Myrtleford at a glance
3,175
People
$865,000
Median sale
$400/wk
Median rent
2.40%
Suburb gross yield
Median sale from 7 recorded sales (last 24 months) — a Districts calculation.
VIC › Myrtleford › Happy Valley Rd
$1,465,000
Last sold
8 Aug 2023
4
Bedrooms
2
Bathrooms
5
Car spaces
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
$1,465,000
8 Aug 2023 · derived via latest_sale
Myrtleford at a glance
3,175
People
$865,000
Median sale
$400/wk
Median rent
2.40%
Suburb gross yield
Median sale from 7 recorded sales (last 24 months) — a Districts calculation.
Vs Myrtleford
+69.4%
Median sale
Suburb $865,000
-0.98 pp
Gross yield
Suburb 2.40%
Suburb median $865,000 from 7 recorded sales (last 24 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 $400/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
Myrtleford at a glance
3,175
People
$865,000
Median sale
$400/wk
Median rent
2.40%
Suburb gross yield
Median sale from 7 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Myrtleford Real Estate & LivestockSouter's Vineyard is a 22 acre property that sits at the foothills of the Victorian Alpine region at 390 Happy Valley Road Ovens.
The property was established in the early 1980s as a vineyard, making the Gewurtstraminer, Chardonnay, Cabernet Sauvignon and Shiraz vines some of the oldest in the region. The opportunity has presented itself to purchase this property in a WIWO basis (an inventory list is available upon request).
4 bedroom 3 living area split level architecturally designed and built mudbrick, brick and colour bond clad home ensures the majestic views over the valley are taken in. The home has a north facing passive solar aspect allowing for natural light, summer shade and winter sun warmth that beams its way through the double-glazed windows.
Lower level: Open plan living area with an open fire place and split system, brick flooring, kitchen with 900mm Smeg gas cooktop, stainless steel benchtops, electric oven as well as a wood combustion oven/ heater and walk in pantry. Master bedroom and 2nd bedroom with BIR, renovated main bathroom with shower and bath, second living area with open fire place, atrium allowing natural light and somewhere to sit and enjoy the solitude.
Upper level: Office or study, sitting area/ library, 3rd and 4th Bedroom, ensuite and separate toilet with a view.
The 5-6 acres of vines are grown on a well-draining granitic soil enabling premium fruit production through hand pruning and harvesting. Crop yields are kept low ensuring high quality grapes which are currently being purchased by Billy Button and Mayford Wines. The region is perfect for growing cool climate wines with warm summer days and cool nights.
A 40ft container with power set into the hill is used as a wine cellar keeping the wines at stable temperature for future enjoyment. Shedding with concrete floor and power for your winemaking equipment or added storage. Double car port for parking.
The property has many different fruit trees, plenty of quality water supply with a reliable bore plus the added bonus of rainwater tanks.
There is also approximately 10 acres where you could run some cattle or keep a horse if that's what you desire.
With too many features to mention an inspection of this property should be at the top of your to do list.
Having been planted out in 1982 Souter's Vineyard Very Old Vines produce wines of full and subtle taste.
Among the Awards won:
2004 Cabernet. Silver Medal Myrtleford Show 2005
2005 Shiraz Gold Medal and Trophy got best wine of Myrtleford Show 2008
2005 Cabernet. Gold Medal Winestate Magazine Regional Tasting 2008
Selected in Winestate Annual for best wines tasted 2008
2006 Cabernet. Silver Medal Victorian Wine Show 2008
2006 White Gold Silver Medal Winestate Magazine Dessert wine category
2008 Cabernet. 93++points Winefront 2011 review
2009 Cabernet. Silver Medal Myrtleford Show 2011
2012 Cabernet. Bronze Medal Aust Small Winemakers Show
2013 Cabernet. Silver Medal North East Wine Challenge 2015
2014 Gewurtztraminer. Commended Alternative Varieties Show 2014
2014 Shiraz. Gold Medal North East Wine Challenge 2016
2014 Cabernet Gold Medal North East Wine Challenge 2016
Top Bronze Halliday Cabernet Challenge Margaret River Wine Show 2017
2015 Chardonnay Gold North East Wine Challenge 2015
2015 Gewurtztraminer Gold North East Wine Challenge 2015
2015 Shiraz. Silver North East Wine Challenge 2017
2015 Cabernet. Gold North East Wine Challenge 2017
2016 Gewurtz. Gold North East Wine Challenge 2016
2017 Gewurtz. Gold North East Wine Challenge 2017
2017 Cabernet. Gold North East Wine Challenge 2018 (95 points equal top class)
2018 Gewurtz. Gold North East Wine Challenge 2018
2018 Cabernet. Gold North East Wine Challenge 2019 (95 points only Gold)
Listing description written by Ben McIntyre, Myrtleford Real Estate & Livestock — reproduced as published, not verified by Districts.