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VIC › Heathcote › Craven Cres

7 Craven Cres, Heathcote VIC 3523

For saleHouse for Sale

$695,000–$725,000

For sale

Asking range

5

Bedrooms

2

Bathrooms

6

Car spaces

3,566 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $695,000–$725,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $695,000–$725,000(Listing record · 22 July 2026)
  • FactLand 3,566 m²; no building size recorded.(Property record)
  • CalculationAsk is 12% above the Heathcote median recorded sale ($622,500, n=70, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Heathcote's advertised median rent ($412/wk), implied gross yield would be 3.08% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$695,000–$725,000

Asking range · $195/m² of land

No recorded sale for this property.

Heathcote at a glance

3,253

People

$622,500

Median sale

$412/wk

Median rent

3.44%

Suburb gross yield

Median sale from 70 recorded sales (last 12 months) — a Districts calculation.

See the full Heathcote report →

Vs Heathcote

+11.6%

Median sale

Suburb $622,500

-0.36 pp

Gross yield

Suburb 3.44%

Suburb median $622,500 from 70 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$695,000
Stamp Duty (Victoria)
$36,770
Transfer/Registration Fee
$1,731
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$737,201

$42,201 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Heathcote's advertised median rent — not a rent for this listing.

Net yield
1.58%
Annual cashflow (pre-tax)
$-25,141
Interest cover (DSCR)
0.30
Annual rent
$21,424
Operating expenses
$10,425
Loan amount
$556,000
Annual interest
$36,140
Gross yield
3.08%

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.

Open the full yield calculator →

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. Listed$695,000–$725,000available22 July 2026

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 $412/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

Gross yield if leased at the suburb aggregate is 3.1%. 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

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

Heathcote in one glance

Heathcote at a glance

3,253

People

$622,500

Median sale

$412/wk

Median rent

3.44%

Suburb gross yield

Median sale from 70 recorded sales (last 12 months) — a Districts calculation.

See the full Heathcote report →

Keep researching

  • Why Heathcote? Read the area thesis →
  • What else is on the market in Heathcote →
  • Other records on Craven Cres →

Listing material

Listed by PRD Bendigo

Space, Flexibility and Country Comfort

Set on approximately 3,566sqm in a peaceful Heathcote setting, 7 Craven Crescent presents a wonderfully versatile lifestyle property where space, privacy and everyday practicality come together with ease. Surrounded by established gardens and mature trees, the home enjoys a relaxed country atmosphere while remaining conveniently connected to Heathcote's township, schools, shopping and local amenities. With a spacious three-bedroom residence, a separate two-bedroom bungalow, extensive outdoor living and excellent shedding, this is a property designed to adapt beautifully to changing family needs.

A wraparound verandah gives the home an inviting sense of character, creating sheltered places to sit, unwind and enjoy the garden outlook. Inside, the main living zone feels warm and welcoming, with vaulted ceilings, exposed beams, floating timber floors and generous windows bringing light and openness into the space. A solid-fuel heater forms a natural focal point for winter evenings, while split-system heating and cooling, evaporative cooling and ceiling fans add practical comfort across the year.

The dining area flows naturally from the living room and sits beside the well-appointed kitchen, creating a connected everyday hub. The kitchen offers an excellent amount of workspace and storage, with stone benchtops, an island bench, gas cooktop, under-bench electric oven, dishwasher and a broad garden outlook from the sink.

Read the full description

The primary bedroom is privately positioned at one end of the home and provides a comfortable retreat with a walk-in robe and ensuite. Two additional bedrooms are located together along the opposite wing, both offering built-in storage and easy access to the central family bathroom. This spacious bathroom includes a corner spa bath, separate shower, large vanity and toilet, while a dedicated laundry adds further day-to-day functionality.

One of the property's standout features is its exceptional indoor-outdoor connection. The main living and dining spaces open onto an expansive covered timber deck, enclosed with café blinds to create a highly usable entertaining area in almost any weather. Generous enough for outdoor dining, lounge settings and family gatherings, it offers a wonderful extension of the home and a relaxed place to host friends, enjoy weekend barbecues or simply take in the peaceful surroundings.

Adding outstanding flexibility is the detached bungalow, comprising two bedrooms and a central lounge. With air conditioning and separation from the main residence, this additional space is ideal for extended family, older children, guests or a private work-from-home arrangement. Its position beside the large deck allows it to remain connected to the home while still offering occupants a genuine sense of independence.

Outside, the established grounds provide plenty of room to enjoy, with open lawn areas, garden beds, a fernery and mature plantings. Town water services the property, while water tanks assist with garden use. A 6.5kW solar system with 17 panels adds further practicality and may help reduce household energy costs.

Vehicle, workshop and storage needs are also well catered for. A double carport adjoins a substantial steel shed with a concrete floor and power, while additional Colorbond and garden sheds provide valuable space for tools, equipment, hobbies, trailers or recreational gear. For those who enjoy boating, fishing or weekends on the water, Lake Eppalock is within easy reach, and the property offers ample room to store everything needed for the lifestyle, including a large carport just for the caravan.

7 Craven Crescent is a property with genuine breadth and possibility. Whether enjoyed as a spacious family home, a multigenerational retreat or a lifestyle base close to Heathcote's shops, cafés, schools and surrounding natural attractions, it delivers the space and flexibility to settle in and make it your own.

Listing description written by Matt Ingram, PRD Bendigo — reproduced as published, not verified by Districts.

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.