last 5 years) with land size have a median of $300/m² of land (n=68). Districts calculation from recorded sales — not a valuation.

Casterton at a glance

1,578

People

$320,000

Median sale

$347/wk

Median rent

5.64%

Suburb gross yield

Median sale from 47 recorded sales (last 12 months) — a Districts calculation.

See the full Casterton report →

Vs Casterton

+87.5%

Median sale

Suburb $320,000

-2.63 pp

Gross yield

Suburb 5.64%

Suburb median $320,000 from 47 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

  1. Sold$600,00023 Oct 2022
  2. Listedprice unknowncompleted5 Sept 2022
  3. Listedprice unknowncompleted5 Sept 2022

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?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” 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 $347/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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

Casterton in one glance

Casterton at a glance

1,578

People

$320,000

Median sale

$347/wk

Median rent

5.64%

Suburb gross yield

Median sale from 47 recorded sales (last 12 months) — a Districts calculation.

See the full Casterton report →

Keep researching

  • Why Casterton? Read the area thesis →
  • What else is on the market in Casterton →
  • Other records on Mt Gambier Rd →

Listing material

Listed by Nutrien Harcourts Casterton

A slice of German Architecture excellence + 2 bedroom unit

This once in a lifetime property was built in approximately 1959, by a German Architect for his family. With every nook, cranny and feature in the home handcrafted to an impeccable standard, this grand 5 bedroom, 2 bathroom home is more than meets the eye. Even with 2-bedroom self-contained unit poolside out the back... there is still more wow factor to be discovered. With exceptional street appeal, gorgeous landscaped garden, wishing well, pond and grand staircase up to the home, the moment you step inside the beautiful front door, you're sure to be wowed by the multiple handcrafted grand components that each room entails.

The front foyer consists of the staircase balustrade to the second floor and entrances to the second 2nd living/ rumpus room and the formal lounge to the right, here the floor is bordered with slate and carpet center piece leading you to the magnificent pink marble surrounded fireplace. Adjoining is the dining room that features double French doors, which takes you out onto the large back entertainers veranda. The Blackwood timber kitchen boasting ample storage, stainless steel appliances, also with outlook over the backyard and swimming pool.

The main bathroom with shower over bath, toilet and vanity, with powder room like bench space and storage.

Read the full description

The master bedroom is located on ground floor, this is spacious with magnificent natural lighting from the doors that lead you out onto the back veranda and overlooks the yard and pool, with ensuite providing shower, vanity and toilet.

The Rumpus/ 2nd living room or as the sign above the bar calls it "The Den" is home to many features. With the handcrafted parquetry timber floor, slate bar and open fireplace surrounded by slate feature wall.

Moving upstairs - There are 4 bedrooms and the 3rd bathroom. Presently all rooms set up as bedrooms, with the 4th one easily functioning as the 5th bedroom in the home, or as an office, sitting or living space. All 4 rooms are spacious, 3 with built in wardrobes. The views from this 2nd floor are spectacular, especially on the north facing side of the home. This overlooks backyard, rolling hills of farm land and picturesque Glenelg river flats.

Moving out the rear of the home. As per the front garden, the back has also been meticulously kept. The back veranda overlooking the private lush back lawn, swimming pool and woodfire BBQ. This area is set up for the ultimate family entertainer- relax and unwind, party or just watch the kids play.

Alongside the pool is the fully self- contained unit - great for visitors or the home business opportunity you name it! It has the kitchen dining area, bathroom with shower, vanity and toilet is separate along with two rooms to use as you please, may it be bedrooms, studio, lounge and 1 bedroom.... The list could go on.

You will also find single carport, single car enclosed garage and workshop space at the rear.

This stunning property is perfectly set up to spend quality time inside or out for the growing family.

An inspection of this luxury home is sure to impress.

EXPRESSIONS OF INTEREST

Listing description written by Sarah Thompson, Nutrien Harcourts Casterton — reproduced as published, not verified by Districts.

Property features

  • Toilets: 5
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.