Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
VIC › Millgrove › Sherriff Cl
$1,150,000
Last sold
2 Feb 2024
5
Bedrooms
2
Bathrooms
2
Car spaces
23,471.767 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
$1,150,000
2 Feb 2024 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Millgrove (last 5 years) with land size have a median of $810/m² of land (n=104). Districts calculation from recorded sales — not a valuation.
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Millgrove
+84.0%
Median sale
Suburb $625,000
-1.89 pp
Gross yield
Suburb 4.13%
Suburb median $625,000 from 33 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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.
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
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $496/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. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Professionals Andrew McMath Yarra JunctionAre you tired of the hustle and bustle? Looking for a change of pace and more space around you? It is time for a change!!!! This property is what you are looking for. Set on a wonderful, useable, 5.8 acres (approx.) with amazing mountain views, this stunning property features a beautiful large family home, with a home office, shedding, fruit trees, dam and much more.
Only a short stroll to the beautiful Yarra River, the property has loads of features including;
• 5 bedrooms & 2 bathrooms
• Main bedroom with ensuite and walk in robe
• Home office or nursery with plenty of storage and sink
• Formal living and dining area
• Second lounge and meals area adjoining large central kitchen
• Wood heating, multiple split systems and electric heating & ducted vacuum throughout the home
• Covered outdoor entertaining area provides a great space for breakfast or summer BBQ
• Large double lock up garage with workshop space provides loads of room for vehicles
• A separate powered shed provides extra storage for tools plus there is an approved planning permit for an additional large shed (STCA)
• A 9.7 kW micro inverter solar system is less than 1 year old
• Established fruit trees – apple, pear, apricot and cherry and a young apple orchard
• The land is cleared and useable for animals and kids to play. Deer proof fencing is a great addition plus dam & chook pen
• The property provides wonderful privacy and is within walking distance to Yarra River, Warburton Rail Trail, Millgrove Village Shops, Primary School and bus stops
With Warburton township only a short drive away the location is very sought after. Be quick and phone us today. You don't want to miss this chance to change your lifestyle
FURTHER CONTACT
By enquiring on or inspecting this property, you agree to receive further marketing information from us about other properties. To opt out of this, please contact our office on 59671800.
COVID-19 INFORMATION:
To keep our clients and team safe please do not attend any of our properties if you have tested positive to Covid in the last 7 days. If you would prefer to arrange a virtual inspection please call our office on 5967 1800.
Listing description written by Chris Lord, Professionals Andrew McMath Yarra Junction — reproduced as published, not verified by Districts.
Victoria 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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.