Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
$1,300,000–$1,400,000
For sale
Asking range
$1,200,000
Last sold
4 May 2022
4
Bedrooms
2
Bathrooms
14
Car spaces
4,232 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
Asking
$1,300,000–$1,400,000
Asking range · $307/m² of land
Last recorded sale $1,200,000 (4 May 2022).
Local land rate: recorded House sales in Cardigan (last 5 years) with land size have a median of $393/m² of land (n=24). Districts calculation from recorded sales — not a valuation.
Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Cardigan
+121.5%
Median sale
Suburb $587,000
-2.49 pp
Gross yield
Suburb 4.54%
Suburb median $587,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$78,346 on top of the price (6.0% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Cardigan's advertised median rent — not a rent for this listing.
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.
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 $512/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.
Gross yield if leased at the suburb aggregate is 2.0%. 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
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
Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ballarat Real EstatePositioned on an expansive 4,232m² approx. allotment in the highly regarded community of Cardigan, this exceptional residence represents the very best of sophisticated semi-rural living. Offering privacy, space, and serenity, it delivers a lifestyle of comfort while remaining just 7km from the Ballarat CBD and only three minutes from the convenient Lucas Town Centre, where shopping, dining and essential amenities are all within easy reach.
Thoughtfully designed with a timeless aesthetic, the home combines elegance and functionality to create a warm and inviting family environment. The flowing open plan layout forms the heart of the residence, with an abundance of natural light enhancing the sense of space throughout. Multiple living zones provide flexibility for both relaxation and entertaining, ensuring the home adapts effortlessly to the needs of a growing family.
Accommodation comprises four generously proportioned bedrooms, each complete with walk in robes. The impressive main suite features an oversized ensuite and expansive walk-in wardrobe, creating a luxurious private retreat. The beautifully appointed kitchen is both stylish and practical, showcasing a stone island bench, quality Smeg appliances, soft close cabinetry, and a large pantry. A dedicated study with built in cabinetry further enhances the home's versatility, offering an ideal work from home solution.
Additional features enhance both comfort and functionality, including external blinds, a spacious walk-in linen cupboard, central heating, a split-system air conditioner, and a double garage with convenient internal access.
Additional features enhance both comfort and functionality, including external blinds, a spacious walk-in linen cupboard, central heating, a split-system air conditioner, and a double garage with convenient internal access.
A true highlight of the property is the substantial garage and workshop, complete with electric doors, a 15kW solar system, wood heater, and its own split system. This impressive space offers outstanding flexibility, ideal for trades, hobbies, extra storage, or a dedicated workspace.
Outdoors, sliding doors open to a private alfresco area complete with a built in BBQ, perfect for entertaining family and friends. The solar heated in ground swimming pool is a standout inclusion, offering year-round enjoyment and further enhancing the property's lifestyle appeal.
This outstanding home presents a rare opportunity to secure an enviable semi-rural lifestyle in one of the region's most sought-after locations, combining peaceful surroundings with outstanding convenience.
JD2502
Listing description written by Oscar Currell, Ballarat Real Estate — reproduced as published, not verified by Districts.