Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Cardigan › Ballarat Carngham Rd
$1,450,000–$1,500,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
8
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
Asking
$1,450,000–$1,500,000
Asking range · $18/m² of land
No recorded sale for this property.
Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Cardigan
+147.0%
Median sale
Suburb $587,000
-2.70 pp
Gross yield
Suburb 4.54%
Suburb median $587,000 from 13 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.
$86,947 on top of the price (6.0% 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 Cardigan'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 $512/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 1.8%. 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
Cardigan at a glance
3,086
People
$587,000
Median sale
$512/wk
Median rent
4.54%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Roof Real EstateThe Roof Real Estate presents the ultimate operational base for trades, transport operators, and serious landholders. Located at 940 Ballarat-Carngham Road, Cardigan, finding 8 Hectares (20 Acres) of clear, flat, and usable land this close to major arterials is rare. Finding it with this level of established infrastructure is exceptional.
This is not just a home; it is a purpose-built haven for those who need space to move, work, and store large machinery.
THE ULTIMATE TRADIE HQ:
The Workshop: A massive main shed fully equipped with workbenches-the ideal headquarters for a mechanic, fabricator, or business owner.
Serious Storage: Two additional high-clearance farm sheds ensure all your excavators, floats, trucks, and recreational vehicles remain secure and undercover.
THE LAND & LIFESTYLE:
100% Usable: Notable for being flat and clear, the acreage is divided into 5 manageable paddocks with electric fencing and supported by two large dams. Perfect for horses, livestock, or heavy vehicle logistics.
The Residence: A solid, expansive 4-bedroom, 2-bathroom family home sits centrally on the block. It offers a peaceful rural sanctuary just a stone's throw from the noise of the city.
THE INVESTMENT CASE:
Growth Zone Proximity: Positioned on the fringe of the Ballarat North-West Growth Area and minutes from the Ballarat West Employment Zone (BWEZ), this property offers excellent capital appreciation potential.
Best of Both Worlds: Enjoy the silence of rural living while being just 10km from the thriving Lucas Shopping Centre.
KEY DISTANCES:
Future Shopping Centre (2026): 8km (Coles & Retail)
Lucas Precinct: Coltman Plaza & Community Health (10km)
Delacombe Shopping Centre: 11.8km
Education: Ballarat Clarendon College (12.9km) & Ballarat Grammar (14.6km)
Lifestyle: Lake Wendouree (14km) & Ballarat CBD (14.7km)
Infrastructure. Acreage. Opportunity.
Contact on - Preet Singh on 0435 726 228 E: preet.singh@theroofrealestate.com.au
Calvin Sharma on 0436 345 007 E: calvin@theroofrealestate.com.au
Harpreet Mangat on 0416 412 414 E: mangat@theroofrealestate.com.au
For a Due Diligence Checklist, please refer to the following link: http://www.consumer.vic.gov.au/duediligencechecklist.
DISCLAIMER: All dimensions provided are approximate. The information given is for general purposes only and does not constitute any representation by the vendor or agent.
PLEASE NOTE: Open for inspection times and property availability is subject to change or cancellation without notice. Please check with the agent or online on the day of Inspection.
By enquiring on this property you agree to receive regular property updates and marketing communication from The Roof Real Estate. You may unsubscribe at any time.
Listing description written by Calvin Sharma, The Roof Real Estate — reproduced as published, not verified by Districts.
Also look at
22 Maxwell St, Cardigan VIC 3352
5-bed house for sale. Asking $1.2M–$1.25M.
19 Mcgrath Tce, Cardigan VIC 3352
4-bed house. Asking $885K–$925K.
183 Blind Creek Rd, Cardigan VIC 3352
5-bed house. Asking $1.8M–$1.9M.
254 Blind Creek Rd, Cardigan VIC 3352
5-bed house for sale. Asking $1.75M–$1.85M.