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VIC › Drysdale › Princess St

20 Princess St, Drysdale VIC 3222

House

$600,000

Last sold

25 Jan 2021

3

Bedrooms

1

Bathrooms

2

Car spaces

1,295 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 $600,000 (25 Jan 2021).(Recorded sale)
  • FactLand 1,295 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)

What could make it worth more?

  • FactZoned RESIDENTIAL GROWTH ZONE - SCHEDULE 2 (RGZ2) under the ZN.(Vicmap Planning · 31 Aug 2026)

What could make it worth less?

  • FactPROTECTED SETTLEMENT BOUNDARY intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)
  • FactDESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 33 intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)
  • FactHERITAGE OVERLAY (HO1620) intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)

What should you verify next?

  1. 1PROTECTED SETTLEMENT BOUNDARY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 33 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3HERITAGE OVERLAY (HO1620) affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  4. 4No 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

$600,000

25 Jan 2021 · derived via latest_sale

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

-19.2%

Median sale

Suburb $742,500

+0.88 pp

Gross yield

Suburb 3.70%

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

Planning

Planning and development

Planning scheme

ZN

Zone

RESIDENTIAL GROWTH ZONE - SCHEDULE 2

RGZ2

Jurisdiction

Greater Geelong

Greater Geelong, VIC

Planning overlays

  • PROTECTED SETTLEMENT BOUNDARYDetected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 41009302

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

Detected — official

The official layer maps a heritage listed area on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.

Records

Property history

  1. Sold$600,00025 Jan 2021
  2. Listedprice unknowncompleted2 Sept 2020
  3. Listedprice unknowncompleted2 Sept 2020

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?

Confidence: medium

Zoned RESIDENTIAL GROWTH ZONE - SCHEDULE 2 · RGZ2 (ZN). Official parcel area about 1,293 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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.

What could kill that thesis?

Confidence: medium

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 1,293 m² — land size can look like optionality. What reduces it: PROTECTED SETTLEMENT BOUNDARY; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 33; HERITAGE OVERLAY (HO1620). Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. 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. Heritage constraints are a maintenance and alteration cost, not usually a rent premium by themselves.

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

Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.

Detail

Official parcel about 1,293 m² — land size can look like optionality. What reduces it: PROTECTED SETTLEMENT BOUNDARY; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 33; HERITAGE OVERLAY (HO1620). Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

Read more

Nearby competing dwellings and net yield are still unknown.

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned RESIDENTIAL GROWTH ZONE - SCHEDULE 2 · RGZ2 (ZN). Official parcel area about 1,293 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    Official parcel about 1,293 m² — land size can look like optionality. What reduces it: PROTECTED SETTLEMENT BOUNDARY; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 33; HERITAGE OVERLAY (HO1620). Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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 Princess St →

Listing material

Listed by Hayeswinckle Drysdale

1295m2 Commercially Zoned Parcel!

Rarer than finding a needle in a haystack, this unique opportunity is the epitome of 'Once in a Lifetime'. Zoned Commercial and one of the last in Drysdale available, when it's gone… it's gone!

Tucked away, but still in the center of all the action, your options for this rare finding are endless. The quaint 1950's abode offers comfortable family living, with fully equipped kitchen overlooking a versatile living and dining space. 3 bedrooms are on offer, all offering built-in-robes, central bathroom, separate toilet, study nook and complete with formal lounge sitting at the fore of the home, offering tranquil garden views. A light and airy sunroom offers access to the back garden, where a 3-car garage with workshop, carport, additional shedding, and a manicured back garden offers a wealth of opportunity.

They say that location is forever, and it doesn't get any better than this. If you're looking for a permanent residence, you're surrounded by beautiful period homes, with a cul-de-sac position, you will feel like you're a million miles away, however, have everything at your doorstep. Leave the car at home, as public transport to Geelong, neighbourhood and childcare center, cafes, all schools, medical facilities, supermarkets, and all specialty shops are only a short stroll away.

Read the full description

In the center of Drysdale, offering 1295m2 of pure, prime land, if you are thinking from a commercial perspective, this allotment is a no brainer.

A café, restaurant, business offices, health or education options; (STCA) the list goes on.

This is one for the savvy investor or the forward thinker. Secure today and reap the ongoing rewards and opportunity forever.

*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 Janet Atkins, Hayeswinckle Drysdale — reproduced as published, not verified by Districts.

Property features

  • Toilets: 1
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.