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VIC › St Leonards › King George St

46 King George St, St Leonards VIC 3223

For saleLand for Sale

$395,000–$430,000

For sale

Asking range

0

Bedrooms

0

Bathrooms

0

Car spaces

513 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $395,000–$430,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $395,000–$430,000(Listing record · 5 June 2026)
  • FactLand 513 m²; no building size recorded.(Property record)
  • CalculationAsk is 43% below the St Leonards median recorded sale ($690,000, n=120, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at St Leonards's advertised median rent ($472/wk), implied gross yield would be 6.21% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$395,000–$430,000

Asking range · $770/m² of land

No recorded sale for this property.

St Leonards at a glance

3,765

People

$690,000

Median sale

$472/wk

Median rent

3.56%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full St Leonards report →

Vs St Leonards

-42.8%

Median sale

Suburb $690,000

+2.65 pp

Gross yield

Suburb 3.56%

Suburb median $690,000 from 120 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$395,000
Stamp Duty (Victoria)
$18,770
Transfer/Registration Fee
$1,029
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$418,499

$23,499 on top of the price (5.9% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with St Leonards's advertised median rent — not a rent for this listing.

Net yield
4.71%
Annual cashflow (pre-tax)
$-1,921
Interest cover (DSCR)
0.91
Annual rent
$24,544
Operating expenses
$5,925
Loan amount
$316,000
Annual interest
$20,540
Gross yield
6.21%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$395,000–$430,000available5 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 6.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

St Leonards in one glance

St Leonards at a glance

3,765

People

$690,000

Median sale

$472/wk

Median rent

3.56%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full St Leonards report →

Keep researching

  • Why St Leonards? Read the area thesis →
  • What else is on the market in St Leonards →
  • Other records on King George St →

Listing material

Listed by Bellarine Property

Timeless Coastal Beauty in a Quiet Court Setting

The Feel:

A superb opportunity awaits on this generous 513sqm (approx.) allotment, offering the ideal canvas for a contemporary coastal residence in one of the region’s most relaxed lifestyle pockets. With its sought after north facing rear aspect, the block is perfectly positioned to embrace natural light and support an effortless indoor-outdoor way of living. Nestled within the thoughtfully designed Seaside Estate, the address places you just 900m from the shoreline and a short 3km trip to the welcoming heart of St Leonards village. Whether you’re envisioning a permanent sea change, a weekend retreat or a future focused investment, this vacant landholding presents a rare chance to shape your own coastal sanctuary in a location that celebrates leisure, simplicity, and the charm of life by the bay.

The Facts:

Read the full description

-Cleared & fully-fenced 513sqm (approx.) in a thoughtfully-designed master-planned community

-Fully serviced & primed for the creation of a bespoke coastal retreat (STCA)

-A generous 32m depth & near 16m frontage deliver exceptional scope for design creativity

-Desirable north-to-rear orientation caters to a sunlit alfresco lifestyle

-Embrace life by the bay, just 900m from pristine coastline & foreshore walking tracks

-Natural wonders are on your doorstep, with scenic parks, the Edwards Point Wildlife Reserve & the tranquil St Leonards Lake Reserve

-The area’s calm bay beaches invite a range of activities including sailing, fishing & swimming

-An 18 hole country style course at St Leonards Golf Club sits just five minutes away

-A 5min drive places you in the vibrant St Leonards Village for shopping, dining & primary school

-Secure a foothold in a friendly coastal community where relaxed living comes naturally

The Owner Loves….

“This block has always inspired a sense of possibility. With the beach so close and the neighbourhood so peaceful, it’s the kind of place where you can slow down, breathe deeply and create a home that feels connected to the coast.”

*All information offered by Bellarine Property 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 Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own inquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Listing description written by Andrew Kibbis, Bellarine Property — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.