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VIC › Yarra Glen › Steels Creek Rd

272 Steels Creek Rd, Yarra Glen VIC 3775

For saleHouse

$2,200,000

For sale

$2,200,000

Last sold

28 July 2021

3

Bedrooms

1

Bathrooms

0

Car spaces

323,289 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

This is on the market — is it worth your time?

Why this ask?

  • FactListed for sale — no asking price recorded(Listing record · 14 Aug 2026)
  • FactLand 323,289 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Yarra Glen (last 5 years) with land size: median $1,033/m² of land (n=65). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Yarra Glen's advertised median rent ($550/wk), implied gross yield would be 1.30% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$2,200,000

28 July 2021 · derived via latest_sale

Local land rate: recorded House sales in Yarra Glen (last 5 years) with land size have a median of $1,033/m² of land (n=65). Districts calculation from recorded sales — not a valuation.

Yarra Glen at a glance

3,135

People

$1,014,000

Median sale

$550/wk

Median rent

2.82%

Suburb gross yield

Median sale from 18 recorded sales (last 12 months) — a Districts calculation.

See the full Yarra Glen report →

Vs Yarra Glen

+117.0%

Median sale

Suburb $1,014,000

-1.52 pp

Gross yield

Suburb 2.82%

Suburb median $1,014,000 from 18 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$2,200,000
Stamp Duty (Victoria)
$123,000
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$2,330,314

$130,314 on top of the price (5.9% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Yarra Glen's advertised median rent — not a rent for this listing.

Net yield
-0.20%
Annual cashflow (pre-tax)
$-118,800
Interest cover (DSCR)
-0.04
Annual rent
$28,600
Operating expenses
$33,000
Loan amount
$1,760,000
Annual interest
$114,400
Gross yield
1.30%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listedprice unknownavailable14 Aug 2026
  2. Sold$2,200,00028 July 2021
  3. Listedprice unknowncompleted13 Apr 2021

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 $550/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

Yarra Glen in one glance

Yarra Glen at a glance

3,135

People

$1,014,000

Median sale

$550/wk

Median rent

2.82%

Suburb gross yield

Median sale from 18 recorded sales (last 12 months) — a Districts calculation.

See the full Yarra Glen report →

Keep researching

  • Why Yarra Glen? Read the area thesis →
  • What else is on the market in Yarra Glen →
  • Other records on Steels Creek Rd →

Listing material

Listed by Century 21 Theresa Huynh

A Country Home on 32.46 Hectare, within easy reach of the City

Set amongst the rolling hills of the picturesque Yarra Valley, just minutes from Yarra Glen, this modern three-bedroom home is set on approximately 82 acres of prime farmland, offering an exceptional combination of lifestyle, privacy and agricultural versatility.

Surrounded by beautiful countryside, the home enjoys relaxing views from virtually every room, with the landscape changing beautifully throughout the seasons. Two wide verandas and decks provide generous outdoor spaces for entertaining or simply enjoying the peaceful rural setting, while a modern log heater creates a warm and inviting atmosphere during the cooler months.

The modern kitchen is both practical and stylish, featuring ample cupboard storage, stone benchtops and a breakfast bar overlooking the family dining area. Three carpeted bedrooms include built-in robes, while the family bathroom features a bath, vanity and separate shower. A separate laundry and toilet are conveniently positioned alongside the wide hallway, which provides direct access to the side veranda – particularly useful after working or enjoying time outdoors.

Read the full description

Established Horse Property with Agricultural Potential

The property is currently configured for horses but offers considerable flexibility for other livestock or agricultural pursuits.

A substantial 20m x 12m stable complex provides five stalls together with individual corrals, two storage rooms, a kitchenette and three access doors. Nearby, a sand-based exercise arena provides an excellent facility for horse training and exercise.

Additional improvements include a large machinery and storage shed, providing valuable protection for farm machinery, equipment and fodder.

The land is divided into a number of fenced paddocks, including smaller areas with shelter and feed sheds suitable for individual animals or small groups. Three dams provide an established water supply for stock and gardens throughout the year.

While horses have been the focus of the current owners, the property's size, infrastructure and layout provide scope for a variety of livestock, agistment or other agricultural and lifestyle pursuits.

Yarra Valley Lifestyle

Only a few minutes' drive from Yarra Glen and surrounded by vineyards, established farms and the natural beauty of the Yarra Valley, this is a rare opportunity to secure a substantial rural property in a highly sought-after lifestyle location.

Whether seeking a permanent country residence, private weekender, horse property, agistment opportunity or income-producing rural investment, this property offers an appealing combination of land, infrastructure and location.

Property Highlights

Modern three-bedroom home

Approximately 82 acres of farmland

Beautiful views across surrounding hills and established trees

Two wide verandas/decks for outdoor living and entertaining

Modern kitchen with stone benchtops, ample storage and breakfast bar

Three bedrooms with built-in robes

Family bathroom with bath and separate shower

Separate laundry and toilet

Modern log heater

20m x 12m, five-stall stable complex

Individual horse corrals

Two stable storage rooms and kitchenette

Three access doors to stable complex

Sand-based exercise arena

Large machinery and storage shed

Multiple fenced paddocks

Smaller paddocks with shelter/feed sheds

Three dams providing water for stock and gardens

Suitable for horses, livestock, agistment or other agricultural pursuits

Just minutes from Yarra Glen

Current Lease & Rental Income

The property is currently subject to a lease commencing 16 September 2025 and expiring 15 September 2028.

16 September 2025 – 15 September 2026: $3,693 per month

A rare opportunity to secure approximately 82 acres in the heart of the Yarra Valley, combining a modern home, substantial equestrian infrastructure and genuine rural lifestyle potential.

Listing description written by Theresa Huynh, Century 21 Theresa Huynh — 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.