Lara at a glance
22,225
People
$740,000
Median sale
$514/wk
Median rent
3.61%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
VIC › Lara › Martain Ave
$1,221,262
Last sold
19 Dec 2023
4
Bedrooms
3
Bathrooms
2
Car spaces
1,186 m²
Land
277 m²
Building
Districts View
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
Last sold
$1,221,262
19 Dec 2023 · derived via latest_sale
Local land rate: recorded House sales in Lara (last 5 years) with land size have a median of $1,375/m² of land (n=74). Districts calculation from recorded sales — not a valuation.
Lara at a glance
22,225
People
$740,000
Median sale
$514/wk
Median rent
3.61%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs Lara
+65.0%
Median sale
Suburb $740,000
-1.42 pp
Gross yield
Suburb 3.61%
Suburb median $740,000 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Greater Geelong
Greater Geelong, VIC
Official property report
The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.
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
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 1,188 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $514/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.
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
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 1,188 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 1,188 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Lara at a glance
22,225
People
$740,000
Median sale
$514/wk
Median rent
3.61%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gartland PropertyThis sale is being facilitated by transparent negotiation. The property can sell to any qualified buyer at any time. Please contact Will immediately to avoid missing out.
Occupying approx. 1186m2, this bespoke family residence is the epitome of contemporary elegance.
You'll be amazed the moment you step inside, with the light-filled entrance showcasing soaring ceilings and statement pendant lighting. Polished concrete floors (with hydronic slab heating both upstairs and downstairs) enhance the light-filled interiors, with high-end fittings and fixtures showcased throughout.
The theatre room invites you to enjoy cinema luxury whenever you please, while the open plan living/dining/kitchen zone creates a wealth of space for the whole family to enjoy. You'll love that picture windows capture the surrounding gardens, with a gas log fireplace creating a cosy ambience during the cooler months. This stunning living zone opens onto the covered entertaining deck, which provides the ultimate setting for hosting loved ones. So why not cook up a storm in the luxe outdoor kitchen? Or relax around the firepit zone as the kids play in the huge backyard? Gorgeous gardens surround the firepit zone, with the herb garden perfectly positioned within arm's reach of the pizza oven.
The kitchen is luxuriously appointed with stone benchtops, a butler's pantry and an impressive island bench. Quality appliances include a semi-integrated Bosch dishwasher, Siemens double wall oven and a Bosch 6-burner gas cooktop.
Upstairs, the main bedroom creates a heavenly retreat for parents with a private balcony overlooking the neighbouring parkland of the Kevin Hoffman walking trail. The walk-in robe is a dream come true, while the en suite showcases a double shower and freestanding tub.
Three bedrooms with built-in robes and two bathrooms create a flexible layout over two levels. All three bathrooms exude style with timber benchtops and showers with floor-to-ceiling tiling. The study makes working from home a breeze, while the laundry completes the layout. Other features include hydronic heating, evaporative cooling, a split-system air conditioner, double-glazing, rainwater tanks, alarm system, and security cameras.
Tradies will be impressed when they see the amount of parking this property offers. The remote double garage features internal access, while side vehicle access is ideal for boats, caravans and work vehicles. The rear work shed features a wood heater and its own security system.
A carefree lifestyle awaits with the local walking trail, public transport and shopping centres a short stroll away. A variety of schools are close by for families, while easy access to the Lara Train Station and Ring Road keeps you connected to both Geelong and Melbourne.
Potential rent return at $750 - $800 per week. To discuss in further detail please contact Emily Reid on 0477 922 969.
Listing description written by Will Ainsworth, Gartland Property — reproduced as published, not verified by Districts.
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