Newington at a glance
1,719
People
$630,000
Median sale
$433/wk
Median rent
3.57%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
VIC › Newington › Russell St
$1,975,000
Last sold
22 Dec 2020
4
Bedrooms
4
Bathrooms
3
Car spaces
1,057 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
$1,975,000
22 Dec 2020 · derived via latest_sale
Local land rate: recorded House sales in Newington (last 5 years) with land size have a median of $1,272/m² of land (n=70). Districts calculation from recorded sales — not a valuation.
Newington at a glance
1,719
People
$630,000
Median sale
$433/wk
Median rent
3.57%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Newington
+213.5%
Median sale
Suburb $630,000
-2.43 pp
Gross yield
Suburb 3.57%
Suburb median $630,000 from 15 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 $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.
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
UnknownVictoria 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.
Area
Newington at a glance
1,719
People
$630,000
Median sale
$433/wk
Median rent
3.57%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McGrath BallaratPositioned just meters from Sturt Street, on what is arguably Ballarat's most visually appealing tree lined avenue - Russell Street. "Kinnoull" is an outstanding example of the work of renowned architect Herbert Coburn & has been respectfully transformed into what is the epitome of modern luxury living.
• Through electric gates at the front of the home leads you up to the most stunning formal entry way & welcomes your entry into the formal lounge/dining. Enormous west facing windows that frame the most beautiful picture of Ballarat's Victoria Park, as well as your breathtaking feature lit professionally landscaped garden.
• The master bedroom features lavish window furnishings and a view into your rear garden oasis, with a walk through dressing room and WIR and a thoughtfully designed ensuite with stunning black floor to ceiling tiles, stone counter with dual basins, separate shower alcove and WC.
• Bedroom two offers a front garden outlook to a stunning mix of greenery, bluestone pavers & granite toppings, with a substantial built in robe.
• Head on upstairs to find the guest quarters. Here is where you will discover the designated study space with an outlook over Newington. Large bedroom, WIR and another ensuite.
• The rear extension living space has been superbly designed with attention paid to the finest details. Spotted Gum hardwood floors, soaring ceilings & gorgeous ornate cornice are complimentary to the original design of the home.
• The timeless kitchen is dressed in marble, exuding class & elegance. Finer details include a 1200mm stainless steel SMEG oven, dual drawer dishwasher & a walk in pantry.
• The family living/dining space offers built in cabinetry and three separate French door openings to the breathtaking landscaped rear garden. Bluestone paving, incorporating a bluestone alfresco dining table, and two stunning water features.
• Multi-purpose room currently set up as a home gym, but would also make a fantastic external rumpus room, or an office space from home.
• Through French doors to the weatherboard fourth bedroom quarters, serviced by a full ensuite and WIR.
• Rear laneway access on title, leads you to a SLUG with rear doorway access back into the courtyard.
• Further features of note include hydronic heating throughout the home, the external gym and fourth bedroom quarters. Central cooling, home security system & a bore.
• A landmark Ballarat home, & an opportunity not to be missed.
Listing description written by Daniel Nestor, McGrath Ballarat — reproduced as published, not verified by Districts.