6/41A Settlement Road, Belmont VIC 3216
6/41A Settlement Road, Belmont VIC 3216
Detached house on 646m² | sold $700k Jan 2026 | school-catchment certainty | established Belmont pocket | no overlay risk.
This property holds a genuine competitive edge through its detached-house form on a 646m² block, which is materially larger than the townhouse and strata stock appearing along the same street. The 208m² footprint supports a substantial family layout, and the combination of polished timber floors, updated kitchen, and new carpet in the bedrooms points to a partly refreshed older home rather than a tired original. Its position within Oberon Primary and Belmont High catchments, paired with close access to High Street, parklands, and the Geelong CBD, makes it a strong fit for young families or investors seeking established-location rental demand. The absence of bushfire, flood, or heritage overlays reduces approval friction for future changes, while the January 2026 sale at $700,000 provides a recent and concrete market reference.
The property’s value may be influenced by its older construction age, which is not documented but implied by the verandah and timber-floor character; buyers should weigh potential maintenance costs against the benefit of a larger lot. The single-bathroom layout might limit appeal for some families, and the lack of confirmed north-facing aspect could affect light quality compared to renovated neighbours on the same street. Rental yield cannot be precisely estimated from available information, but the three-bedroom configuration and school proximity suggest solid mid-market demand. The property’s strongest value levers are land size, condition upgrades, and catchment certainty, while its constraints are age-related unknowns and bathroom count.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/41A Settlement Road, Belmont VIC 3216
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Belmont, in Greater Geelong, is a family-oriented market with high owner-occupancy at 62.8%. Demand is led by professional couples with children, reflecting stable household formation. House prices sit around $700,000, with annual growth between 0.4% and 2.4% and a recent quarterly fall of -1.1%. Units are the outperformer, up 8.57% over the year to a $570,000 median, supported by gross yields reaching 4.49%. Sales volumes remain steady at roughly 300 houses annually, with units adding another 109 transactions. Future growth is tied to units’ relative affordability and rental appeal, though house price stagnation and sensitivity to interest rates are key constraints.
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PropCred Estimated Value
Comparable Sales: 83 Settlement Road (3/1/2, 564m²) listed $639k–$689k; 6 Settlement Road sold $700k Jan 2026 | Property Price Band: $650k–$750k | Value Drivers: land size, updated condition, school catchment.
Bedrooms
3
Bathroom
2
Parking
1
Land
196m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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