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VIC › Lake Wendouree › Gregory St

3/1320 Gregory St, Lake Wendouree VIC 3350

For saleTownhouse

$1,100,000–$1,125,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

2

Car spaces

267 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,100,000–$1,125,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,100,000–$1,125,000(Listing record · 12 Aug 2026)
  • FactLand 267 m²; no building size recorded.(Property record)
  • CalculationRecorded Townhouse sales in Lake Wendouree (last 5 years) with land size: median $3,765/m² of land (n=3). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 62% above the Lake Wendouree median recorded sale ($680,000, n=17, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lake Wendouree's advertised median rent ($433/wk), implied gross yield would be 2.05% — 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

$1,100,000–$1,125,000

Asking range · $4,120/m² of land

No recorded sale for this property.

Local land rate: recorded Townhouse sales in Lake Wendouree (last 5 years) with land size have a median of $3,765/m² of land (n=3). Districts calculation from recorded sales — not a valuation.

Lake Wendouree at a glance

2,704

People

$680,000

Median sale

$433/wk

Median rent

3.31%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Lake Wendouree report →

Vs Lake Wendouree

+61.8%

Median sale

Suburb $680,000

-1.26 pp

Gross yield

Suburb 3.31%

Suburb median $680,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,100,000
Stamp Duty (Victoria)
$60,500
Transfer/Registration Fee
$2,678
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
$1,166,878

$66,878 on top of the price (6.1% 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

Based on the low end of the asking range, not a contract price.

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

Net yield
0.55%
Annual cashflow (pre-tax)
$-51,184
Interest cover (DSCR)
0.11
Annual rent
$22,516
Operating expenses
$16,500
Loan amount
$880,000
Annual interest
$57,200
Gross yield
2.05%

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. Listed$1,100,000–$1,125,000available12 Aug 2026

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 $433/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

Gross yield if leased at the suburb aggregate is 2.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Lake Wendouree in one glance

Lake Wendouree at a glance

2,704

People

$680,000

Median sale

$433/wk

Median rent

3.31%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Lake Wendouree report →

Keep researching

  • Why Lake Wendouree? Read the area thesis →
  • What else is on the market in Lake Wendouree →
  • Other records on Gregory St →

Listing material

Listed by McGrath Ballarat

Contemporary Living in an Exceptional Lake Wendouree Setting

Beautifully considered and filled with natural light, this architecturally designed home delivers contemporary living with an emphasis on comfort, quality and ease. Built by respected local builder Hayden Bromley and designed by Ballarat's leading Architects Project Now this home presents like brand new.

The home combines generous interiors, a sizeable backyard and impressive modern inclusions with an outstanding position just moments from Lake Wendouree.

• A spacious and light-filled floorplan is enhanced by 2.7-metre ceilings, creating an immediate feeling of openness while allowing natural light to carry beautifully throughout the living spaces.

Read the full description

• At the heart of the home, the kitchen combines style with everyday practicality, featuring Essastone benchtops, excellent cabinetry and a walk-in pantry offering generous additional storage.

• The main living area has been designed as an inviting place to relax or entertain, with a gas log fire bringing warmth and character to the space and creating a cosy atmosphere throughout the cooler Ballarat months.

• Three generous bedrooms provide excellent space and comfort, with ceiling fans offering additional airflow during the warmer months.

• Two beautifully finished bathrooms, complemented by two separate powder rooms, continue the quality seen throughout the home, with Essastone benchtops to the vanities creating a seamless connection with the kitchen finishes.

• Comfort has been carefully considered for every season, with gas central heating complemented by the gas log fire, two reverse-cycle split systems positioned across the upper and lower levels, and ceiling fans within the bedrooms.

• Double-glazed windows throughout provide an additional layer of comfort and insulation, particularly valuable across Ballarat's changing seasons.

• Despite its low-maintenance design, the property enjoys a genuinely good-sized backyard, providing plenty of room to enjoy the outdoors while keeping ongoing upkeep manageable.

• Presenting brand new and ready to enjoy, the property offers an appealing turn-key option for buyers seeking quality contemporary living without the need for further improvements or renovations.

• Security and convenience are particularly well considered, with CCTV, security doors, smart key locks, outdoor security lighting and automatic gated entry all incorporated into the property.

• Car garaging is accessed via a panel-lift door and extra car parking spaces with the automatic front gates adding another level of privacy and ease to everyday arrivals and departures.

• The location places the Lake Wendouree lifestyle virtually at your doorstep, with a pedestrian walkway directly opposite providing easy access across to the lake and its renowned walking and recreational areas.

• For those who enjoy time on the water, nearby Durham Point provides convenient access to the boat ramp for launching a kayak and making the most of Lake Wendouree.

• Everyday convenience is equally impressive, with Ballarat's hospital precinct, train station, city centre, Ballarat Grammar School and Howitt Street shopping all within easy walking distance, along with a great selection of local cafes and eateries.

• Set along one of the area's attractive wide, tree-lined streets, Gregory Street offers a wonderful established setting together with the added convenience of ample free on-street parking for family and visitors.

• The property brings together the benefits of a low-maintenance lifestyle with three bedrooms, two bathrooms, excellent storage, secure car garage and a backyard that still provides genuine outdoor space.

With its quality Hayden Bromley construction, thoughtful architectural design and enviable position near Lake Wendouree, 3/1320 Gregory Street delivers an impressive combination of lifestyle, convenience and contemporary comfort.

Listing description written by Sarah Skinner, McGrath Ballarat — reproduced as published, not verified by Districts.

Property features

  • Living Areas: 1
  • Toilets: 3
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.