20 Cheryl Crescent
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About this property
A rare chance to secure an empty block with everything ready to go. This 697m² (approx.) parcel of land in the heart of Belmont is offered as two lots together, complete with approved plans and permits for two stylish townhouses. No demolition, no delays-just a clear site and a clear path to profit. The Details • Empty block - 697m² (approx.) • Two separate lots sold together • Approved plans for two contemporary 4 beds/2 baths townhouses Why Belmont? • Close to local schools, parks, and reserves, Deakin Uni, Epworth Hospital • Minutes from High Street shops and Waurn Ponds Shopping Centre • Quick access to Torquay Road and Geelong Ring Road. ROI Snapshot • Purchase Price: $615,000 - $645,000 • Potential Resale: $1.8M+ (two townhouses at approx. $850K-900k each) • Rental Income: $1,300/week combined Builders, investors, and future homeowners-this is your chance to buy smart and build fast.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 697 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Belmont
This land in Belmont, VIC 3216 sits within reach of public transport, local shops and nearby schools. It is listed 10% below the $664,000 median of 53 comparable landswithin 5 km.
Schools near Belmont
- Barwon Valley Schoolcombined · U · CoEd
- Christian College Geelong - Junior School – Belmontcombined
- Geelong English Language Schoolcombined · Prep-10 · CoEd
- Belmont Primary Schoolprimary · Prep-6 · CoEd
- Clairvaux Catholic Schoolprimary · Prep-6 · CoEd
- Oberon Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Davis Street/Princes Highway (bus) — 790 m away
- Blondies Hair — 559 m away
- Glenbrae Reserve — 345 m away
- Unnamed — 445 m away
- Francis Reserve — 556 m away
Belmont at a glance
Full suburb profile- Population
- 15,066
- Median age
- 37
- Household income
- $1,517/wk
- Median rent
- $350/wk
- Median mortgage
- $1,703/mo
Source: ABS Census.
Due diligence
Property Report
Future Development
Belmont is experiencing moderate development activity typical of established outer suburban areas in Greater Geelong, with focus on station precinct activation, medium-density infill within existing neighbourhoods, and supporting infrastructure. Growth is constrained by existing housing stock and industrial uses but council planning encourages incremental density around transport nodes and centres.
Nearby projects
5
Closest
0.5 km
Belmont Station Precinct Activation
Distance from this property is exact (rings = km). Direction is illustrative.
Belmont Station Precinct Activation
0.5 kmUrban renewal around Belmont railway station focusing on medium-density residential and local retail with improved pedestrian connectivity.
2026
Multi-lot Medium Density DAs
0.8 kmSeveral approved dual-occupancy and small multi-unit residential projects reflecting council's medium-density zoning policy.
2024-2025
Local Schools Infrastructure Upgrade
1.2 kmState government funded expansions to support growing residential population in surrounding suburbs.
2025
Belmont Industrial Area Consolidation
1.5 kmStaged consolidation and upgrade of existing industrial precinct with improved road access and drainage infrastructure.
2024-2025
Mountain Creek Estate Extension
2.5 kmGreenfield residential subdivision adding approximately 80-120 new dwellings in neighbouring growth corridors.
2025
Suburb market
Suburb price trend
Belmont price trend
Median sold · House 3 bed
Compound growth -0.2% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Belmont marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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