Thomson at a glance
1,578
People
$578,000
Median sale
$472/wk
Median rent
4.25%
Suburb gross yield
Median sale from 12 recorded sales (last 24 months) — a Districts calculation.
$425,000
Last sold
23 Nov 2018
4
Bedrooms
1
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$425,000
23 Nov 2018 · derived via latest_sale
Thomson at a glance
1,578
People
$578,000
Median sale
$472/wk
Median rent
4.25%
Suburb gross yield
Median sale from 12 recorded sales (last 24 months) — a Districts calculation.
Vs Thomson
-26.5%
Median sale
Suburb $578,000
+1.53 pp
Gross yield
Suburb 4.25%
Suburb median $578,000 from 12 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
VICPlanning 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.
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
No advertised rent is recorded. Suburb median rent $472/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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Thomson at a glance
1,578
People
$578,000
Median sale
$472/wk
Median rent
4.25%
Suburb gross yield
Median sale from 12 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Real Estate GeelongSituated on the intersection of Ormond Road Thomson and the Bellarine Highway, just east of Geelong City, this property has excellent development potential STCA and situated only minutes from Geelong City.
1. What a great site if you’re a first home buyer or would be developer at a low entry price.
2. If its business exposure you want, have you ever thought about buying a property like this and applying for a business overlay to run a homebased business?
3. Zoned RGZ2 for higher density your options are greater than if you purchased a similar priced home one street back.
So much choice, consider your options!
Live here and enjoy the upside of this growing, in-demand suburb located just minutes from Geelong city, or operate a high-exposure home base business, or tenant it out with residential tenant and apply for signage permit to expose your business street side to the thousands of passing cars daily.
The property is complete with two living areas, one with a 'Jindara’ wood box heater and Braemar wall furnace in the family room. Four further bedrooms all with built in robes, carpet and vinyl over timber floors and high ceilings throughout the original house. A very serviceable kitchen and dining, good size bathroom, separate toilet and very large laundry, ample off-street parking making this the perfect starter or home-based business.
Whether you're a budding business owner, investor or someone looking to get into the property market, this property presents opportunities galore and should be inspected.
For more information please call Wes - Real Estate Geelong: Mobile 0419315727.
Listing description written by Wes Thornton, Real Estate Geelong — reproduced as published, not verified by Districts.
Victoria 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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.