Marong at a glance
2,165
People
$680,000
Median sale
$481/wk
Median rent
3.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
VIC › Marong › Edwards Rd
$880,000
Last sold
5 Feb 2021
4
Bedrooms
2
Bathrooms
15
Car spaces
80,937.128 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
$880,000
5 Feb 2021 · derived via latest_sale
Local land rate: recorded House sales in Marong (last 5 years) with land size have a median of $915/m² of land (n=120). Districts calculation from recorded sales — not a valuation.
Marong at a glance
2,165
People
$680,000
Median sale
$481/wk
Median rent
3.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Vs Marong
+29.4%
Median sale
Suburb $680,000
-0.84 pp
Gross yield
Suburb 3.68%
Suburb median $680,000 from 23 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
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 $481/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
Marong at a glance
2,165
People
$680,000
Median sale
$481/wk
Median rent
3.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by PH PropertyWe are delighted to showcase this classic property, one of a handful of homesteads in the Marong district retaining the rich history of a strong farming heritage from years gone by. This property still offers great scope for an additional income and an obvious lifestyle change with the luxury of a short drive to Bendigo! The 20-acre (approximately) property has frontage to Bullock Creek, the soil consist of mostly a good sandy loam from the surrounding creek flats, there's an extraordinary amount of shedding and a 10.5mgl water right; an in-ground pool, tennis court and much more.
On entry, behind the established grounds, lush greenery and towering pine trees is this lovely 1930's homestead which boasts big rooms, high ceilings, wide passageways and a large extension; original veranda and eaves for protection from the enduring sun. There are four carpeted bedrooms, all have built-in-robes; the master forms part of the extension, it is quite large and boasts a modern bathroom with hung vanity, toilet and walk-in shower and its own smaller living space or vestibule which has access to the pool area.
Living space consists of the original lounge room which boasts a lovely corner window, picture rails, open fireplace with featured mantel - it really is a lovely room. The central hub connects the newer extension and the original homestead. There is the timber kitchen which features a 900mm stainless cooker, dishwasher, lots of cabinetry and a small commercial cool-room. Adjacent is the light and bright meals area which takes in the morning sun and looks out towards the lovely established grounds.
To the other side of the kitchen is the huge main living space which is 6.3m x 7.8m in size and will fit plenty of people for any occasion. There are colonial windows, a large fireplace, a large reverse-cycle split-system and there's a bar (yes, a classic bar that serves drinks) dividing the kitchen and family rooms.
The huge family bathroom and laundry are nearby with external access; the toilet is separate, and everything is well spread-out.
Outside is the large inground pool (with small pump-house) which is fenced with extensive paving, there's a full-size and fully fenced tennis court with night lights and it's own gazebo. At the end of the large living space there is a double carport (offering covered access to the house).
Practically speaking, this property has everything:
2 x 22,500lt rainwater tanks (both connected to each other with a pressure-pump).
10.5mgl Water Right direct to dams
2 x dams - all both a reasonable size, one has a pressure pump - connected to a well close to the house
Large sprinklers for the front grounds around the home
Shed 1 - 23m x 11m powered, mechanics pit, sliding doors all one side
Shed 2 - 15m x 8m powered with 3 stables and a tac room
Other sundry sheds, an old bungalow... the list goes on.
Established trees surrounding the home and lovely large gums aligning the creek and other parts of the allotment.
THE FACTS:
The surrounds are irreplaceable and the home is beautiful, it just needs some structural / cosmetic work inside to get it back to its original grandeur.
The grounds and outbuildings are mostly in good order, improvements could be done.
The property is only 15 mins to Bendigo and an easy commute to Melbourne.
There is great scope for viticulture, hobby farming or other income - the soil is excellent and the 10.5mgl water right is plenty for this land parcel.
Properties like this cannot be replicated, they are made over time and limited in numbers. Acreage, period charm, plenty of extras and location.
Please contact Brad Hinton for further details and an inspection time for qualified buyers.
Listing description written by Brad Hinton, PH Property — reproduced as published, not verified by Districts.