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VIC › Upwey › Toorourrong Rd

3 Toorourrong Rd, Upwey VIC 3158

For saleHouse for Sale

$1,200,000–$1,295,000

For sale

Asking range

4

Bedrooms

3

Bathrooms

6

Car spaces

4,826 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,200,000–$1,295,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,200,000–$1,295,000(Listing record · 2 Apr 2026)
  • FactLand 4,826 m²; no building size recorded.(Property record)
  • CalculationAsk is 38% above the Upwey median recorded sale ($870,000, n=66, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Upwey's advertised median rent ($590/wk), implied gross yield would be 2.56% — 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

$1,200,000–$1,295,000

Asking range · $249/m² of land

No recorded sale for this property.

Upwey at a glance

6,877

People

$870,000

Median sale

$590/wk

Median rent

3.53%

Suburb gross yield

Median sale from 66 recorded sales (last 12 months) — a Districts calculation.

See the full Upwey report →

Vs Upwey

+37.9%

Median sale

Suburb $870,000

-0.97 pp

Gross yield

Suburb 3.53%

Suburb median $870,000 from 66 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
$1,200,000
Stamp Duty (Victoria)
$66,000
Transfer/Registration Fee
$2,912
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
$1,272,612

$72,612 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 Upwey's advertised median rent — not a rent for this listing.

Net yield
1.06%
Annual cashflow (pre-tax)
$-49,720
Interest cover (DSCR)
0.20
Annual rent
$30,680
Operating expenses
$18,000
Loan amount
$960,000
Annual interest
$62,400
Gross yield
2.56%

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$1,200,000–$1,295,000available2 Apr 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 $590/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 2.6%. 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

Upwey in one glance

Upwey at a glance

6,877

People

$870,000

Median sale

$590/wk

Median rent

3.53%

Suburb gross yield

Median sale from 66 recorded sales (last 12 months) — a Districts calculation.

See the full Upwey report →

Keep researching

  • Why Upwey? Read the area thesis →
  • What else is on the market in Upwey →
  • Other records on Toorourrong Rd →

Listing material

Listed by Chandler & Co Real Estate

A Rare Private Rainforest Retreat with Resort-Style Luxury

Tucked away in a breathtaking natural setting and surrounded by lush greenery, this exceptional Upwey retreat delivers a rare fusion of modern luxury and tranquil, resort-style living.

Privately positioned amongst lush, established gardens, the home immediately captivates with its peaceful outlooks and seamless connection to nature. Inside, a beautifully renovated interior showcases a stunning contemporary kitchen complete with stone benchtops, quality appliances and sleek cabinetry, all framed by expansive windows that invite the outdoors in. The adjoining living domain is warm and inviting, centred around a cosy wood fire and complemented by large windows capturing treetop vistas and distant views across the valley.

Offering 4 bedrooms and 3 bathrooms, the home provides excellent flexibility for families, guests or those seeking additional space to work from home. The accommodation is further enhanced by two designer bathrooms, highlighted by a luxurious main bathroom featuring a freestanding stone bath, walk-in shower and refined finishes that create a true spa-like experience. Year-round comfort is also ensured with ducted heating and cooling.

Read the full description

Step outside and the lifestyle appeal truly comes to life. A generous entertaining deck, complete with fire pit and dining zone, provides the perfect space to host or unwind while immersed in the surrounding greenery. Adding to the property's unique offering is a stunning barrel sauna and outdoor shower area, delivering a private wellness retreat right at home.

Currently operating across Airbnb, Booking.com and Riparide, this property also presents a proven income opportunity, generating over $165,000 in the last calendar year. With a strong 85% occupancy rate and over 280 five-star reviews, it sits in the top 10% of listings nationally. A new owner can continue building on that success, or simply call it home.

Set on a beautifully landscaped allotment with meandering paths, established ferns and native plantings, the property offers both usability and serenity in equal measure. A large parking area with carport ensures practicality, while the peaceful setting remains just moments from Upwey Village, train station, schools and cafes.

A truly special offering where lifestyle, design and nature combine effortlessly this is a home that must be experienced to be fully appreciated.

Please note: All information provided has been obtained from sources believed to be accurate, however, we cannot guarantee the information is accurate. Interested parties should make their own enquiries & obtain their own legal advice. We accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans, size, building age or condition).

Listing description written by Brad Conder, Chandler & Co Real Estate — reproduced as published, not verified by Districts.

Property features

  • Toilets: 2
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.