Romsey at a glance
6,233
People
$850,000
Median sale
$545/wk
Median rent
3.33%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
$1,500,000
Last sold
9 May 2023
3
Bedrooms
2
Bathrooms
2
Car spaces
18,615.54 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
$1,500,000
9 May 2023 · derived via latest_sale
Local land rate: recorded House sales in Romsey (last 5 years) with land size have a median of $593/m² of land (n=118). Districts calculation from recorded sales — not a valuation.
Romsey at a glance
6,233
People
$850,000
Median sale
$545/wk
Median rent
3.33%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
Vs Romsey
+76.5%
Median sale
Suburb $850,000
-1.44 pp
Gross yield
Suburb 3.33%
Suburb median $850,000 from 63 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 $545/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
Romsey at a glance
6,233
People
$850,000
Median sale
$545/wk
Median rent
3.33%
Suburb gross yield
Median sale from 63 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bound Real EstateWhy we like the property” (agent perspective)
Superbly designed and positioned for maximum lifestyle enjoyment, “Lantern House” offers a premium country homestead set amidst 4.6 acres (approx.) of exceptionally landscaped grounds amidst an ever-changing landscape of colour that encases a residence of significant design and style.
Contemporary and sophisticated, a timeless design that highlights superior architecture with the ease of single-level living and comfort of modern-day convenience. This home is superbly presented with premium inclusions.
This property offers the best of both worlds with easy access to Melbourne and Tullamarine airport, by road or rail stations only 10 mins from the property. Moments from local shopping and within an easy drive of local wineries, Hanging Rock, popular villages, farmers markets and walking trails of the famous Macedon Ranges.
“What the property offers” (property perspective)
Immediately impressive, the architecturally designed three-bedroom country residence features stunning detailing throughout. Soaring 14’ ceilings highlighted by clerestory windows providing an outstanding living domain. All complemented by the Castlemaine stone feature fireplace and Cheminees Phillippe wood fire creating a cosy ambience. A northerly orientation hosts double doors for immediate access to the surrounding alfresco spaces.
A bespoke gourmet kitchen hosts a suite of premium appliances, stone benchtops, servery and custom timber cabinetry with fully fitted butler’s pantry for added convenience.
Three generously proportioned bedrooms offer superior privacy and personal space to retire, and a master suite with full ensuite. A central family-sized bathroom, separate powder room and well-designed laundry provide the flexibility for a potential mudroom from the double garage.
The property hosts a 6m x 6m machinery shed with concrete floor and power, garden shed, chicken coop, small green house, town water and water tanks.
“What you love about the property” (vendor perspective)
As the property’s title suggests, “Lantern House” is the beacon guiding me home. At the end of the day, to come upon the house lit up at dusk, it really does look like a lantern.
After driving down the tree lined street, you immediately get a sense of calm when arriving at the front gate. Upon entering through the front door, the house envelops you and makes you feel at peace.
Regardless of the season, the surrounding gardens perform beautifully and every vantage point of the home offers a beautiful perspective.
You could easily hide away at the property, however the position is so close to all the wonderful wineries and attractions of the Macedon Ranges, which ensures there’s always something to do and adventures to be enjoyed with friends and family.
Listing description written by Lynne Payne, Bound Real Estate — reproduced as published, not verified by Districts.