Yardize logo Yardize
Residential Property

62 Settlement Road

Airly VIC 3851, Australia

3 Bedrooms
- Bathrooms
- Parking
16471 m² Land size
- Internal area
$250,000 Last sale (2006)

About this property

yardizepropertyrecord
62 Settlement Road is in Airly, VIC and is presented as a House with 3 bedrooms, land size of 16,471 m². Price: $560,000. The estimated market value is $650,000 and the estimated weekly rent is $581 per week

Key details

Locality
Airly
State
VIC
Coordinates
38.02903087 / 147.0768062
GNAF PID
GAVIC410727588
Remoteness area
Regional
Property type
House
Land size
16471 m²
Internal area
-
Bushfire risk
None detected
Flood risk
None detected
Heritage overlay
None detected
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$581
Expected property value
$650,000
Estimated yield
4.65%
Confidence
Medium

Based on the comparable property evidence currently available.

Sales history

EventDatePricePrice per m²
Sale
13 Jun 2006
$250,000$15
Sale
14 Apr 1999
$143,750$8
Sale
16 Nov 1994
$115,000$6

Price per m² based on land size of 16471 m².

Property insights

Property Features

  • Stand‑alone residential house on a large rural parcel (~1.65 ha)
  • Land use recorded as non‑residential (farm) in government overlays
  • Off‑market: No active sale or rental listing on any major portal
  • Estimated market value estimate: Low $560 k – Mid $650 k – High $740 k (medium accuracy, 2 Apr 2026)
  • Estimated weekly rent: $545 per week (4.34 % yield, low accuracy, 31 Mar 2026)
  • Historical sales: 1994: $115k; 1999: $143.75k; 2006: $250k

Area insights

The Air Wing is the police aviation unit of Victoria Police that operates in metropolitan Melbourne and provides a service to the whole of Victoria. The Air Wing operates a fleet of three Leonardo AW139 helicopters and a Beechcraft Super King Air fixed-wing aircraft. The Air Wing responds to more than 5000 taskings per year. History The Air Wing was formed in 1975 after members of the Victoria Police Aero Club demonstrated to Victoria Police and government the potential of utilising aviation assets for policing roles. The first operational flight was on 22 May 1975 of a fixed wing aircraft. The Air Wing initially leased single engine and twin engine fixed wing aircraft. Various planes were operated including the Aero Commander 500S/Shrike Commander and the PA-31-350 Navajo Chieftain. The last planes operated by the Air Wing were two twin engine Aero Commander. The government did not renew the three-year lease and it expired on 30 June 1993. Approximately 95% of all flights had been for transportation. The government instead provided Victoria Police with access to the existing government charter service by Victorian Airlines. In 2005, the Office of Police Integrity recommended that Victoria Police have fixed wing aircraft for the urgent deployment of specialist police to regional Victoria. In 1976, the first helicopter pilot joined the Air Wing. In 1977, the Air Wing conducted a six-week evaluation trial of flying regular helicopter patrols. In 1978, the Air Wing leased a Hughes 500D helicopter conducting night time operations. In the same year, a decision was made to purchase a helicopter. In 1979, the Air Wing purchased a twin-engined Aérospatiale SA365C1 Dauphin 2 (VH-PVF), the first of its kind in Australia, with another two former VIP aircraft purchased in 1986 from the Romanian Government (VH-PVA and VH-PVK). On Sunday, 9 August 1987, Air 495 (VH-PVA, the Air Ambulance) was hit by gunfire during its part in the Hoddle Street massacre, and was forced to land in a nearby park. A single-engined Aérospatiale AS350B Squirrel was added to the fleet in 1988 for routine operations such as surveillance and traffic patrol in the country areas of Victoria, as well as pilot training duties. In 1996 police helicopter services began to be outsourced and the helicopters sold to Lloyd Helicopters of Australia (now CHC Helicopters), with the aircraft and their maintenance being leased back. Pilots and tactical flight officers (TFO) continue to be provided by the Victoria Police. In December 1998, the Air Wing was involved in the search and rescue effort to rescue sailors participating in the Sydney to Hobart Yacht Race in severe weather conditions. From 2001, the Air Wing began to re-equip with new aircraft provided by CHC Helicopters, with the “much loved” SA365C1 models being replaced by their more powerful and much upgraded derivative, the AS365N3 Dauphin. Along with the three new Dauphin helicopters, the Squirrel was also replaced with a new twin-engined Eurocopter EC135 T2+ that fulfilled the same role. The two engines of the EC135 meant it was able to safely operate over urban areas where the single-engined Squirrel was limited or excluded. While the new aircraft had much greater capabilities over the previous generation, such as HD Forward looking infrared (FLIR), LogiMap moving map software and Night Vision Goggles (NVG), the new aircraft were also significantly quieter, an important feature when operating over urban areas. The EC135 was not fitted with a hoist so was unable to perform a search and rescue role if the mission required an extraction. In February 2009, the Air Wing moved into new, larger facilities at Essendon Airport that allowed them to be co-located with Air Ambulance Victoria, with whom they had a partnership, and their Bell 412 specialist aeromedical helicopter. In 2011, AS365N3 Dauphin VH-PVH assisted the Western Australia Police with the Commonwealth Heads of Government Meeting 2011 CHOGM 2011 held in Perth. In 2016, it was announced that three new helicopters would be purchased with funding of $63.2 million to replace the ageing Dauphin fleet and to introduce a fixed wing plane. In October 2018, it was announced that the Dauphin would be replaced by the Leonardo AW139 provided by StarFlight Victoria and that the Beechcraft Super King Air 350ER provided by Skytraders had been selected to re-introduce a fixed wing capability. The AW139 has a longer endurance and longer range compared to the Dauphin while the Super King Air has more than double the endurance and range to the Dauphin. The Super King Air will be fitted with the same daylight and infrared camera and mapping and image detection systems as the AW139 and will be flown by contracted pilots. The Super King Air will enable a faster response time to regional and remote areas for tactical deployments of the SOG and the CIRT and by investigators from the Major Collision Investigation Unit. In 2019, the Air Wing retired the EC135 from service. In October 2019, the Air Wing established a Drone Unit to operate the DJI Matrice 210 drone and to manage all drones within Victoria Police including training other police units to operate basic drones. In June 2020, the first of the AW139 helicopters entered service with the remaining to enter service shortly after. One of the AW139 helicopters is in grey livery with the other two are in white and blue livery similar to the Dauphin fleet. In August 2020, the Super King Air 350ER entered service. In December 2020, an AW139 conducted the first landing on the helipad of the new 39-storey police headquarters which had opened in June 2020. Air Ambulance Victoria Partnership Victoria police air wing Wikipedia

Nearby schools

Type:
Ordered by:
Airly Primary School
3.2 km
Primary school | Government
Bundalaguah Primary School
5.6 km
Primary school | Government
St Patrick's School
6.8 km
Primary school | Catholic
Stratford Primary School
7.0 km
Primary school | Government
Cobains Primary School
7.0 km
Primary school | Government
Gippsland Grammar
7.3 km
Combined school | Independent
Guthridge Primary School
7.5 km
Primary school | Government
St Thomas' School
7.8 km
Primary school | Catholic
Sale Primary School
8.8 km
Primary school | Government
Araluen Primary School
8.9 km
Primary school | Government
Sale College
8.9 km
Secondary school | Government
Catholic College Sale
8.9 km
Secondary school | Independent
Maffra Secondary College
10.9 km
Secondary school | Government
Sparrow Early Learning - Stratford
7.1 km
Journey Early Learning Centre Sale
6.7 km
Journey Early Learning Sale
6.7 km
Stratford Uniting Kindergarten
6.9 km
Sale North Kindergarten
7.1 km
Kath Foley Children's Centre & Kindergarten
7.3 km
Roseberry House Early Learning Centre Sale
7.5 km
* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

62 Settlement Road is described with 3 bedrooms, land size of 16,471 m²

Which local government area does the property belong to?

The property is situated in Wellington Shire

What is the population of the suburb where the property is located?

Airly had a population of 160 people according to the 2021 census

Which police aviation unit operates in Victoria?

The Victoria Police Air Wing provides aviation services across the state

En.wikipedia.org
What kind of property is this?

62 Settlement Road is listed as House in Airly, VIC

What asking price or listing price is shown?

62 Settlement Road includes price $560,000, Sold for $250,000 on 13 Jun 2006

What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate is $650,000, the calculated weekly rent is $581 per week, and the indicative gross yield is 4.65%

What recent sale price or sale history is recorded?

62 Settlement Road has a recorded sale at $250,000 on 13 Jun 2006

Related profiles

Jump to the related profiles for this address.