Geelong West at a glance
8,284
People
$880,000
Median sale
$466/wk
Median rent
2.75%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
VIC › Geelong West › Preston St
$1,672,000
Last sold
5 Mar 2022
4
Bedrooms
2
Bathrooms
2
Car spaces
558 m²
Land
Districts View
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
$1,672,000
5 Mar 2022 · derived via latest_sale
Local land rate: recorded House sales in Geelong West (last 5 years) with land size have a median of $2,435/m² of land (n=41). Districts calculation from recorded sales — not a valuation.
Geelong West at a glance
8,284
People
$880,000
Median sale
$466/wk
Median rent
2.75%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Geelong West
+90.0%
Median sale
Suburb $880,000
-1.30 pp
Gross yield
Suburb 2.75%
Suburb median $880,000 from 6 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 3
NRZ3
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.
The official layer maps a heritage listed area on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 1 Sept 2026). Verify the extent against the title before relying on unaffected land.
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 NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 3 · NRZ3 (ZN). Official parcel area about 558 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.
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. The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO1962); SPECIAL BUILDING OVERLAY. 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
No advertised rent is recorded. Suburb median rent $466/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.
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
Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.
Detail
The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO1962); SPECIAL BUILDING OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Nearby competing dwellings and net yield are still unknown.
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 NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 3 · NRZ3 (ZN). Official parcel area about 558 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
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?
KnownmediumThe listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO1962); SPECIAL BUILDING OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
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
Geelong West at a glance
8,284
People
$880,000
Median sale
$466/wk
Median rent
2.75%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gartland PropertyThis circa-1900 Edwardian showcases a masterful union of period grandeur and contemporary elegance.
Located less than 400 metres from Pakington Street, this magnificent residence is known for being one of the few double-brick Edwardians built in the Waterloo Precinct of Geelong West. The interiors reflect the home's rich history, with beautifully-retained period details including polished floorboards and soaring ceilings with decorative cornice.
The open plan living/dining zone is perfectly designed for modern family living, with glass stacker doors opening onto the outdoor entertaining deck and solar-heated pool zone. This seamless indoor-outdoor flow places entertaining at the top of your to-do list. So why not cook up a storm in the luxe outdoor kitchen? Or light up the pizza oven on a balmy summer night? Guests will be in absolute comfort thanks to automated shade blinds, electric heaters and a ceiling fan.
Lined with lush bamboo and tropical gardens, the self-cleaning swimming pool creates your very own private oasis. The poolside deck entices you to relax under the shade, while the spa jets inspire you to enjoy laidback nights under the stars.
The kitchen is a masterpiece of understated luxury with stone benchtops, two built-in pantries and high-end appliances (Electrolux wall oven, steam combi oven, 5-burner gas cooktop, SMEG 900mm rangehood, Bosch dishwasher). The original stove (non-functioning) adds irresistible character, while the dedicated wine room will delight entertainers.
Parents will adore the main bedroom, which features a fully-fitted walk-in robe and elegant en suite. Three additional bedrooms (two with built-in robes) share close access to the main bathroom, which is graced with a freestanding tub. The study nook makes working from home a breeze, while the laundry boasts a drying cupboard.
Other standout features include ducted heating, a split-system air conditioner, ornate fireplaces, solar panels, double glazing to the main living zone, and an outdoor shower. The home's hot water system can also be connected to the pool's solar supply during the summer months. The electric gate provides secure vehicle access to the backyard, which is home to the remote double lock-up garage.
A blissful lifestyle is yours to keep with Pakington Street placing the finest cafes, restaurants, boutiques and big-brand stores virtually on your doorstep. The Kenworthy Reserve playground is a short stroll away, while Ashby Primary School and Saint Patricks Primary School are within walking distance. Melbourne commuters will appreciate that they can stroll to the Geelong Train Station. To top it all off, the nearby footbridge grants easy access to the Waterfront and Geelong CBD.
Potential rent return at $800per week. To discuss in further detail please contact Emily Reid on 0411 497 783.
To protect the health and safety of all Gartland Property staff and clients, and in line with current COVID-19 updates, you will be asked to adhere to the current Victorian restrictions when inspecting this property.
These include;
• Keeping 1.5m distance during your visit, where possible.
• QR code check-in is now a Victorian Government requirement at all open for inspections and auctions.
Listing description written by Will Ainsworth, Gartland Property — reproduced as published, not verified by Districts.