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VIC › Flora Hill › Race St

57 Race St, Flora Hill VIC 3550

House

$607,000

Last sold

6 Jan 2025

4

Bedrooms

2

Bathrooms

1

Car spaces

861 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • FactLast recorded sale $607,000 (6 Jan 2025).(Recorded sale)
  • FactLand 861 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Flora Hill (last 5 years) with land size: median $919/m² of land (n=82). 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

$607,000

6 Jan 2025 · derived via latest_sale

Local land rate: recorded House sales in Flora Hill (last 5 years) with land size have a median of $919/m² of land (n=82). Districts calculation from recorded sales — not a valuation.

Flora Hill at a glance

4,040

People

$635,000

Median sale

$460/wk

Median rent

3.77%

Suburb gross yield

Median sale from 40 recorded sales (last 12 months) — a Districts calculation.

See the full Flora Hill report →

Vs Flora Hill

-4.4%

Median sale

Suburb $635,000

+0.17 pp

Gross yield

Suburb 3.77%

Suburb median $635,000 from 40 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$607,0006 Jan 2025
  2. Listedprice unknowncompleted3 Dec 2024

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 $460/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

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

Flora Hill in one glance

Flora Hill at a glance

4,040

People

$635,000

Median sale

$460/wk

Median rent

3.77%

Suburb gross yield

Median sale from 40 recorded sales (last 12 months) — a Districts calculation.

See the full Flora Hill report →

Keep researching

  • Why Flora Hill? Read the area thesis →
  • What else is on the market in Flora Hill →
  • Other records on Race St →

Listing material

Listed by PH Property

SPACIOUS FAMILY HOME WITH STUNNING VIEWS & MODERN COMFORTS

This large four-bedroom, family home offers comfort, convenience, and captivating views of the Sacred Heart Cathedral and Bendigo. Positioned in a sought-after location, this property is ideal for those seeking a blend of modern updates, ample space, and low-maintenance living. The home is perfect for first home buyers, couples, families or the savvy investor.

The home consists of a spacious carpeted lounge at the front of the home, perfect for relaxing or entertaining. A large split system ensures year-round comfort, and a gas log fireplace adds warmth and ambiance. The updated kitchen is well-appointed featuring stone benchtops, electric hotplate, electric wall oven, a dishwasher, plenty of bench space and drawers, and there are tiled floors for easy maintenance. The adjacent dining space provides direct access to the deck via a glass sliding door. Enjoy alfresco dining with sweeping views over Bendigo and beyond. There are four bedrooms, the master being located at the rear is carpeted with a 6-door built-in robe. The other three bedrooms are carpeted, all have built in robes and all bedrooms have gas ducted heating, ensuring warmth throughout the cooler months.

The updated main bathroom features a shower over bath, suspended vanity, toilet and a 4-globe heat lamp. There is a second separate toilet for convenience. An added bonus is the shower room which also has a vanity and a 2-globe heat lamp. The laundry has also been updated and has good bench space, storage and a tiled floor.

Read the full description

Downstairs finds a versatile carpeted space ideal for a fifth bedroom, games room, or additional living area and has a sliding glass door for direct access to the front driveway.

There is a single garage with roller door for secure parking plus under-house storage for all your extra belongings.

Conveniently located just a short 5 minute walk to La Trobe University and Bendigo South East College, a few minutes’ drive to Kennington Village Shopping Centre and the CBD of Bendigo is just a 5-minute drive away.

This home offers a fantastic opportunity for first-home buyers or families looking to secure a well-maintained property in a desirable location.

For the investors, there is an estimated rental return of $500 - $520pw and a quick settlement is available. The home was previously let to Dentistry and Health Sciences students attending La Trobe University. Potential weekly rent of $220 per bedroom. You may want to re-instate this and reap the rewards.

With stunning views, modern updates, and ample space, this property won’t last long!

Contact Darren for more information or to arrange an inspection.

Listing description written by Darren Waters, PH Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Deck
  • Dishwasher
  • Fully Fenced
  • Gas Heating
  • Living Areas: 2
  • Rumpus Room
  • Toilets: 2

Also look at

Also for sale in Flora Hill

  • Race St, Flora Hill VIC 3550

    0-bed land. Asking $200K–$250K.

    For sale
  • 1 Wisteria Ct, Flora Hill VIC 3550

    3-bed house for sale. Asking $620K–$650K.

    For sale
  • 4/70 Somerville St, Flora Hill VIC 3550

    3-bed unit. Asking $500K–$530K.

    For sale
  • 6/103 Osborne St, Flora Hill VIC 3550

    2-bed unit. Asking $435K–$470K.

    For sale
Districts

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

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