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VIC › Drysdale › Bennett St

16-18 Bennett St, Drysdale VIC 3222

For saleHouse

$1,185,000

For sale

Asking

4

Bedrooms

2

Bathrooms

3

Car spaces

1,359 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,185,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,185,000(Listing record · 6 Mar 2025)
  • FactLand 1,359 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Drysdale (last 5 years) with land size: median $1,263/m² of land (n=66). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 60% above the Drysdale median recorded sale ($742,500, n=20, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Drysdale's advertised median rent ($528/wk), implied gross yield would be 2.32% — 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

$1,185,000

Asking · $872/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Drysdale (last 5 years) with land size have a median of $1,263/m² of land (n=66). Districts calculation from recorded sales — not a valuation.

Drysdale at a glance

6,509

People

$742,500

Median sale

$528/wk

Median rent

3.70%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Drysdale report →

Vs Drysdale

+59.6%

Median sale

Suburb $742,500

-1.38 pp

Gross yield

Suburb 3.70%

Suburb median $742,500 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,185,000
Stamp Duty (Victoria)
$65,175
Transfer/Registration Fee
$2,877
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
$1,256,752

$71,752 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

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

Net yield
0.82%
Annual cashflow (pre-tax)
$-51,939
Interest cover (DSCR)
0.16
Annual rent
$27,456
Operating expenses
$17,775
Loan amount
$948,000
Annual interest
$61,620
Gross yield
2.32%

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$1,185,000available6 Mar 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 $528/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 2.3%. 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

Drysdale in one glance

Drysdale at a glance

6,509

People

$742,500

Median sale

$528/wk

Median rent

3.70%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Drysdale report →

Keep researching

  • Why Drysdale? Read the area thesis →
  • What else is on the market in Drysdale →
  • Other records on Bennett St →

Listing material

Listed by Harcourts Drysdale

A Timeless Escape in the Heart of Drysdale

Where country charm meets coastal calm across an expansive double block, with two separate titles. This exceptional 1,359sqm (approx.) parcel is in one of Drysdale's most popular and established pockets. The classic white rendered brick residence is more than just a home: it's a lifestyle, a sanctuary, and a place that invites you to slow down and savour the simple pleasures. From the moment you arrive, the home exudes warmth and timeless charm. The crisp white façade, framed by wraparound gardens and mature fruit trees, hints at the beauty within. A fully fenced swim spa, winding garden paths, and beautifully maintained outdoor zones make the exterior your own private retreat, ideal for those who dream of space, serenity, and long afternoons spent under the sun.Step inside to discover interiors that speak of quality, care, and tradition. The house has been divided into two independent living areas, each with its own kitchen, bathroom and two bedrooms. .Kitchens feature recycled Baltic pine cabinetry that brings character and richness to every space. The bathrooms are equally considered, with a spa bath and exposed jarrah furnishings in one. They offer accessible, modern finishes that blend seamlessly with the home's original charm. Natural light spills in through large windows, creating a warm and inviting atmosphere throughout the multiple living zones. Whether it's the soft morning light in the kitchen, the golden afternoon glow in the lounge, or the open breeze that flows through the French doors, every space has been designed to feel lived-in, loved, and full of ease. This is a home that grows with you, perfect for families, multigenerational living, or even dual occupancy thanks to its flexible layout and double frontage. Four generous bedrooms offer peaceful retreats for every member of the household, while expansive living areas provide both connection and privacy. For an overflow of guests there is a spacious bungalow that doubles as a space for crafts, music and storage and a third toilet on a large back porch.

Property Highlights:

- Sprawling 1,359sqm (approx.) double block on two titles, established gardens and paths

Read the full description

- Two full kitchens with stunning recycled wood cabinetry

- perfect for extended family or guest accommodation

- Modernised, accessible bathrooms with quality timber detailing

- Four spacious bedrooms, including French doors and private outlooks

- Multiple living zones ideal for family life, entertaining, or working from home

- Secure, fully fenced swim spa positioned on the eastern side of the property

- Garden paths with well-maintained drainage, accessible ramp, mature fruit trees and vines, large rainwater tanks and fixed watering system, and scope to personalise outdoor spaces

- Oversized garage/workshop with excellent storage, a dedicated hobby space, and a cosy wood heater - the perfect year-round retreat for artists or tradies

- Peacefully positioned within walking distance to Drysdale Village, schools, shops, parks, and the Bellarine Rail Trail

- Just minutes to the Bellarine's renowned coastline, wineries, and local attractions Whether you're dreaming of a slower pace, upsizing for a growing family, or searching for a home with warmth, soul, and substance

- 16-18 Bennett Street delivers. This is a property that feels like home from the very first step through the gate. A true Drysdale classic, rich in history and ready for its next chapter.

For further information or to arrange a private inspection, please contact:

Lily Rowlands Ph: 0439 010 178 Travis Smith Ph: 0431 853 002

Harcourts Drysdale | Your Bellarine Property Experts

Listing description written by Travis Smith, Harcourts Drysdale — reproduced as published, not verified by Districts.

Property features

  • Toilets: 3
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.