Lake Wendouree at a glance
2,704
People
$680,000
Median sale
$433/wk
Median rent
3.31%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
VIC › Lake Wendouree › Drummond Street North
$665,000
Last sold
15 Sept 2021
4
Bedrooms
1
Bathrooms
1
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
$665,000
15 Sept 2021 · derived via latest_sale
Lake Wendouree at a glance
2,704
People
$680,000
Median sale
$433/wk
Median rent
3.31%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Lake Wendouree
-2.2%
Median sale
Suburb $680,000
+0.08 pp
Gross yield
Suburb 3.31%
Suburb median $680,000 from 17 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 $433/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
Lake Wendouree at a glance
2,704
People
$680,000
Median sale
$433/wk
Median rent
3.31%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McGrath BallaratPLEASE NOTE - Inspection Saturday 12.00pm - 12.30pm STRICTLY BY APPOINTMENT ONLY. Please call Tony on 0457 866 684 to register your attendance.
With current restrictions in place, inspection times are open to Regional Victoria only. You will be required to provide identification upon entrance to inspection. Masks are required and QR codes and sanitiser will be provided.
With a current planning permit to run your medical centre from this location, this is a highly versatile property in an outstanding location. Whether you wish to conduct business here or reside here in this premium Lake Wendouree location – you will enjoy all the benefits of living within walking distance of Lake Wendouree, the CBD and the Hospital precinct.
• A gorgeous Victorian terrace on the border of Lake Wendouree and Ballarat Central – a prime location.
• The home consists of 3 bedrooms plus a study which could easily be utilized as a 4th bedroom if required.
• The front tow bedrooms offer gorgeous east facing morning sun, with plantation shutters, with a built in robe in one and a fireplace in the other.
• Head on down the hallways to the open plan kitchen meals living room, which is supported by a gas heater and split system for heating and cooling.
• The timber kitchen offers a dishwasher, electric under bench oven, gas cooktop and an island bench for convenience.
• You're sure to be impressed by the stylishly renovated bathroom, with a freestanding bath and a walk in shower.
• The laundry has also been renovated, and compliments the bathroom transformation.
• Just a few hundred meters from both St John of God and the Ballarat Base Hospitals, and boasting a current planning permit to run a medical practice from the premises if desired.
• A short walk to both Lake Wendouree, and the Ballarat CBD, with many wonderful café options in the vicinity.
• Situated on approximately 280sqm with rear access into the single remote roller carport from Fore Street.
• Contact Daniel or Tony today to arrange your private inspection.
Listing description written by Daniel Nestor, McGrath Ballarat — reproduced as published, not verified by Districts.
Also look at
10B Grove St, Lake Wendouree VIC 3350
0-bed land for sale. Asking $995K–$1.08M.
3/1320 Gregory St, Lake Wendouree VIC 3350
3-bed townhouse. Asking $1.1M–$1.13M.
25-27 Burnbank St, Lake Wendouree VIC 3350
5-bed house. Asking $3M–$3.3M.
122B Burnbank St, Lake Wendouree VIC 3350
3-bed house for sale. Asking $1.35M–$1.4M.