Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
$770,000
Last sold
1 May 2025
3
Bedrooms
2
Bathrooms
4
Car spaces
1,785 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
$770,000
1 May 2025 · derived via latest_sale
Local land rate: recorded House sales in Millgrove (last 5 years) with land size have a median of $810/m² of land (n=104). Districts calculation from recorded sales — not a valuation.
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Vs Millgrove
+23.2%
Median sale
Suburb $625,000
-0.78 pp
Gross yield
Suburb 4.13%
Suburb median $625,000 from 33 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 $496/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
Millgrove at a glance
1,658
People
$625,000
Median sale
$496/wk
Median rent
4.13%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Property Partners in Real EstateWelcome to 31 River Road, Millgrove, nestled alongside the peaceful Yarra River this property is a delightful home offering ample space for family living and outdoor enjoyment. Walking through the ornate gate you will be amazed by the sprawling 1,785m2 block adorned with manicured gardens and a fabulous home conveniently located less than 5 minutes from the Main Street of Warburton that is sure to tick all your boxes. Having built the home, the family have loved and cherished the property for 2 generations and you will feel this through the sense of warmth and joy you will experience upon entering the home.
• Three generously sized bedrooms each have their own unique outlook of the beautiful gardens. The primary bedroom has a WIR, air conditioning and full ensuite.
• Multiple living areas including formal living with ambient wood heater, formal dining, light filled sunroom and lounge room giving the family plenty of room to spread out.
• The large, fully equipped kitchen is a standout. It features a large island bench, WIP, quality stainless steel appliances and ample cupboard storage making it the perfect space for meal preparation. Its two large windows provide stunning garden views and floods the space with natural light.
• Two handy office spaces provide the perfect places for working from home, a creative studio or guest accommodation.
• For the tradesperson or hobbyist, the expansive workshop/garage is sure to set your heart racing as well as offering two additional carports for plenty of off-street parking.
• The covered alfresco with built in BBQ offers an incredible space to host family and friends or to just sit and enjoy the peace and privacy of the tranquil gardens.
• Other features include GDH, solar panels, double glazed windows and raised vegetable gardens.
Located within the serene community of Millgrove, residents enjoy a peaceful lifestyle while remaining connected to essential amenities. Within walking distance to the Millgrove shops, Primary School and public transport, embrace the opportunity to make 31 River Road your new home - a perfect blend of space, comfort, and natural beauty awaits.
Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.
Listing description written by Paul Marra, Property Partners in Real Estate — reproduced as published, not verified by Districts.