Lara at a glance
22,225
People
$740,000
Median sale
$514/wk
Median rent
3.61%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
VIC › Lara › Springwater Dr
$727,500
Last sold
13 Aug 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
596 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
$727,500
13 Aug 2026 · derived via latest_sale
Local land rate: recorded House sales in Lara (last 5 years) with land size have a median of $1,375/m² of land (n=74). Districts calculation from recorded sales — not a valuation.
Lara at a glance
22,225
People
$740,000
Median sale
$514/wk
Median rent
3.61%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs Lara
-1.7%
Median sale
Suburb $740,000
+0.06 pp
Gross yield
Suburb 3.61%
Suburb median $740,000 from 44 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 $514/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.
Nearby
Area
Lara at a glance
22,225
People
$740,000
Median sale
$514/wk
Median rent
3.61%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White LaraWhether you're looking to expand your investment portfolio or secure a low maintenance home in a highly sought after Lara location, this beautifully presented residence is ready to move straight into. Offering multiple living zones, quality finishes and fantastic outdoor entertaining, this home provides comfort, practicality and long term appeal.
Featuring three spacious bedrooms, two generous living areas, central heating and evaporative cooling, this well designed home flows effortlessly through to the covered pergola entertaining area, complemented by a double garage with convenient drive-through access to the backyard.
The well appointed kitchen is equipped with a 600mm freestanding electric oven, gas cooktop, stainless steel rangehood, tiled splashback and ample bench space, with overhead cabinetry providing plenty of storage for everyday convenience.
The formal living and dining area showcases tiled flooring and an abundance of natural light through large windows fitted with both block out and sheer blinds. Double sliding doors create a seamless connection to the outdoor entertaining area, making it perfect for both family living and entertaining guests.
A separate second living or theatre room offers additional flexibility, featuring carpeted flooring, two large windows and block out with sheer blinds, making it the ideal retreat for movie nights, a children's playroom or quiet relaxation.
The generous master bedroom includes a walk in robe leading through to the private ensuite, complete with a large single vanity, full size shower, oversized mirror, frosted privacy window and block out with sheer blinds.
The remaining two bedrooms are well proportioned and feature carpeted flooring, built in robes and block out blinds, providing comfortable accommodation for family members or guests.
The centrally located main bathroom is fitted with a full size bath, separate shower and single vanity with ample storage, servicing the home with both style and practicality.
The laundry offers additional cabinetry, generous storage, a built in trough and direct access to the backyard for everyday convenience.
Modern comforts include central heating, evaporative cooling, LED downlights throughout, a Crimsafe security screen door, a double garage with drive-through rear access, a covered pergola entertaining area, a 2m x 3m garden shed and a grey water tank with pump.
Conveniently positioned close to local early learning centres, primary and secondary schools, shopping centres and everyday amenities, the property is just a six-minute drive to Lara Train Station and shopping precinct, seven minutes to the Geelong Ring Road, approximately 23 minutes to Geelong CBD and around 56 minutes to Melbourne.
Perfectly suited to savvy investors, first home buyers, downsizers or anyone searching for a quality, low-maintenance home in a family-friendly location.
For all inspections, please contact Chris McKay on 0499 041 112 or James Woof on 0418 882 303.
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.*
*Photo ID is required at all open for inspections.*
Listing description written by Chris McKay, Ray White Lara — reproduced as published, not verified by Districts.