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20 Cheryl Crescent, Belmont$600,000

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20 Cheryl Crescent

Belmont, VIC 3216, Australia

$600,000

697 m²

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Listing description

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

Repayment calculator

$2,909/month

$1,454 /fortnight

Loan $480,000 at 6.10% over 30 years

Upfront costs

Deposit$120,000

Stamp duty$31,070

Conveyancing (est.)$2,000

Total upfront$153,070

Verify with VIC revenue office →

Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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

Flood Risk

Complete

Low flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO) – localised areas

Belmont is a suburban locality in the City of Greater Geelong with low-to-moderate flood risk. While parts of the area are covered by the Land Subject to Inundation Overlay (LSIO) due to localised drainage and potential overland flow paths, there is no major river corridor designation. Properties outside mapped LSIO areas are generally considered low risk, though site-specific flood assessment and drainage design remain important planning considerations.

Planning controls

Compliance with VIC Planning Scheme LSIO requirements for floor levels and building design in mapped areas
Consideration of overland flow paths and drainage during site planning and subdivision
Assessment against State Planning Policy Framework (SPPF) Clause 13.02 (Floodplain Management)

Source: StMate AI — VIC flood overlays07/06/2026

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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