Spring Farm at a glance
12,141
People
$1,137,000
Median sale
$755/wk
Median rent
3.45%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
NSW › Spring Farm › Spring Farm Dr
$1,590,000
Last sold
5 July 2024
5
Bedrooms
3
Bathrooms
2
Car spaces
603 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
$1,590,000
5 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Spring Farm (last 5 years) with land size have a median of $2,630/m² of land (n=100). Districts calculation from recorded sales — not a valuation.
Spring Farm at a glance
12,141
People
$1,137,000
Median sale
$755/wk
Median rent
3.45%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Vs Spring Farm
+39.8%
Median sale
Suburb $1,137,000
-0.98 pp
Gross yield
Suburb 3.45%
Suburb median $1,137,000 from 75 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
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $755/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Spring Farm at a glance
12,141
People
$1,137,000
Median sale
$755/wk
Median rent
3.45%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McLaren Real EstateOwing to its sleekly modern aesthetic, high-quality finishes and impressive, detail-oriented design sensibilities, this gorgeous custom-built, 39-square home boasts an air of elegance and casual superiority that places it head and shoulders above its contemporaries. 57 Spring Farm Drive sits in a quiet pocket of Spring Farm, directly opposite the Springs Lake and local parks, and just around the corner from local cafes, Spring Farm Public School, and Spring Farm Shopping Centre.
Sweeping, square-set 10 ft ceilings and beautiful dark timber flooring set an immediate tone of sophistication and comfort, which is apparent right from the entry and all the way through to the backyard. The entry hall leads you beyond the formal dining and pleasant theatre rooms and on through to the kitchen, family, and casual dining core.
This open-plan area is incredibly spacious and pleasantly bright, appreciating a free-flowing indoor/outdoor connection. The kitchen in particular is quite stunning, sporting thick 80mm Smartstone benchtops; sleek slow-close cabinetry all around; a 900mm gas cooktop and oven, built in Bosch coffee machine; and butler’s pantry.
The kitchen also serves effortlessly through its serving window to the excellent alfresco entertaining area, providing quality hosting all year round. This timber decked space is private and well-supplied by heaters, ceiling fans and electric roller shutters blinds, and sits directly alongside the glass-fenced pool-sized swim-spa with additional audio capabilities. The backyard beside it is simple and easily managed, whilst the double garage offers significant drive-through access to an extended, pergola-shaded area.
Bedrooms are comfortably sized and feature built-in wardrobes, fans, and ducted air conditioning, whilst the master boasts an ensuite and walk-in wardrobe. Additionally, you’ll find great value in the upstairs bedroom loft, complete with walk-in wardrobe and ensuite, which is perfect space for teenagers to call their own.
Packed with quality-of-life features, impressive finishes and solid construction, this custom-built beauty is bound to exceed your expectations. Give McLaren Real Estate a call today to discover more.
Features include:
• Land size – 603 square metres; House size – 39.64 squares
• Excellent family-friendly location, directly opposite the Springs Lake and accompanying parks and walking-tracks, close to Spring Farm Public School and Spring Farm Shopping Centre
• Freshly sealed driveway and remote-controlled double garage with drive-through access to pergola-shaded area
• Abundance of additional storage options throughout the home
• 14kW, 32 Panel Solar system; 8-camera security system; Crimsafe doors
• Timber-decked entertaining area with serving window access from kitchen; pool-sized swim-spa with audio capabilities and poolside bathing area
• Unique loft bedroom with walk-in wardrobe and ensuite
• U0ft ceilings
• Alfresco electric roller shutters
• Electric internal shear curtains
Disclaimer:
All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Listing description written by Bernard Menassa, McLaren Real Estate — reproduced as published, not verified by Districts.