North Geelong at a glance
3,350
People
$721,000
Median sale
$472/wk
Median rent
3.40%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
VIC › North Geelong › Thompson Rd
$563,000
Last sold
27 Feb 2025
2
Bedrooms
1
Bathrooms
2
Car spaces
647 m²
Land
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
$563,000
27 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in North Geelong (last 5 years) with land size have a median of $1,561/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
North Geelong at a glance
3,350
People
$721,000
Median sale
$472/wk
Median rent
3.40%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs North Geelong
-21.9%
Median sale
Suburb $721,000
+0.96 pp
Gross yield
Suburb 3.40%
Suburb median $721,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK
TRZ2
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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 649 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 $472/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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 649 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 649 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
North Geelong at a glance
3,350
People
$721,000
Median sale
$472/wk
Median rent
3.40%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McGrath Geelong | NewtownThis property is the perfect opportunity for developers and investors. It offers a generous block size of approximately 647 sqm and a perfect long-term tenant. With a driveway clearance of approximately four meters, the site is well-suited for rear access and future development (STCA).
The home features two bedrooms, one with built-in robes and a central bathroom with a new shower. The updated kitchen includes a four-burner electric cooktop, oven, dishwasher and a large island with storage and seating, making it both functional and stylish. The living area is equipped with a new split system for heating and cooling, ensuring year-round comfort. Additional features include a two-car garage with a workshop and European Laundry.
This property also offers excellent rental potential, currently rented at $420p/w, making it an attractive investment option. With all the work done, this property is ideal to set and forget or make your first home with endless potential.
Conveniently located, the property is within walking distance of Separation Street shops and just a short drive from Bell Park Plaza, Shannon Avenue shops and Pakington Street. It provides easy access to major transport links, including the Ring Road and Princes Highway. The Geelong CBD is only 5km away, with the waterfront at 4km and the North Geelong Train Station just 1.3km away. This property offers an outstanding opportunity because it combines development potential, rental income and a convenient location.
- Generous block size of approx. 647sqm, ideal for development (STCA)
- Driveway clearance of approx. 4m, allowing for rear access
- Two bedrooms, one with built-in robes and a central bathroom with a new shower
- Updated kitchen with a four-burner electric cooktop, oven, dishwasher and large island with storage and seating
- Living area with a new split system for heating and cooling
- Two-car garage with a workshop for added convenience
- Excellent rental potential, currently rented at $420 per week
- Walking distance to Separation St shops and close to Bell Park Plaza, Shannon Ave and Pakington St
- Easy access to the Ring Road, Princes Highway and public transport, with North Geelong Train Station just 1.3km away
- Prime location 5km from Geelong CBD, 4km from the waterfront and offering endless potential for developers or first-home buyers
Listing description written by Candice Costoso, McGrath Geelong | Newtown — reproduced as published, not verified by Districts.
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