Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

VIC › Point Cook › Covent Gardens

2 Covent Gardens, Point Cook VIC 3030

For saleHouse

$799,000–$849,000

For sale

Asking range

$590,000

Last sold

12 Aug 2019

4

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $799,000–$849,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $799,000–$849,000(Listing record · 25 June 2026)
  • CalculationAsk is 2% below the Point Cook median recorded sale ($815,000, n=113, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Point Cook's advertised median rent ($529/wk), implied gross yield would be 3.44% — 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

$799,000–$849,000

Asking range

Last recorded sale $590,000 (12 Aug 2019).

Point Cook at a glance

72,239

People

$815,000

Median sale

$529/wk

Median rent

3.38%

Suburb gross yield

Median sale from 113 recorded sales (last 12 months) — a Districts calculation.

See the full Point Cook report →

Vs Point Cook

-2.0%

Median sale

Suburb $815,000

+0.06 pp

Gross yield

Suburb 3.38%

Suburb median $815,000 from 113 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$799,000
Stamp Duty (Victoria)
$43,010
Transfer/Registration Fee
$1,974
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
$847,684

$48,684 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

Based on the low end of the asking range, not a contract price.

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

Net yield
1.94%
Annual cashflow (pre-tax)
$-26,025
Interest cover (DSCR)
0.37
Annual rent
$27,508
Operating expenses
$11,985
Loan amount
$639,200
Annual interest
$41,548
Gross yield
3.44%

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

201920232026$590k$799k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$799,000–$849,000available25 June 2026
  2. Sold$590,00012 Aug 2019
  3. Listedprice unknowncompleted9 July 2019

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 $529/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 3.4%. 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

Point Cook in one glance

Point Cook at a glance

72,239

People

$815,000

Median sale

$529/wk

Median rent

3.38%

Suburb gross yield

Median sale from 113 recorded sales (last 12 months) — a Districts calculation.

See the full Point Cook report →

Keep researching

  • Why Point Cook? Read the area thesis →
  • What else is on the market in Point Cook →
  • Other records on Covent Gardens →

Listing material

Listed by Reliance Real Estate Point Cook

Where Every Morning Starts Beautiful - East-Facing & Impossible to Ignore

You've been looking for something special a home that stops you in your tracks the moment you pull up. This is it.

From the street, the east-facing façade catches the morning light beautifully, framing a front yard that genuinely turns heads. It's the kind of kerb appeal that makes you slow down, take a breath, and think: this is the one.

Nestled in one of Point Cook's most coveted pockets - just moments from Sanctuary Lakes Shopping Centre and walking distance to Lumen Christi Catholic Primary School - the location alone is worth falling in love with. But step inside, and the home more than matches the promise of its exterior.

Read the full description

You're welcomed by a sun-drenched formal lounge - warm, generous, and instantly inviting. Move through to the heart of the home and you'll find a stunning entertainer's kitchen appointed with quality stainless steel appliances including a gas cooktop, oven, rangehood, and dishwasher, all anchored by ample storage that makes everyday living effortless.

The open-plan living and dining zone flows seamlessly out to a timber-decked pergola dressed with café blinds - your own private sanctuary for weekend BBQs, long lunches, and everything in between. The low-maintenance backyard means more time enjoying it, less time maintaining it.

Also on the ground floor: an oversized bedroom with built-in robes, a separate powder room, generous under-stair storage, and a well-appointed laundry with external access - the kind of thoughtful detail that makes daily life just work.

Upstairs, the master suite delivers the retreat you deserve - walk-in robe, private ensuite, and a sense of calm that's hard to put into words. Two additional bedrooms with built-in robes are serviced by a central family bathroom and separate toilet, perfectly suited to growing families.

Throughout the home: ducted heating, evaporative cooling, soaring high ceilings, downlights, quality light fittings, security doors, and an exposed aggregate concrete driveway that adds to that already-impressive street presence.

Also within easy reach: Carranballac P-9 College, Point Cook Town Centre, childcare, wetlands, parklands, bus stops, and freeway access for the daily commute.

Key Features:

- East-facing with a stunning, eye-catching front yard

- Steps from Sanctuary Lakes Shopping Centre & Lumen Christi Catholic Primary School

- 4 spacious bedrooms | Master with WIR & ensuite

- Multiple living zones

- Aircon split systems in the living area

- Modern entertainer's kitchen with stainless steel appliances

- Open-plan living & dining flowing to timber-decked pergola with café blinds

- Ducted heating & evaporative cooling

- High ceilings & downlights throughout

- Large under-stair storage

- Exposed aggregate driveway

- Walking distance to schools, shopping, transport & parklands

- Easy freeway access

- Aircon split systems in the living area

Homes like this don't come around often. When they do, they don't last.

Don't miss this fantastic opportunity to secure a quality family home in a premium Point Cook location

Photo ID required for all inspections.

Please see the below link for an up-to-date copy of the Due Diligence Checklist:

http://www.consumer.vic.gov.au/duediligencechecklist

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent

*Images for illustrative purposes only*

Listing description written by Inder Vasu, Reliance Real Estate Point Cook — reproduced as published, not verified by Districts.

Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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