Pennyroyal at a glance
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Median sale
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Median rent
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Suburb gross yield
VIC › Pennyroyal › Pennyroyal Station Rd
$2,200,000–$2,400,000
For sale
Asking range
13
Bedrooms
6
Bathrooms
13
Car spaces
105,218.267 m²
Land
Districts View
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
$2,200,000–$2,400,000
Asking range · $21/m² of land
No recorded sale for this property.
Pennyroyal at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
Based on the low end of the asking range, not a contract price.
$130,314 on top of the price (5.9% 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.
No rent is recorded for this listing. Enter a weekly rent to model yield.
Enter a purchase price and weekly rent to calculate yield.
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 and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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.
0 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
UnknownNo advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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
Pennyroyal at a glance
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Median sale
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Median rent
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Suburb gross yield
Listing material
Listed by For Sale By OwnerThe Phone Code for this property is: 55405. Please quote this number when phoning or texting.
"Hidden Cabins" presents a rare opportunity to acquire an ESTABLISHED freehold accommodation business with significant scope for expansion - with the advantages of being a part of the Otway forest, less than 20 minutes from the coastal magnet of Lorne.
The 26-acre property currently operates five well-positioned, fully self-contained two-bedroom cabins; and all five cabins are currently rented out through Airbnb. Simple turn-key handover so income continues for the new owners.
This property has a number of income streams - as explained in the property's COMMERCIAL sales listing. Please read that listing and/or contact us for information on how this business and home is surprisingly very affordable as a family home.
Every cabin enjoys its own deck with tranquil forest views, reverse-cycle heating and cooling, and a peaceful sense of seclusion that guests actively seek out - driving strong repeat visitation and year-round demand.
The property has a charming three-hole golf course, walking tracks, natural picnic areas, gardens, a dam and a fresh water creek - all adding to the guest experience and revenue appeal.
The abundant bird life features King Parrots, rare bower birds, black cockatoos and kookaburras that eat from your hands. The wild life includes echidnas, kangaroos and wallabies, which are usually seen on the property daily.
The 150-square meter large central shed, presently set up for customer games, has a lot of potential for "weddings, parties, anything".
A second large shed near the homestead functions as equipment-storage and further workshop space.
Beyond the existing accommodation, the property offers exceptional upside. With generous acreage, established access roads, and existing infrastructure in place, there is clear potential to:
• Add additional cabins or eco-lodges (STCA),
• Introduce glamping, weddings, or premium retreat offerings,
• Expand experiences such as wellness retreats, events, or nature-based tourism,
• Further develop the existing grounds to increase guest length-of-stay and yield.
By exceptional circumstances, the cabins have a very rare permit stating permanent occupancy is allowed.
This means that not only can the cabins;
(a) be rented short term, via eg AirBNB,
(b) They can also be rented out individually to all-year-round tenants. Meaning even less responsibilities for the owners, if desired.
(c) And the most financially beneficial aspect of such a permit is that the cabins could be sold off via leaseholds with their own land, under long term leases.
This effectively gives the new owners the potential for selling (or providing to family) 6 separately-housed properties.
Privately set within its own enclave sits the owner's residence, allowing seamless onsite management while remaining completely separate from guest accommodation. The well-built, single-level home features three generous bedrooms, a central modern bathroom, a blackwood kitchen with sunlit dining area, and a spacious living zone warmed by a wood fire, creating a sanctuary at the end of the working day.
Whether you're an experienced accommodation operator, a lifestyle buyer seeking a proven income stream, or an investor looking to scale a unique tourism asset in one of Victoria's most tightly held regions, Hidden Cabins represents a compelling blend of immediate return, lifestyle freedom, and long-term growth.
Walk-In, Walk-Out: Offered on a fully turnkey basis, the property includes all furniture, fixtures, and operational inventory necessary to maintain uninterrupted trading from day one.
This is more than a home - it's a destination, a business, and a future-proof opportunity in one of the Otways' most beautiful hidden pockets.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Listing description written by For Sale By Owner (Commercial), For Sale By Owner — reproduced as published, not verified by Districts.
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