Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

VIC › Heywood › Milltown Mission Rd

464 Milltown Mission Rd, Heywood VIC 3304

Rural Property

4

Bedrooms

2

Bathrooms

0

Car spaces

785,090.146 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLand 785,090 m²; no building size recorded.(Property record)
  • CalculationRecorded Rural Property sales in Heywood (last 5 years) with land size: median $20/m² of land (n=13). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

No recorded sale price for this property yet.

Local land rate: recorded Rural Property sales in Heywood (last 5 years) with land size have a median of $20/m² of land (n=13). Districts calculation from recorded sales — not a valuation.

Heywood at a glance

1,773

People

$350,000

Median sale

$347/wk

Median rent

5.16%

Suburb gross yield

Median sale from 22 recorded sales (last 12 months) — a Districts calculation.

See the full Heywood report →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Soldprice unknown16 June 2023
  2. Listedprice unknowncompleted3 Feb 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $347/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Heywood in one glance

Heywood at a glance

1,773

People

$350,000

Median sale

$347/wk

Median rent

5.16%

Suburb gross yield

Median sale from 22 recorded sales (last 12 months) — a Districts calculation.

See the full Heywood report →

Keep researching

  • Why Heywood? Read the area thesis →
  • What else is on the market in Heywood →
  • Other records on Milltown Mission Rd →

Listing material

Listed by Charles Stewart Warrnambool

Small Farm & Lifestyle

Lot 2 - "Refriag of 194 Acres / 70.85HA (Lots 1 & 3 adjoining are listed separately)

*Rustic and character filled 4 bedroom timber home, sunlit lounge and separate family room, 2 bathrooms, set in a delightfully established garden surrounds.

*Attractive 10 Acre / 4.6HA wetlands located close to the home for recreational and stockwater purposes. Sundry machinery and hay shedding. Former dairy converted to cattleyards.

Read the full description

* Fertile undulating country with excellent subdivision of 17 paddocks.

Ideally suited as a productive standalone small cattle property with the home set in idyllic surrounds.

LISTING DETAILS AS A WHOLE OR IN 3 CONTINGENT SEPARATE LOTS:

AREA: 576 Acres / 233 HA (Multiple Titles)

LOCATION: 1171 Condah/Ettrick Road, Heywood. Heywood (pop. 1,000) is the closest service center 15km to the south-west which provides all day to day services including health, schooling, retail and agricultural. Notably the deep sea port of Portland (pop. 10,000) is 50km which provides fertilizer inbound and live cattle exports and grain outbound. Centrally situated to all major regional centers - Warrnambool (91km), Hamilton (50km) and Mt Gambier (102km).

SERVICES: School bus at gate for kindergarten, primary and secondary schools at Heywood but all Hamilton Private schools 4.6 km at Henty Highway. Garbage collection at gate, papers and mail 5 days per week. Grocery deliveries at gate.

TENURE: Unspecified amount of 99 year unused road lease

IMPROVEMENTS: Main home:

Elevated encapsulating magnificent views of the property is a spacious cement sheet construction family home which has been significantly renovated in recent times. Comprising of 4 double bedrooms all with BIR's accessed from central hallway (with large storage cupboards). Master bedroom with renovated large ensuite and centrally situated renovated family bathroom with bath and separate shower unit. North facing open plan large living room renovated with smart glass windows (as is most of the home) with new sliding doors opens onto an elevated timber wide deck (4m). Living room features outstanding north and easterly facing rural and farm views and slow combustion wood heater and new R/c Air conditioner (4 years old). Adjacent is an open plan kitchen renovated 3 years ago, again with delightful rural farm views with as new 3 yr old Smeg double self-cleaning SS wall oven and 4 burner ceramic cook tops. As new 3 yr old SS Bosch dishwasher, twin fridge cavity, twin sinks, island bench for food preparation purposes and breakfast bar to seat 4. Renovated laundry with under bench washer & drier. Easterly facing timber verandah leading to new garage with roller doors (electric). Home has been re-stumped (3years ago & new gutters) and newly insulated double bats in roof. Fully fenced/side yard which is dog proof. Extensive easy care low maintenance principally native garden with roses, vegie garden and small orchard. 2 poultry sheds. Second garage (single) and small workshop & garden shed (power & lights) is situated close by as is woodshed. 6 bay GI implement shed (7m x 28m open fronted (7 bays) including built in tack room and horse wash bay.

Farming Improvements

Fully equipped 23 A/S H/B dairy set up for one person operation, DeLaval milking plant and variable vacuum pump. 16,000L DeLaval Milk Vat. 380 cow yard. Collared cow herd (June 2022, Waikato brand Ned App Cow Collars) with auto draft with easy dairy computer system monitoring herd health and fertility ($189,000 investment 2022). 3 pond effluent system - Southern Cross pump on 3rd pond can irrigate via travelling irrigator assists with autumn break or supplements fodder crop. Undercover AI race/vet yard with 30 head capacity & 9 in AI race. New heavy duty vet crush. Large capacity automated feed system at dairy with variable speed feed heads comprising of 220 ton capacity on farm grain storage (3 silos), canola silo (30 ton) and feed silo with grain disc mill. Easy b double access to dairy and shedding for milk and hay deliveries. B double access to paddocks on Mission Road for feed purposes. As new “Action” (5 yrs old, 32m x 15m x 6m) steel fabricated open fronted hay and feed shed with 800 large square bale capacity. Substantial limestone hard stand area around shedding and dairy. Staff amenities include standalone single persons quarters, bedroom and bathroom. As new purpose built galvanized iron 10 bay calf shed 100 head capacity (6m x 40m open-fronted with earthen floor), troughs throughout and 20 ton pellet silo. The calf shed is strategically situated to 4 purpose built calf paddocks. (Bega Better Farm Practices). Substantial post and rail cattle yards with easy year round b double access.

WATER: Sub pump on bore near dairy with as new pump (2 yrs ago) supplies dairy water for plate cooler & wash down purposes and can supplement stock water if required via 40ml poly piping. This diameter piping runs in a loop throughout the property. Main stock water is sourced f

Listing description written by Nick Adamson, Charles Stewart Warrnambool — reproduced as published, not verified by Districts.

Also look at

Also for sale in Heywood

  • 1881 Princes Hwy, Heywood VIC 3304

    2-bed house for sale. Asking $250K.

    For sale
  • 7 Carey St, Heywood VIC 3304

    0-bed land. Asking $125K.

    For sale
  • Lot 3 LP70892 Kentbruck Rd, Heywood VIC 3304

    0-bed land. Asking $650K.

    For sale
  • 96 Dawsons Ln, Heywood VIC 3304

    4-bed rural property for sale. Currently listed.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.