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VIC › New Gisborne › Morrow Road East

25 Morrow Road East, New Gisborne VIC 3438

House

$950,000

Last sold

25 Aug 2022

3

Bedrooms

1

Bathrooms

4

Car spaces

16,996.797 m²

Land

138 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • FactLast recorded sale $950,000 (25 Aug 2022).(Recorded sale)
  • CalculationLand 16,997 m² against a 138 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in New Gisborne (last 5 years) with land size: median $978/m² of land (n=63). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$950,000

25 Aug 2022 · derived via latest_sale

Local land rate: recorded House sales in New Gisborne (last 5 years) with land size have a median of $978/m² of land (n=63). Districts calculation from recorded sales — not a valuation.

New Gisborne at a glance

2,938

People

$835,000

Median sale

$642/wk

Median rent

4.00%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full New Gisborne report →

Vs New Gisborne

+13.8%

Median sale

Suburb $835,000

-0.49 pp

Gross yield

Suburb 4.00%

Suburb median $835,000 from 27 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$950,00025 Aug 2022
  2. Listedprice unknowncompleted15 Apr 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 $642/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

New Gisborne in one glance

New Gisborne at a glance

2,938

People

$835,000

Median sale

$642/wk

Median rent

4.00%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full New Gisborne report →

Keep researching

  • Why New Gisborne? Read the area thesis →
  • What else is on the market in New Gisborne →
  • Other records on Morrow Road East →

Listing material

Listed by Raine & Horne Gisborne

Character - established - potential (4.2 acres/1.70ha)

Situated in a sought after, tightly held area in a private cul-de-sac, only 5 minutes from the train station (55minutes to the city), 3 minutes to the freeway and 5 minutes to town with an array of primary schools, shops, cafes, and restaurants at your fingertips! the home is in total privacy behind the high hedge at the front of the property. Once you walk up the driveway you are welcomed by an original 3 bedroom weatherboard cottage. Inside its well-lit living, dining and kitchen areas, the traditional layout is complemented by its 3 huge bedrooms all with built in robes and high ceilings throughout, the master bedroom has a study/dressing room that could easily be converted to an en-suite.

A quirky original bathroom with a shower and bath sits centrally in the home. There is also an additional powder room connected to the laundry/mudroom that leads out into a large sunroom, perfect for outdoor dining!

The kitchen includes a breakfast nook, plenty of storage and space with a huge window overlooking its rural aspect and numerous mature trees offering; apricot, plums, peaches, bay leaves, apples and cherry plums. There is also a small lemon tree making a perfect accompaniment to a drink at the end of a hard work day!

Read the full description

The home is ready to live in, a renovation would really take this property to the next level with 4.2 acres of land to call your own, with a 100m street frontage as well!

Additional features of the home include;

• 2 car garage and workshop along with a free-standing shed

• 2 divided paddocks currently housing some beautiful horses

• Colourbond roof and re-stumping completed 2015

• 2017 saw new plumbing throughout the home, brand new hot water system, all plumbing lines replaced to septic tank.

• Dishwasher replaced 2019

• Gas ducted heating

• Town and tank water

• Fireplace in the loungeroom

Development potential for dual occupancy based on the current draft Gisborne futures plan STCA

An inspection will not disappoint, contact Ken on 0418 509 710 to view this unique property.

• Photo ID required for all inspections

• Please observe social distancing guidelines - 1.5m distance at all times

*Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Listing description written by David Oliver, Raine & Horne Gisborne — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Gas Heating
  • Outdoor Entertaining
  • Secure Parking
  • Study
  • Water Tank
  • Workshop

Also look at

Also for sale in New Gisborne

  • 20 Morrow Road East, New Gisborne VIC 3438

    0-bed land for sale. Asking $820K–$860K.

    For sale
  • 6 Morrow Road East, New Gisborne VIC 3438

    0-bed land for sale. Asking $895K.

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  • 19 Brocchi Rd, New Gisborne VIC 3438

    4-bed house for sale. Currently listed.

    For sale
  • 60 Hurst Dr, New Gisborne VIC 3438

    4-bed house for sale. Asking $1.2M.

    For sale
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.