Belmont at a glance
15,286
People
$787,500
Median sale
$498/wk
Median rent
3.29%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
VIC › Belmont › Colac Grove
$660,000
Last sold
25 Aug 2021
3
Bedrooms
1
Bathrooms
1
Car spaces
679 m²
Land
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
$660,000
25 Aug 2021 · derived via latest_sale
Local land rate: recorded House sales in Belmont (last 5 years) with land size have a median of $1,161/m² of land (n=50). Districts calculation from recorded sales — not a valuation.
Belmont at a glance
15,286
People
$787,500
Median sale
$498/wk
Median rent
3.29%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Belmont
-16.2%
Median sale
Suburb $787,500
+0.63 pp
Gross yield
Suburb 3.29%
Suburb median $787,500 from 14 recorded sales (last 12 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 $498/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
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?
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.
Area
Belmont at a glance
15,286
People
$787,500
Median sale
$498/wk
Median rent
3.29%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gartland PropertyREGISTRATION REQUIRED FOR ALL VIEWING SESSIONS - PLEASE CONTACT AGENT TO REGISTER
A much-loved original 3 bedroom brick house offers an exciting launchpad into the Belmont market with a magnificent, North-facing backyard across approximately 679sqm. Multiple primary and secondary schooling options are within a short safe walk. Students attending Deakin University can ride their bikes to the Waurn Ponds campus in 15 minutes or take an 8-minute bus ride. Luxuries of Belmont's High St or Waurn Ponds Shopping Centres feature cafes, entertainment and supermarkets that are all within 5 minutes drive. Kardinia Health medical centre is only around the corner coupled with Leisurelink aquatic and recreation centre just down the hill.
First home buyers can get straight in and enjoy a comfortable start with gas heating in the lounge and a well-maintained bathroom and kitchen for functionality that will get you up and running. All bedrooms have loads of light, 2 of which are already set up with built-in robes. A blank canvas backyard, full of opportunities for re-establishment has a pleasant outlook onto mature trees from neighbouring family homes. Future capacity for possible re-development (STCA) will bring attention to those playing the longer game - witness to Geelong's exciting demand for townhouse options and fast population growth with huge future projections.
13 minutes in the car to the Geelong CBD and Waterfront. Torquay and the beach are only 21 minutes down the Surf Coast Highway. Melbourne in just over an hour, via easy Geelong Ring Road access points. This location has it all.
Contact Tom today for multiple viewing options - including virtual tours via Facetime or WhatsApp.
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 regional Victoria restrictions when inspecting this property.
These include;
• Wearing a mask at all times when indoors.
• Keeping 1.5m distance during your visit, where possible.
• A limit of 10 people applies at all open for inspections and a limit of 100 people applies at all auctions, subject to density limits of 1 person per 4sqm.
• QR code check-in is now a Victorian Government requirement at all open for inspections and auctions.
Listing description written by Tom Luxton, Gartland Property — reproduced as published, not verified by Districts.