East Geelong at a glance
4,014
People
$860,000
Median sale
$444/wk
Median rent
2.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
VIC › East Geelong › Paterson St
$630,000
Last sold
8 Feb 2020
3
Bedrooms
2
Bathrooms
4
Car spaces
585 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
$630,000
8 Feb 2020 · derived via latest_sale
Local land rate: recorded House sales in East Geelong (last 5 years) with land size have a median of $2,016/m² of land (n=63). Districts calculation from recorded sales — not a valuation.
East Geelong at a glance
4,014
People
$860,000
Median sale
$444/wk
Median rent
2.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Vs East Geelong
-26.7%
Median sale
Suburb $860,000
+0.98 pp
Gross yield
Suburb 2.68%
Suburb median $860,000 from 23 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8
NRZ8
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 NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8 · NRZ8 (ZN). Official parcel area about 582 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 $444/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 NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8 · NRZ8 (ZN). Official parcel area about 582 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?
KnownmediumNo 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
East Geelong at a glance
4,014
People
$860,000
Median sale
$444/wk
Median rent
2.68%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Hayeswinckle East GeelongThis well loved 1950's brick 3 bed, 2 bath, 2 living home perched high on Paterson St on 585 m2 block is awaiting some TLC to either restore, renovate and be a stones throw from East Geelong hub.
Located at the front of the home is a spacious quiet formal living room and two good sized bedrooms, master offering ceiling fan, BIR and a wonderful front garden outlook and the second with BIR.
Stepping towards the rear of the home you will find an original bathroom with shower over bath, separate toilet and a laundry wet area. This could be opened up to make for a great family bathroom.
The central kitchen has ample storage, gas cooking and a small informal meals area.
What sets this home apart from the rest is the large rear extension which offers a huge rumpus room equipped with ceiling fan, a brand new Mitsubishi Split system and wonderful sliding doors leading to the undercover back pergola and grassed yard. There is also a second bathroom and toilet plus third bedroom located off the extension, for all your families needs.
Outside there is a lush front garden and a neat rear grassed yard ideal for children or your four legged friend, plus an oversized single lock up garage and ample space in the driveway for up to 3 cars.
This fabulous opportunity to snap up a well loved East Geelong property and make it your own, is a must! Inspections start mid January 2020.
FEATURES
Ducted Heating
Split System Cooling
585 m2 block
Rent pw approx $350
2 living rooms
*All information about the property has been provided to Hayeswinckle by third parties. Hayeswinckle has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
Listing description written by Stacey Billerwell, Hayeswinckle East Geelong — reproduced as published, not verified by Districts.
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