North Geelong at a glance
3,350
People
$721,000
Median sale
$472/wk
Median rent
3.40%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
VIC › North Geelong › Thompson Rd
$619,000–$679,000
For sale
Asking range
$435,000
Last sold
3 Nov 2020
3
Bedrooms
1
Bathrooms
4
Car spaces
613 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
Asking
$619,000–$679,000
Asking range · $1,010/m² of land
Last recorded sale $435,000 (3 Nov 2020).
Local land rate: recorded House sales in North Geelong (last 5 years) with land size have a median of $1,553/m² of land (n=58). Districts calculation from recorded sales — not a valuation.
North Geelong at a glance
3,350
People
$721,000
Median sale
$472/wk
Median rent
3.40%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs North Geelong
-14.1%
Median sale
Suburb $721,000
+0.57 pp
Gross yield
Suburb 3.40%
Suburb median $721,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$37,463 on top of the price (6.1% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with North Geelong's advertised median rent — not a rent for this listing.
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.
Planning
Planning scheme
ZN
Zone
TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK
TRZ2
Jurisdiction
Greater Geelong
Greater Geelong, VIC
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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 614 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 $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.
Gross yield if leased at the suburb aggregate is 4.0%. 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
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 TRANSPORT ZONE 2 - PRINCIPAL ROAD NETWORK · TRZ2 (ZN). Official parcel area about 614 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?
KnownmediumOfficial parcel about 614 m² — land size can look like optionality. No 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
North Geelong at a glance
3,350
People
$721,000
Median sale
$472/wk
Median rent
3.40%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts North GeelongPerfectly positioned in one of Geelong's most convenient locations, this solid brick home offers the ideal combination of character, comfort and future potential on a generous 613sqm (approx.) allotment. Beautifully maintained and thoughtfully updated, it presents an exceptional opportunity for first home buyers, growing families, investors or tradespeople seeking space, practicality and an unbeatable location.
From the moment you arrive, the potential is clear, with the home's classic façade and established gardens creating an inviting first impression. Inside, you'll immediately appreciate the timeless elegance of polished hardwood floors, soaring ceilings, ornate decorative cornices and ceiling roses, and spacious proportions that reflect the craftsmanship of a bygone era. The generous light-filled lounge provides a warm and welcoming place to relax, seamlessly flowing through to the adjoining dining room to create a versatile living zone perfect for everyday family life and entertaining alike.
The updated kitchen is bright, functional and well equipped with ample storage and generous bench space, while the renovated bathroom offers modern finishes and a fresh contemporary feel. Three generous bedrooms provide comfortable accommodation, complemented by a separate laundry, separate toilet and a practical floorplan ready to enjoy while offering scope to further personalise over time.
Outside is where this property's true potential comes to life. Set on a generous 613sqm (approx.) allotment, the expansive backyard offers outstanding flexibility for a wide range of buyers. The long driveway leads to a substantial garage (in need of some love) along with multiple additional sheds, providing an ideal foundation for tradies, car enthusiasts, workshops, home businesses or those simply requiring exceptional storage. There is also exciting potential to further enhance the property with a second dwelling or granny flat (STCA), while still leaving plenty of room for children and pets to enjoy. Ample off-street parking provides space for additional vehicles, trailers, caravans or boats.
Positioned within easy reach of North Geelong Secondary College, Holy Family Primary School, the Separation Street shopping precinct, Bell Park Plaza, Bell Post Shopping Centre, North Geelong Train Station, Geelong CBD, the Waterfront, Cotton On headquarters and Geelong Ring Road access, this outstanding home delivers an enviable lifestyle with every convenience close by.
Whether you're looking to move straight in, invest, renovate, develop (STCA) or simply secure a substantial landholding in a rapidly growing location, this is an opportunity not to be missed.
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
Listing description written by Joe Grgic, Harcourts North Geelong — reproduced as published, not verified by Districts.