Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Herne Hill › Great Britain St

1 Great Britain St, Herne Hill VIC 3218

For saleHouse

$649,000–$699,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

2

Car spaces

602 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $649,000–$699,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $649,000–$699,000(Listing record · 29 July 2026)
  • FactLand 602 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Herne Hill (last 5 years) with land size: median $1,271/m² of land (n=44). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 22% below the Herne Hill median recorded sale ($835,000, n=12, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Herne Hill's advertised median rent ($466/wk), implied gross yield would be 3.73% — 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

$649,000–$699,000

Asking range · $1,078/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Herne Hill (last 5 years) with land size have a median of $1,271/m² of land (n=44). Districts calculation from recorded sales — not a valuation.

Herne Hill at a glance

3,471

People

$835,000

Median sale

$466/wk

Median rent

2.90%

Suburb gross yield

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

See the full Herne Hill report →

Vs Herne Hill

-22.3%

Median sale

Suburb $835,000

+0.83 pp

Gross yield

Suburb 2.90%

Suburb median $835,000 from 12 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$649,000
Stamp Duty (Victoria)
$34,010
Transfer/Registration Fee
$1,623
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
$688,333

$39,333 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

Based on the low end of the asking range, not a contract price.

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

Net yield
2.23%
Annual cashflow (pre-tax)
$-19,251
Interest cover (DSCR)
0.43
Annual rent
$24,232
Operating expenses
$9,735
Loan amount
$519,200
Annual interest
$33,748
Gross yield
3.73%

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$649,000–$699,000available29 July 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 $466/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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

Herne Hill in one glance

Herne Hill at a glance

3,471

People

$835,000

Median sale

$466/wk

Median rent

2.90%

Suburb gross yield

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

See the full Herne Hill report →

Keep researching

  • Why Herne Hill? Read the area thesis →
  • What else is on the market in Herne Hill →
  • Other records on Great Britain St →

Listing material

Listed by McGrath Geelong | Newtown

Prime Development Potential

Positioned in a tightly held, family-friendly location, this original three-bedroom home presents an outstanding opportunity to secure a generous 602m² (approx.) allotment with endless potential. Whether you're looking to renovate, extend, invest or explore future development, this property offers exceptional flexibility, complete with stamped plans for the construction of two townhouses.

Inside, you'll find comfortable living with ducted heating and cooling, a spacious formal lounge flowing through to the dining area or second living space, plus a separate kitchen offering the perfect foundation to create your dream home. Outside, the oversized single garage with additional storage, long driveway and carport provide abundant off-street parking for multiple vehicles, as well as space for a trailer, boat or caravan.

Enjoy an enviable lifestyle directly opposite the expansive Kevin Kirby Reserve, where parklands, playgrounds and BBQ facilities become an extension of your backyard. Walking and cycling trails at the end of the street, together with the sporting facilities of Herne Hill Reserve, offer endless opportunities for recreation.

Read the full description

Convenience is another standout, with local shopping villages at Minerva Road, Shannon Avenue and vibrant Pakington Street all within easy reach. Families will appreciate the proximity to quality schools including Clonard College, St Joseph's Westcourt Campus and Manifold Heights Primary School, while easy access to the Geelong CBD, North Geelong Train Station and the Ring Road ensures effortless commuting and weekend escapes.

Offering immediate comfort, exciting renovation potential and the added advantage of stamped plans for two contemporary townhouses, this is a rare opportunity to secure a blue-chip address with outstanding lifestyle appeal and future value.

- Generous 602m² (approx.) allotment in a tightly held, family-friendly location

- Original three-bedroom home offering outstanding renovation or investment potential

- Stamped plans available for the construction of two contemporary townhouses

- Ducted heating and cooling for year-round comfort

- Spacious formal lounge, dining/second living area and separate kitchen

- Oversized single garage with additional storage, plus carport and long driveway

- Ample off-street parking for multiple vehicles, trailer, boat or caravan

- Directly opposite Kevin Kirby Reserve with playgrounds, BBQ facilities and open parklands

- Close to walking and cycling trails, Herne Hill Reserve, quality schools and local shopping precincts

- Easy access to the Geelong CBD, North Geelong Train Station and the Ring Road

Listing description written by Jasmin Jurkovic, McGrath Geelong | Newtown — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.