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VIC › Leopold › Claremont Dr

2/5 Claremont Dr, Leopold VIC 3224

For saleUnit

$599,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $599,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $599,000(Listing record · 16 Mar 2026)
  • CalculationAsk is 16% below the Leopold median recorded sale ($715,750, n=38, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Leopold's advertised median rent ($521/wk), implied gross yield would be 4.52% — 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

$599,000

Asking

No recorded sale for this property.

Leopold at a glance

13,878

People

$715,750

Median sale

$521/wk

Median rent

3.79%

Suburb gross yield

Median sale from 38 recorded sales (last 12 months) — a Districts calculation.

See the full Leopold report →

Vs Leopold

-16.3%

Median sale

Suburb $715,750

+0.73 pp

Gross yield

Suburb 3.79%

Suburb median $715,750 from 38 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$599,000
Stamp Duty (Victoria)
$31,010
Transfer/Registration Fee
$1,506
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
$635,216

$36,216 on top of the price (6.0% 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 Leopold's advertised median rent — not a rent for this listing.

Net yield
3.02%
Annual cashflow (pre-tax)
$-13,041
Interest cover (DSCR)
0.58
Annual rent
$27,092
Operating expenses
$8,985
Loan amount
$479,200
Annual interest
$31,148
Gross yield
4.52%

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$599,000available16 Mar 2026

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 $521/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 4.5%. 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

Leopold in one glance

Leopold at a glance

13,878

People

$715,750

Median sale

$521/wk

Median rent

3.79%

Suburb gross yield

Median sale from 38 recorded sales (last 12 months) — a Districts calculation.

See the full Leopold report →

Keep researching

  • Why Leopold? Read the area thesis →
  • What else is on the market in Leopold →
  • Other records on Claremont Dr →

Listing material

Listed by McGrath Geelong | Newtown

Smart Low-Maintenance Living

Unit 2 - Avaliable

Unit 3 - Sold

Soon to be completed, this stylish residence delivers a perfect balance of modern design, energy efficiency and low-maintenance living. Showcasing an appealing façade with Axon cladding and a strong 7-star energy rating, complemented by spacious interiors with 2,700mm ceilings that enhance the sense of light and space.

Read the full description

Designed with everyday functionality in mind, the open-plan kitchen, living and meals area features 20mm Caesarstone benchtops, 600mm built-in Westinghouse cooking appliances and downlights to the main living zones. Split-system heating and cooling ensures year-round comfort, while ceiling fans to the bedrooms and blinds throughout provide added convenience.

The master bedroom is generous in size and accompanied by a walk in robe and ensuite, while the second bedroom is adorned with built in robes and is serviced by the central bathroom complete with in-situ shower base and premium fixtures. The living area extends seamlessly to a generous 25sqm private outdoor space, complete with external storage and garden shed, offering a practical and low-maintenance outdoor setting ideal for entertaining or relaxing.

Positioned in the heart of Leopold, the unit offers effortless access to Gateway Plaza, cafes, and the Bellarine Peninsula, while providing a low maintenance lifestyle perfect for investors, downsizers, or professional couples seeking modern convenience and a stylish, connected address.

- Brand-new residence - stamp duty concessions may apply

- Energy-efficient home with a 7-star energy rating

- Light-filled open-plan kitchen, living and meals design

- 20mm Caesarstone benchtops and 600mm Westinghouse cooking

- 2,700mm ceilings creating a spacious feel

- Split-system heating and cooling ensures year round comfort

- Ceiling fans to bedrooms and blinds included throughout

- Stylish bathrooms with tiled shower bases and premium fixtures

- Private outdoor space ideal for entertaining or relaxing

- External garden shed and oversized SLUG add to convenience

Listing description written by David McGuinness, McGrath Geelong | Newtown — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Ensuites: 1
  • Fully Fenced
  • Shed
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.