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.
VIC › Flora Hill › Wallace Ave
$550,000–$595,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
3
Car spaces
520 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
Asking
$550,000–$595,000
Asking range · $1,058/m² of land
No recorded sale for this property.
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.
Vs Flora Hill
-13.4%
Median sale
Suburb $635,000
+0.58 pp
Gross yield
Suburb 3.77%
Suburb median $635,000 from 40 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$33,161 on top of the price (6.0% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Flora Hill's advertised median rent — not a rent for this listing.
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.
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 $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.
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.
Gross yield if leased at the suburb aggregate is 4.3%. 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
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
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.
Listing material
Listed by PRD BendigoSet within one of Flora Hill's most convenient and established pockets, 6 Wallace Avenue presents a character-filled brick home with generous living spaces, a secure rear yard and outstanding access to education, recreation and the Bendigo CBD. Positioned on approximately 520sqm, the property offers an appealing opportunity for first home buyers, downsizers, investors or those looking to add their own touches to a home with warmth, personality and a practical everyday layout.
A charming front garden and sheltered porch introduce the home, while the solid brick exterior and tiled roof provide an enduring streetscape presence. Inside, polished timber floors, high ceilings, decorative cornices and original timber detailing celebrate the home's character, creating an inviting foundation that can be enjoyed as it is or further enhanced over time. A wired security system provides an additional layer of peace of mind.
The spacious living room sits toward the front of the residence, complete with a brick fireplace and wood heater. Ducted gas heating and evaporative cooling offer practical climate control throughout the seasons, while wide openings connect the living area with the adjoining dining room. The dining space is generously proportioned and flexible enough to incorporate a study or work-from-home zone without compromising room for family meals.
The kitchen retains a functional and characterful design, featuring extensive cabinetry, good bench space and a freestanding 600mm gas cooker. Positioned close to the dining room and with easy access to the rear of the home, it provides a practical hub, while also offering plenty of potential for those wishing to update or personalise.
Two well-sized bedrooms are positioned along the central hallway, including a generous primary bedroom with built-in storage. The second bedroom also includes built-in robes, while the central bathroom features a bath, separate shower and vanity. A separate toilet, dedicated laundry and useful mudroom add further convenience, with the mudroom connecting directly to the rear patio and carport.
Outside, the secure backyard provides plenty of space for children, pets or gardening. Established greenery creates a private and welcoming setting, while a programmable, fully automatic irrigation system makes maintaining the lawns and gardens simple. The covered patio offers a sheltered place to sit outdoors, while a generous folding-frame wall-mounted clothesline is conveniently positioned along the side of the home.
A carport, gated driveway and multiple storage sheds, including substantial shedding of approximately 4m by 6m, provide excellent practicality for vehicles, tools, hobbies and general storage.
The location adds another layer of appeal, with La Trobe University, Bendigo South East College, Kennington Village, sporting facilities and local parks all within easy reach. Bendigo Marketplace, Bendigo Health and the city centre are also conveniently accessible, making this an ideal base for those who value established surroundings and straightforward access to everyday essentials.
Full of warmth, character and future possibility, 6 Wallace Avenue is a wonderfully liveable Flora Hill property with the space, setting and potential to suit a wide range of buyers.
Listing description written by Reuben Meyer, PRD Bendigo — reproduced as published, not verified by Districts.