Gisborne at a glance
11,514
People
$970,000
Median sale
$642/wk
Median rent
3.44%
Suburb gross yield
Median sale from 141 recorded sales (last 12 months) — a Districts calculation.
VIC › Gisborne › Richey Promenade
$1,700,000–$1,799,500
For sale
Asking range
4
Bedrooms
2
Bathrooms
3
Car spaces
928 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
$1,700,000–$1,799,500
Asking range · $1,832/m² of land
No recorded sale for this property.
Gisborne at a glance
11,514
People
$970,000
Median sale
$642/wk
Median rent
3.44%
Suburb gross yield
Median sale from 141 recorded sales (last 12 months) — a Districts calculation.
Vs Gisborne
+75.3%
Median sale
Suburb $970,000
-1.48 pp
Gross yield
Suburb 3.44%
Suburb median $970,000 from 141 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.
$100,814 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.
Pre-filled with Gisborne'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 $642/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 2.0%. 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
Gisborne at a glance
11,514
People
$970,000
Median sale
$642/wk
Median rent
3.44%
Suburb gross yield
Median sale from 141 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Raine & Horne Gisborne**Inspections by appointment - Contact Agent**
A Masterpiece of Craftsmanship in the Heart of Gisborne
Commanding an enviable position overlooking Richey Promenade, in one of Gisborne's most sought-after pockets, this meticulously appointed 42 square (approx.) residence sets a new benchmark for luxury family living. Showcasing exceptional craftsmanship and timeless architectural design, every element of this home has been curated with uncompromising intent.
A Grand Arrival
From the moment you arrive, the home announces its calibre. Grand double entry doors, framed by ornate wrought iron inlays, open onto French Oak wide timber flooring - the first of countless premium finishes that define this residence of enduring sophistication.
The Parents' Retreat
At the heart of the home lies an expansive master suite designed as a true sanctuary. Indulge in a lavish Kinsman-crafted walk-in dressing room and a classically appointed ensuite featuring underfloor heating, dual vanity and a walk-in shower. Three further bedrooms, each with built-in robes and luxury wool carpets, offer comfort and space for family and guests, while a beautifully finished powder room adds everyday convenience.
A Showpiece Kitchen
Designed for those who love to cook, entertain and gather, the kitchen is nothing short of exceptional. A striking stone-draped island anchors a suite of premium Ilve & Miele appliances, including a 1.5m gas cooktop and dual ovens. A 'Shaws 1897' butler's sink and stone splash backs complete the space, while the butler's pantry - fitted with a Vintec wine fridge and secondary sink - brings both style and serious functionality.
Space to Live, Space to Entertain
Two separate living zones and a welcoming meals area offer flexibility for modern family life, all framed beneath 2.7m ceilings and a feature 5.4m architectural centrepiece. Square-set finishes sit alongside Victorian cornice detailing, with curated lighting throughout delivering warmth, ambience and refinement.
Practical luxury extends to a triple integrated garage with drive-through access, a well-planned mudroom, and a fully fitted laundry with abundant storage and a dedicated drying cupboard.
Outdoor Living, Elevated
Step outside to two covered alfresco spaces that extend the home's entertaining capacity - one accessed via large sliding doors that seamlessly invite the outdoors in, perfect for BBQs and gatherings with family and friends. A generous 4 x 7.5 metre powered and plumbed shed, plus an additional utility shed, delivers exceptional versatility for trades, projects or extra storage.
Additional Features
Three phase power
Dual multi-zone reverse cycle heating & cooling
Insulated glazed windows
Comprehensive data cabling & TV points
4,000L water tank
6-star energy efficiency
Beautifully landscaped gardens
Security system and cameras
A residence of rare quality and thoughtful design, this is a home that seamlessly blends luxury, comfort and functionality - crafted for those who value excellence in every detail.
A home that will impress on every level.
Listing description written by Rod Callins, Raine & Horne Gisborne — reproduced as published, not verified by Districts.