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.
VIC › Thomson › Carruthers Ct
$470,000
Last sold
6 Nov 2023
3
Bedrooms
2
Bathrooms
0
Car spaces
736 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
$470,000
6 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Thomson (last 5 years) with land size have a median of $1,007/m² of land (n=30). Districts calculation from recorded sales — not a valuation.
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
-18.7%
Median sale
Suburb $578,000
+0.97 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 Gartland PropertyOccupying approx. 736m2 and sitting opposite a charming reserve, this property presents an incredible opportunity for first homebuyers, renovators and developers alike (STCA).
High ceilings and original hardwood floorboards add a touch of character to the front of the home. The front lounge flows into the dining/kitchen zone, which features a breakfast bar and stainless steel appliances (900mm oven, 5-burner gas cooktop). The spacious family room is the ideal hangout space for kids and teens, with a sliding door opening onto the alfresco area and backyard. Three bedrooms (one with built-in robes) are serviced by two bathrooms, while the versatile home office boasts external access. The laundry and separate toilet complete the layout.
Other features include a split-system air conditioner, and an approx. 3-year-old hot water service and ducted heating. Mature trees create a windless microclimate and sense of privacy in the backyard, which is also home to two garden sheds. The driveway provides backyard vehicle access for boat/caravan storage.
With the Bellarine Rail Trail across the road, you can walk or cycle as far along the peninsula as you fancy. No need to park, just walk to the events at the Geelong Showgrounds or watch the fireworks from your front yard. Public transport is also a short stroll away, along with local shops and the Thomson Recreational Reserve. Young families will appreciate that they can walk to St Margarets Primary School or Tate Street Primary School and then pick up a coffee from The Sprout About Café. The vibrant Garden Street shopping precinct is moments away, while easy access to the South Geelong Train Station and Geelong CBD is a huge plus.
Potential rent return at $360 - $380 per week. Should the property be re-painted and re-carpeted, the estimated rental is approximately $420 per week. To discuss in further detail please contact Emily Reid on 0477 922 969.
Listing description written by Will Ainsworth, Gartland Property — 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.