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VIC › St Leonards › Two Bays Dr

14 Two Bays Dr, St Leonards VIC 3223

House

$1,025,000

Last sold

19 Jan 2026

5

Bedrooms

4

Bathrooms

2

Car spaces

702 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 $1,025,000 (19 Jan 2026).(Recorded sale)
  • FactLand 702 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in St Leonards (last 5 years) with land size: median $1,609/m² of land (n=118). 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

$1,025,000

19 Jan 2026 · derived via latest_sale

Local land rate: recorded House sales in St Leonards (last 5 years) with land size have a median of $1,609/m² of land (n=118). Districts calculation from recorded sales — not a valuation.

St Leonards at a glance

3,765

People

$690,000

Median sale

$472/wk

Median rent

3.56%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full St Leonards report →

Vs St Leonards

+48.6%

Median sale

Suburb $690,000

-1.17 pp

Gross yield

Suburb 3.56%

Suburb median $690,000 from 120 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$1,025,00019 Jan 2026
  2. Listedprice unknowncompleted11 Sept 2025
  3. Listedprice unknowncompleted11 Sept 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 $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.

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

St Leonards in one glance

St Leonards at a glance

3,765

People

$690,000

Median sale

$472/wk

Median rent

3.56%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full St Leonards report →

Keep researching

  • Why St Leonards? Read the area thesis →
  • What else is on the market in St Leonards →
  • Other records on Two Bays Dr →

Listing material

Listed by Neville Richards Real Estate St Leonards | Portarlington

Under Contract - Contact Agent

Indulge in a beautiful bayside lifestyle within walking distance to beach access, Swan Bay Reserve, the St Leonards Yacht Club and picturesque trails linking you to the village centre.

Designed with your growing family at the forefront, this carefully curated impressive five bedrooms, four bathrooms and sun infused, northerly orientated back yard, filtering stunning natural light throughout the interior.

Appeasing gatherings of any scale, the lower level accommodates a commodious open plan living area to the rear, offering seamless flow onto the alfresco patio for seasonal enjoyment. Direct access to the pool room via sliding doors, and linear service via a bi-fold window into the well-appointed scullery, ensures entertaining is kept a breeze. Equipped for multi-generational living, this level additionally hosts a guest suite with walk-in robe and ensuite bathroom, separate powder room and privately placed study.

Read the full description

Four bedrooms upstairs enjoy solitude from the busy downstairs hub, the master benefiting from the luxury of a fully-fitted dressing room and sleek ensuite bathroom. A central retreat, walk-in linen cupboard and spacious main bathroom complete this peaceful upper level, appreciating bay glimpses across the tree-top canopy.

Water lovers and outdoor enthusiasts will thrive in this location, renowned for exceptional fishing, snorkelling and a plethora of natural beauty to explore on your doorstep. Award winning restaurants and wineries are within close proximity, along with all practical assets, schools and public transport. Families will be drawn to the expanse of space within this outstanding abode, proposing equal appeal for those seeking a fully established, low maintenance holiday home.

Additional features:

- Hybrid timber floors & plush carpets underfoot

- Ducted heating throughout

- Side gated access for caravan, boats & trailers

- An abundance of interior storage

- Extra-large garage with direct access to main residence & kitchen

- Excellent side access for the storage of boats and caravans

Listing description written by Lachlan Campbell, Neville Richards Real Estate St Leonards | Portarlington — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Living Areas: 4
  • Pet-Friendly
  • Study
Districts

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

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