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.
For sale
For sale
7
Bedrooms
4
Bathrooms
4
Car spaces
21,500 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
Asking
No recorded sale price for this property yet.
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.
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.
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 Altora GlobalBEST OFFERS BY 13 SEPTEMBER – UNLESS SOLD PRIOR
Some properties are bought for the home.
Others are bought for the land.
60 Elcho Road gives you both — twice over.
Positioned on approximately 5.3 acres (2.15ha) in Lara, this substantial holding combines two self-contained dwellings, seven bedrooms, four bathrooms, extensive shedding, a swimming pool and equestrian infrastructure with a location surrounded by one of Greater Geelong's significant growth areas.
Live here.
Bring the extended family.
Generate income.
Run your lifestyle from the property.
Or secure approximately 5.3 acres and investigate what Lara's continuing expansion could mean for the land over the longer term.
The owners have set a date.
All genuine offers are invited by 13 September, unless sold prior.
TWO HOMES. SEPARATE LIVING.
This isn't simply a house with a granny flat.
The property incorporates two self-contained dwellings, historically described as being separately metered and rated, creating genuine flexibility for larger and multi-generational households or investors.
MAIN RESIDENCE
The substantial main home provides:
• Four-bedroom configuration
• Two bathrooms
• Multiple living zones
• Renovated kitchen
• Generous family accommodation
• Ducted heating
• Refrigerated cooling
• Coonara wood heater
• Double-brick garage with internal access
There's room to spread out without sacrificing the functionality needed for everyday family life.
SECOND RESIDENCE
Then there's an entirely separate accommodation proposition.
The second dwelling provides:
• Three-bedroom configuration
• Two bathrooms
• Kitchen and central living area
• Car accommodation
• Solar system
Parents.
Adult children.
Extended family.
Guests.
Or potential additional income.
Few properties give buyers this amount of flexibility before you even consider the land.
AND THEN THERE'S 5.3 ACRES.
Approximately 21,489m² according to current property records.
The improvements extend well beyond the two residences.
There's substantial shedding and workshop/storage space.
A horse paddock.
Stable.
Tack room.
Multiple vehicle accommodation.
Two driveway accesses.
And an in-ground swimming pool for the warmer months.
For families, tradies, horse owners and buyers simply wanting room around them, it's an enormous lifestyle proposition.
BUT THE LOCATION MAY BE THE BIGGER STORY.
Lara isn't standing still.
The City of Greater Geelong is progressing planning for substantial growth through the Northern and Western Geelong Growth Areas, including precinct planning around Elcho Road.
Council planning material identifies Elcho Road as an important part of the future transport network servicing growth in northern Geelong, with sections anticipated to require upgrades as development progresses.
That makes a substantial acreage holding in this broader location worthy of attention from buyers taking a longer-term view.
No representation is made that the subject property can be subdivided, rezoned or developed for any particular purpose. Buyers considering future development or land-banking potential must undertake their own planning investigations and due diligence.
ONE PROPERTY. MULTIPLE BUYER PROFILES.
The lifestyle buyer
Approximately 5.3 acres, two homes, pool, shedding and room for horses.
The extended family
Two separate residences providing genuine separation while keeping generations on the same property.
The investor
Two accommodation components and a substantial underlying landholding.
The land banker
Approximately 2.15ha positioned in Lara while significant long-term planning and growth continues around the broader area.
The tradie or business owner
Substantial shedding, vehicle accommodation, land and multiple access points.
That's why 60 Elcho Road deserves to be considered as more than simply another acreage home.
PROPERTY HIGHLIGHTS
• Approximately 5.3 acres / 2.15 hectares
• Two self-contained dwellings
• Seven bedrooms combined
• Four bathrooms combined
• Multiple living areas
• Two driveway accesses
• Extensive garaging and shedding
• In-ground swimming pool
• Horse paddock
• Stable and tack room
• Solar to second residence
• Ducted heating and refrigerated cooling to main residence
• Convenient access towards Lara, Geelong and the Princes Freeway
• Strategic position within the broader northern Geelong/Lara growth environment
THE DATE IS SET.
Instead, we're inviting lifestyle buyers, families, investors and strategic land buyers to look at the entire proposition and determine what 5.3 acres + two residences + extensive infrastructure + this Lara position represents to them.
Listing description written by Roma Dar, Altora Global — reproduced as published, not verified by Districts.