Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Belgrave › Gully Cres

12 Gully Cres, Belgrave VIC 3160

House

$890,000

Last sold

7 Aug 2025

2

Bedrooms

1

Bathrooms

1

Car spaces

1,045 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $890,000 (7 Aug 2025).(Recorded sale)
  • FactLand 1,045 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Belgrave (last 5 years) with land size: median $745/m² of land (n=135). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$890,000

7 Aug 2025 · derived via latest_sale

Local land rate: recorded House sales in Belgrave (last 5 years) with land size have a median of $745/m² of land (n=135). Districts calculation from recorded sales — not a valuation.

Belgrave at a glance

3,862

People

$910,000

Median sale

$628/wk

Median rent

3.59%

Suburb gross yield

Median sale from 42 recorded sales (last 12 months) — a Districts calculation.

See the full Belgrave report →

Vs Belgrave

-2.2%

Median sale

Suburb $910,000

+0.08 pp

Gross yield

Suburb 3.59%

Suburb median $910,000 from 42 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$890,0007 Aug 2025
  2. Listedprice unknowncompleted28 July 2025
  3. Listedprice unknowncompleted28 July 2025

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 $628/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

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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

Belgrave in one glance

Belgrave at a glance

3,862

People

$910,000

Median sale

$628/wk

Median rent

3.59%

Suburb gross yield

Median sale from 42 recorded sales (last 12 months) — a Districts calculation.

See the full Belgrave report →

Keep researching

  • Why Belgrave? Read the area thesis →
  • What else is on the market in Belgrave →
  • Other records on Gully Cres →

Listing material

Listed by Bell Real Estate Belgrave

Sweet Sanctuary Among the Ferns

Set opposite a fern gully so lush it could’ve been plucked from a fairytale, this darling brick cottage is as sweet as can be - brimming with old-fashioned character and perched on a blissful 1045m² (approx.) of magic. Whether you're a first home buyer, downsizer, investor or just someone who’s always dreamt of life with a camellia-framed secret garden, this one’s for you.

The stonework-edged driveway winds you into a world of greenery, where every window feels like a still-life painting of garden scenes. Inside, the charm is palpable. Leadlight sash windows filter dappled light through diamond panes. Parquetry floors in the sunroom gleam softly. There are ceiling roses and picture rails, cornices with flourish, and a Nectre cast iron wood stove that’s more than just kitchen art – it’s functional and toasty, but if you're in a rush, the SMEG stainless-steel cooker has you covered too.

Two robed bedrooms and a beautifully updated central bathroom with stone vanity and frameless shower provide comfort and calm – one with an enchanting bed alcove and plantation shutters, while a rear mudroom nook is the perfect drop zone for gumboots after a good morning in the veggie patch. There’s a gas log fire in the lounge, a split system and ducted heating for comfort, and timber floors underfoot connecting it all with warmth.

Read the full description

Outside, it’s a garden-lover’s paradise. Tiered layers bloom with personality - stonework, manicured hedges, camellias, ferns and flat lawn - and there’s a paved alfresco for summer barbeques and a covered entertaining zone tucked in the secret garden above. Perfect for long lunches or wild little tea parties. A separate studio with its own sink invites creativity, guests, a gym, art retreat or working from home with the birdsong as your playlist.

Underneath, there’s a single garage, and plenty of storage. It’s practical, yes - but more than that, it’s poetic. Nestled in peace, yet just minutes from the buzz of Belgrave, with Puffing Billy’s whistle in the distance and Killik Handcrafted Rum just down the road. You’ll feel a million miles away… until you realise everything you need is five minutes down the road.

At a Glance:

 Darling character brick cottage on 1045m² approx.

 Opposite a spectacular fern gully in a peaceful, private setting

 Two robed bedrooms, one central modern bathroom

 Timber and parquetry floors, picture rails, ceiling roses, ornate cornices, high ceilings

 Diamond leadlight sash windows with gorgeous garden views

 Traditional country style kitchen with Nectre cast iron wood stove + SMEG stainless steel cooker

 Gas log fireplace, ducted heating and split system cooling

 Two living areas: main lounge + sunroom

 Charming mudroom nook for muddy garden boots

 Separate studio with sink - ideal for guests, art, fitness, or home business

 Landscaped front and back garden with established trees and blooming beds

 Tiered backyard with alfresco patio, secret garden + covered entertaining zone

 Small garage under the house and extra storage shed

 Flat front lawn framed by lush greenery

 Minutes to Belgrave central, the National Park, Puffing Billy and Killik Rum Distillery

Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.

Listing description written by Elliot Bell, Bell Real Estate Belgrave — reproduced as published, not verified by Districts.

Property features

  • Courtyard
  • Dishwasher
  • Ducted Heating
  • Floorboards
  • Outdoor Entertaining
  • Study
  • Workshop
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.