Spring Gully at a glance
3,085
People
$700,000
Median sale
$460/wk
Median rent
3.42%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
VIC › Spring Gully › Georgina Ct
$749,000
Last sold
2 Oct 2024
4
Bedrooms
2
Bathrooms
4
Car spaces
1,048 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
$749,000
2 Oct 2024 · derived via latest_sale
Local land rate: recorded House sales in Spring Gully (last 5 years) with land size have a median of $874/m² of land (n=87). Districts calculation from recorded sales — not a valuation.
Spring Gully at a glance
3,085
People
$700,000
Median sale
$460/wk
Median rent
3.42%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Spring Gully
+7.0%
Median sale
Suburb $700,000
-0.23 pp
Gross yield
Suburb 3.42%
Suburb median $700,000 from 27 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 $460/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
Spring Gully at a glance
3,085
People
$700,000
Median sale
$460/wk
Median rent
3.42%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate BendigoThis substantial, and elegant home is positioned in one of Bendigo's most sought-after residential areas 'Palm Springs'. A picturesque neighbourhood that is synonymous with privacy, peace, and prestige.
From the moment you enter the immaculate residence you will appreciate that it is simultaneously refined, and relaxed. It is incredibly welcoming and homely. Fully renovated, there are four bedrooms plus a central home office space, ideal for modern living and remote working.
Three of the bedrooms have built in robes, and the main is favoured with a walk-in robe and superb ensuite / wet room. The fourth bedroom is positioned nearer to the main, making it suitable for a nursery or an additional private office / parent's retreat. The generous proportions and quality tapware of the ensuite are carried through to the bathroom, which is complete with a bath and a separate toilet – an ideal design for families.
Two new VELUX skylights emphasis how light and airy the home is. The floor plan is very flexible and allows for two separate living areas and spacious dining. The kitchen is nothing short of perfect; with beautiful V-Stone benches, a breakfast bar, extensive cabinetry, and quality Bosch appliances including an induction cooktop.
The extent of the storage space throughout the home cannot be overstated. The oversize laundry has abundant cupboard space to one wall, and a drying cupboard to the other. While hallway cupboards provide even more storage.
North facing front windows have a heat reflective film, and front landscaped gardens provide a balance of shade and privacy. There are two reverse cycle air-conditioners, gas heating and a wood heater for extra ambience. There is a cost reducing 3.5Kw solar system, and new heat pump hot water unit. As well as 14,000L of tank water storage and a pressure pump.
The 1,048m2 block offers a covered outdoor entertaining area, rear verandah with ornamental vine, secure grassy play areas, and established gardens full of hardy natives and succulents. There is vehicle access through the double garage to the 6m x 12m shed with workshop, including ceilings fans and an extensive bench and sink. A storage area within the shed has large, deep shelving which is ideal for sports and play equipment, and for storing household items close to hand such as seasonal decorations, luggage, and camping gear.
An abundance of adventure will surround your family here. Join sporting clubs, explore bike and walking trails, climb One Tree Hill, and delight in the natural surrounds and wildlife. There is great access to shopping, education, child care and medical amenities in neighbouring Flora Hill, Strathdale and Kennington. As well as great access to the city bus network, and it is only a short drive to central Bendigo. You will enjoy strolling to the Retreat Road butcher and bakery, and visiting the very popular One Tree Hill Hotel, and Spring Gully General Store.
This is renovation excellence - boasting space, quality, and abundant storage; and set in a much-admired locale.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
Listing description written by Patrick Skahill, Elders Real Estate Bendigo — 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.