Creswick at a glance
3,290
People
$580,000
Median sale
$380/wk
Median rent
3.41%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
4
Bedrooms
2
Bathrooms
0
Car spaces
1,019 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
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Creswick (last 5 years) with land size have a median of $624/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Creswick at a glance
3,290
People
$580,000
Median sale
$380/wk
Median rent
3.41%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
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 $380/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.
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
Creswick at a glance
3,290
People
$580,000
Median sale
$380/wk
Median rent
3.41%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Buxton BallaratSet In the heart of Creswick is this classic historic residence with shopfront attached offering a rare yet sought after opportunity for a quality historic residence with shopfront and business opportunity.
Since the 1880’s this original bank with managers residence known as 55 Albert Street has stood sentinel to the growth of Creswick from a post Goldrush town, through Federation, greeting the troops back from WW1, throwing petals from Camellia bush at returning soldiers to the present where Creswick has become a destination for many seeking a quality lifestyle in a vibrant and inclusive community.
Currently operating with a business in its shopfront with the residence as a separate Airbnb this property is being sold either in its current operation or vacant possession allowing flexibility for the new owners.
The residence is superb. It offers so much scope either as an Airbnb, residence or other uses such as Restaurant, Wine bar with its enchanting courtyard space or just as an inner-city residence of Historic Charm.
The shop itself features great street appeal with its original shopfront with balustraded Parapet, string course, pilasters with console brackets providing great historic appeal while comprising showroom, original bank vault and office with toilet facilities and can have direct access through to residence or can be easily secured as two separate entities.
The entrance to the residence is private and secure being accessed from Albert St through the handmade metal gates made by a local artist and admired by many albeit locals or tourists alike.
The residence offers 4 bedrooms, master with original fireplace and mantle, formal lounge with original cast iron insert and timber mantle. The bathroom has been renovated with separate bath and shower while the rear family area with combustion nectre wood fire comprises meals and living overlooked by the modernised kitchen with stone bench top and gas cooking.
A private courtyard is accessible via the double doors from the rear living zone and formal entrance and feels like inner city Brunswick esq and offers for residence a great area to relax, or for a business a great outdoor area for dining or entertaining and is currently set up as a food forest with seasonal veggies.
The rear yard is accessible from the family/kitchen area and boasts a plethora of fruit trees such as quince, pears, apples, plums and lime and has rear lane access to Cambridge Street and is set on a generous 1019M2 allotment.
An inspection will not disappoint.
We are honoured to offer this property for sale and inspections via appointment only or gazetted open homes each Saturday. Call Matthew for further information.
Listing description written by Matthew Stevens, Buxton Ballarat — reproduced as published, not verified by Districts.