Koroit at a glance
2,288
People
$665,000
Median sale
$544/wk
Median rent
4.25%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Koroit › Koroit Port Fairy Rd
4
Bedrooms
2
Bathrooms
2
Car spaces
2,116 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 Koroit (last 5 years) with land size have a median of $733/m² of land (n=26). Districts calculation from recorded sales — not a valuation.
Koroit at a glance
2,288
People
$665,000
Median sale
$544/wk
Median rent
4.25%
Suburb gross yield
Median sale from 13 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 $544/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.
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
Koroit at a glance
2,288
People
$665,000
Median sale
$544/wk
Median rent
4.25%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Homeseeka Real EstateThis gracious 1920's era period home, holds an important place in Koroit's history as an iconic establishment that served the community as a place of healing. Today, the home stands as a joy to behold and is a testament to the craftsmanship of its era with solid concrete walls and rendered exterior. Completely renovated throughout and sitting on a massive block of 2116m2, the home has been a treasure in one family's life for 57 years. A grand central arched hallway greets you as you enter the front door, 11-foot ceilings with wainscot panelling, and a delicate chandelier hangs before a massive archway, setting the scene for this grand residence. Every bedroom is large enough to be a master bedroom, with generous amounts of space and two bedrooms feature the original ornate cast iron fireplaces with tiled and detailed surrounds. A formal lounge and a formal dining area lead off the hallway, which crescendos into an extension encompassing a modern open plan living kitchen, dining and lounge that conveniently spills out to a raised undercover decked area. An island bench, stone bench tops, glossy white cabinetry, a gas cook top and two ovens plus a multitude of storage with everything and more at your fingertips is the ideal kitchen, perfect for catering to large gatherings. Tasmanian Oak timber floors provide warmth and are teamed with floor-to-ceiling windows that allow light to flood in and welcome beautiful vistas over the manicured garden of palms, hedged Buxus and flowering Camellias and beyond over countryside towards Port Fairy. A second shower and toilet are provided in the laundry space for added convenience. Recently the home has had a new colour bond roof installed and has been re-plumbed, re-wired, re-carpeted and freshly painted throughout. A newly laid concreted driveway leads to a double garage with the added bonus of a workshop or gym space. This delightful home is situated within the picturesque township of Koroit, located between Warrnambool and Port Fairy and is truly a home that you need to see to appreciate the scope and quality of works that have been carried out. This classic home represents an incredible once-in-a lifetime opportunity to own a piece of history. So rarely does a home of this significance come onto the market; it is our privilege to offer this home for sale by Expressions of Interest closing at 1pm 12 September 2022. Please contact our office for your personal inspection.
Listing description written by Paul Jellie, Homeseeka Real Estate — reproduced as published, not verified by Districts.
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