Belmont at a glance
15,286
People
$783,000
Median sale
$498/wk
Median rent
3.31%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
VIC › Belmont › Summit Ave
$534,000
Last sold
23 Sept 2020
3
Bedrooms
1
Bathrooms
2
Car spaces
650 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
$534,000
23 Sept 2020 · derived via latest_sale
Local land rate: recorded House sales in Belmont (last 5 years) with land size have a median of $1,161/m² of land (n=50). Districts calculation from recorded sales — not a valuation.
Belmont at a glance
15,286
People
$783,000
Median sale
$498/wk
Median rent
3.31%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Belmont
-31.8%
Median sale
Suburb $783,000
+1.54 pp
Gross yield
Suburb 3.31%
Suburb median $783,000 from 15 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 $498/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
UnknownArea
Belmont at a glance
15,286
People
$783,000
Median sale
$498/wk
Median rent
3.31%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Roncon Real EstateAuction Location: Open Negotiation.
Set upon approximately 650m2 and boasting side lane access, this property presents buyers with a myriad of options! Whether you want to renovate the original home, wipe the slate clean to build your dream family abode, or use the expansive land size for development (STCA), this is the one for you!
Ideally positioned in a peaceful pocket of Belmont, this location will leave you wanting for nothing more. Families will be in their element with a wide selection of schools within walking distance, including Roslyn Primary School, Clairvaux Catholic School, Belmont High School and Barwon Valley School. The Stephen Street shops are just around the corner, while a short stroll will find you at the McDonald Reserve sporting grounds. To add to the conveniences, you will enjoy within each reach access to public transport, the High Street Shopping Precinct and Waurn Ponds Shopping Centre.
With the interiors in their charming original condition, the property has been re stumped & a new roofing & is overflowing with character and potential. The generous living room at the front of the home with its ornate lighting overlooks the calming and low maintenance front garden.
The kitchen exudes retro character with its built-in seating, while an oven and electric cooktop take care of your cooking needs. Overlooking the backyard, the sunroom is awash in Northern light. Three large bedrooms (one with built-in robes), bathroom, laundry and a separate toilet complete the layout. A gas wall heater and air conditioner provide comfort, while solar panels promote sustainable living.
The North-facing backyard provides a wealth of space for the vision of its future owners (STCA). The single carport offers undercover parking, while backyard vehicle access is another huge plus. The side lane way leads to a second carport, which is ideal for storing a caravan, trailer, or boat. The large powered workshop adds the finishing touch to this terrific property.
Don't miss this opportunity to make your mark in Belmont! Inspect without delay!
** ON The Market via online Auction; 'Openn Negotiation'. This online Auction process is open to all buyers, including those wanting to buy subject to finance or other potential conditions. This online auction is now active and underway. Contact Jess Templeton immediately to become enrolled to avoid any disappointment, as this property can sell at any time **
Roncon Real Estate – Always ON!
Disclaimer:
___________________________________________________________________
Disclaimer: All stated dimensions and areas are approximate and are to be used as a guide only. All particulars herein are for information only and do not constitute representation by the Owner or Agent. It is upon the purchaser to verify all specified items and dimensions, by doing their own due diligence.
Listing description written by Jess Templeton, Roncon Real Estate — 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.