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VIC › Woodend › Forest St

48 Forest St, Woodend VIC 3442

For saleHouse for Sale

$1,950,000–$2,145,000

For sale

Asking range

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,950,000–$2,145,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,950,000–$2,145,000(Listing record · 28 Oct 2025)
  • CalculationAsk is 77% above the Woodend median recorded sale ($1,100,000, n=27, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Woodend's advertised median rent ($585/wk), implied gross yield would be 1.56% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$1,950,000–$2,145,000

Asking range

No recorded sale for this property.

Woodend at a glance

6,775

People

$1,100,000

Median sale

$585/wk

Median rent

2.77%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Woodend report →

Vs Woodend

+77.3%

Median sale

Suburb $1,100,000

-1.21 pp

Gross yield

Suburb 2.77%

Suburb median $1,100,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,950,000
Stamp Duty (Victoria)
$107,250
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$2,064,564

$114,564 on top of the price (5.9% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Woodend's advertised median rent — not a rent for this listing.

Net yield
0.06%
Annual cashflow (pre-tax)
$-100,230
Interest cover (DSCR)
0.01
Annual rent
$30,420
Operating expenses
$29,250
Loan amount
$1,560,000
Annual interest
$101,400
Gross yield
1.56%

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.

Open the full yield calculator →

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. Listed$1,950,000–$2,145,000available28 Oct 2025

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 $585/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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

Gross yield if leased at the suburb aggregate is 1.6%. 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

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

Woodend in one glance

Woodend at a glance

6,775

People

$1,100,000

Median sale

$585/wk

Median rent

2.77%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Woodend report →

Keep researching

  • Why Woodend? Read the area thesis →
  • What else is on the market in Woodend →
  • Other records on Forest St →

Listing material

Listed by Keatings Real Estate

“Hounslow” Circa 1870 A Victorian Grand Residence on Half an Acre (approx.) in the Heart of Town – Truly a Unique Offering

Step inside to an era when beauty, quality and fine craftmanship were paramount. This elegant double fronted Victorian timber classic home features traditional high ceilings, coloured leadlight glass panels, ornate ceiling roses with chandeliers, grand bedrooms, and no less than five working open fire places with mantles – all of this on a half acre (approx) block of land right in the very heart of Woodend.

The extensive and long-established gardens create a private and tranquil oasis just steps away from Woodend’s High Street and feature a rich variety of trees, shrubs, flowers and bulbs typical of an older-style Woodend property - pleasant surprises emerging throughout the seasons as Mother Nature works her magic year after year.

The home is approached by a sweeping apple tree-lined driveway which leads to the covered double carport at the rear. The western garden runs alongside a delightful covered al fresco terrace which can be accessed from the kitchen or via twin sets of French doors from the main entertaining rooms. The alfresco terrace is a peaceful place for quiet contemplation, reading, listening to birdlife, or for gatherings with friends.

Read the full description

The 3 bedrooms are breathtaking in their architectural intricacies. Tastefully painted and appointed, with enchanting light fixtures and generous original sash windows, they exude an aura redolent of Victorian times, but yet are warm and inviting in today’s world. All bedrooms are accessed off the wide central hallway.

The grand main bedroom has a large walk-in robe and ensuite. The other two bedrooms are similarly grand in their proportions and have peaceful garden views. The combined formal sitting room and dining room (formerly a fourth bedroom and sitting room) are graced by a magnificent archway and have been used many times for musical concerts and opera performances over the years. With gas ducted heating throughout the house, in addition to the open fireplaces, the home is warm and cosy in the colder months but cool and airy during summer.

The spacious open-plan kitchen and informal dining area was modernised some years ago and features a large walk-in storeroom and separate pantry. An old wood combustion oven, still in working order, is another reminder of bygone days. Through a timber doorway is a second bathroom (bath and shower) and nearby is a separate toilet. Adjoining is a big laundry room with loads of storage space.

“Hounslow” has been lovingly and comprehensively restored by the current owner during their 25 year custodianship of the grand old home and is wonderfully charming and comfortable in its present state, but still leaves scope for updates, personal touches or other modernisation or enhancement as desired.

Given the land size and its special location so close to everything that Woodend offers, some buyers might consider a refurbishment, an extension or subdivision (Subject to Council Approval). But with such a warm ambience and so many enchanting and appealing features, other buyers may well consider this to be a rare opportunity to treasure and enhance a Victorian jewel and its gardens, certainly one of the last Victorian-era homes on such a big block in the Woodend township.

Listing description written by Ray Cashmore, Keatings Real Estate — reproduced as published, not verified by Districts.

Districts

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

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