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
$705,300
Last sold
18 Dec 2019
3
Bedrooms
1
Bathrooms
1
Car spaces
451 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
$705,300
18 Dec 2019 · derived via latest_sale
Local land rate: recorded House sales in Geelong West (last 5 years) with land size have a median of $2,443/m² of land (n=42). 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
-19.9%
Median sale
Suburb $880,000
+0.69 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 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 $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.
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
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 Real Estate GeelongTHIS PROPERTY IS CURRENTLY UNDER OFFER.
In the heart and soul of Geelong’s West this delightful Victorian Cottage presents with features that provide for remarkable versatility.
With a quaint south facing frontage this property allows plenty of scope for creativity in the sun-filled, north-facing, cleared, enormous rear yard. Combine this with a very generous 451 square metres, a level site, and rear lane access from Veres Lane, and there is an abundance of wonderful housing development options here.
These options could include:
1. Design Your Own Single Dwelling,
2. Hold and occupy or rent out the existing dwelling
Option 1- Design Your Own Single Dwelling.
Live in it and enjoy everything Geelong West has to offer on your step while you plan your next move,.
In addition to the main dwelling (yep, there’s more!), the rear lane access provides an opportunity for a large garage without compromising the wonderful front façade. The location of the garage allows for a number of options including enough width for a triple garage, maybe a DLG and an office, what about an upstairs retreat/ loft/ office/ kids retreat/ accommodation. Overall this option could made for a remarkable home in a unique accessible and most desirable part of Geelong.
Option 2- Retain this beauty as is and either live in or rent out and reap the future benefits of a Geelong West property address. A location like this never ceases to amaze even the locals, with compounding capital growth over the years.
Which option you may decide here doesn’t matter, what does matter is that by purchasing here you have certainly future-proofed your investment.
It’s easy to see why Geelong’s West continues year on year to be one of Geelong’s most favorable locations. The energy and buzz of Geelong’s West and much loved Pakington Street is palpable. From the abundance of vibrant cafes and diversity of shopping, the delightful north facing waterfront a mere stroll away, the beautifully restored Deakin University building, Geelong’s central train station and the CBD all within walking distance, opportunities like this are unique.
Don’t miss the perfect opportunity here to grab this absolute ripper and enjoy the options aplenty here. Get ready to start living in Geelong’s most sought-after location, your only regret will be wishing you had done it sooner.
For more information call Wes on 0419 315 727
All information offered by Real Estate Geelong is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Real Estate Geelong and its representatives pass on this information. Real Estate Geelong does not determine whether the information is accurate or not and as a prospective purchaser you are advised to make your own judgement and do your own due-diligence with respect to any information supplied. Real estate Geelong or its representatives will not be held liable for any loss resulting from any action or decision by you in reliance on the information. Use of such material is at your sole risk. All site plans and floor plans are simply ideas and concepts that maybe worth exploring, they do not represent in any way the development or investment potential of this property. Please obtain professional advice from such professionals as Town Planners, Designers, Accountants, Tax Specialists, Building and Land Surveyors and any other consultants necessary to determine what options are available with this property.
Listing description written by Wes Thornton, Real Estate Geelong — reproduced as published, not verified by Districts.