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VIC › Drouin › Compass St

Lot 271 Compass St, Drouin VIC 3818

For saleHouse

$749,598

For sale

Asking

4

Bedrooms

2

Bathrooms

0

Car spaces

347 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $749,598 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $749,598(Listing record · 5 Aug 2026)
  • CalculationRecorded House sales in Drouin (last 5 years) with land size: median $1,005/m² of land (n=52). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 15% above the Drouin median recorded sale ($654,000, n=56, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Drouin's advertised median rent ($540/wk), implied gross yield would be 3.75% — 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

$749,598

Asking · $2,160/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Drouin (last 5 years) with land size have a median of $1,005/m² of land (n=52). Districts calculation from recorded sales — not a valuation.

Drouin at a glance

16,837

People

$654,000

Median sale

$540/wk

Median rent

4.29%

Suburb gross yield

Median sale from 56 recorded sales (last 12 months) — a Districts calculation.

See the full Drouin report →

Vs Drouin

+14.6%

Median sale

Suburb $654,000

-0.54 pp

Gross yield

Suburb 4.29%

Suburb median $654,000 from 56 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$749,598
Stamp Duty (Victoria)
$40,046
Transfer/Registration Fee
$1,857
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
$795,201

$45,603 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

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

Net yield
2.25%
Annual cashflow (pre-tax)
$-22,143
Interest cover (DSCR)
0.43
Annual rent
$28,080
Operating expenses
$11,244
Loan amount
$599,678
Annual interest
$38,979
Gross yield
3.75%

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$749,598available5 Aug 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 $540/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 3.7%. 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

Drouin in one glance

Drouin at a glance

16,837

People

$654,000

Median sale

$540/wk

Median rent

4.29%

Suburb gross yield

Median sale from 56 recorded sales (last 12 months) — a Districts calculation.

See the full Drouin report →

Keep researching

  • Why Drouin? Read the area thesis →
  • What else is on the market in Drouin →
  • Other records on Compass St →

Listing material

Listed by Turnkey Real Estate Group

Titled 4 Bedroom Turnkey Home in Drouin - Fixed Price $749,598

LOT 271 COMPASS STREET, DROUIN

$749,598 | 4 Bedrooms | 3 Bathrooms | 2 Car Garage | 347m² Block

THE PROPERTY

Read the full description

This single storey home carries 16 squares of living across a 347m² block in Drouin Fields. Bedrooms 2 and 3 sit near the garage entry with a shared bathroom and separate WC nearby, while bedroom 4 sits at the front beside a leisure room that opens onto covered outdoor living, giving the home a second living zone away from the main kitchen and dining area. The master suite sits opposite the study near the entry, with its own walk-in robe and ensuite, kept apart from the other three bedrooms.

FOR OWNER-OCCUPIERS

Two separate living zones on a 347m² block is more than most homes this size manage. The leisure room at the front gives whoever’s in bedroom 4 somewhere to spread out that isn’t the main living area, while the kitchen, dining and living zone toward the rear handles the household’s everyday routine. A study near the entry means work calls don’t have to compete with the rest of the house.

The walk-in pantry keeps the kitchen bench clear, and internal garage access lands right near bedrooms 2 and 3, useful for anyone managing school bags and shoes on the way through the door.

FOR INVESTORS

Drouin Fields sits within Baw Baw Shire, with a direct V/Line service into Melbourne and Princes Highway access drawing tenants who want more space than the same budget buys closer to the city. Four bedrooms and two living zones on a compact, easy-to-maintain block appeals to a wide range of tenants, from families needing separation between generations to a household wanting a second lounge without the upkeep of a larger yard.

At $749,598, the entry price sits well within reach for the corridor, and a floorplan this efficient tends to attract tenants without needing to compete on size alone.

WHAT SETS THIS ONE APART

Fitting four bedrooms, three bathrooms, a study and two separate living zones into 16 squares on a 347m² block takes a genuinely efficient floorplan, not just a smaller block. Most designs this compact drop a bedroom or a living zone to make the numbers work. This one doesn’t.

That efficiency lines up with exactly what’s drawing buyers to Drouin Fields in the first place. A tighter footprint means a lower build cost without cutting the room count a family actually needs, which is precisely the trade a first home buyer is looking to make: full-sized living without a price tag to match, in a location still affordable enough to get a foot in the door.

KEY FEATURES

Layout & Design

• 4 bedrooms; master with walk-in robe and ensuite, positioned apart from the other three

• Study near the entry

• Leisure room and main living area as two separate living zones

• Covered outdoor living off the leisure room

• Double garage with internal access

Kitchen

• Open-plan kitchen servicing the dining and living area

• Walk-in pantry

Bathrooms & Extras

• Family bathroom servicing bedrooms 2 to 4, with a separate WC

• Ensuite and walk-in robe to master

• Walk-in linen storage

• Laundry

Build & Location

• 16 squares under roof, single storey, fully turnkey

• 347m² block in Drouin Fields, Drouin

• All developer and council requirements met

THE ESTATE — DROUIN FIELDS, DROUIN

Drouin Fields sits within Baw Baw Shire in West Gippsland, with the town’s V/Line station providing a direct rail service into Melbourne’s CBD and the Princes Highway giving road access back toward the city. Local shops, schools and the surrounding countryside sit close by rather than requiring a drive to reach.

It’s a location built for buyers who need their budget to stretch further than it would closer to Melbourne, without giving up a genuine connection back to the city.

Package Summary

Land: $375,000 | Build: $374,598 | Total: $749,598

Bed 4 | Bath 3 | Car 2 | Home Size: 16sq | Land Size: 347m²

Contact me today to secure this home or discuss your own house-and-land package in Drouin Fields.

Images, plans and drawings are for illustrative purposes only and may not represent the final product. Lot layouts, dimensions, easements and landscaping are subject to change without notice and are dependent on third-party approvals, including council and developer requirements.

Listing description written by Lachy Foster, Turnkey Real Estate Group — reproduced as published, not verified by Districts.

Property features

  • Alarm System
  • Dishwasher
  • Floorboards
  • Fully Fenced
  • Living Areas: 1
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Solar Panels
  • Toilets: 2
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.