Lakelands at a glance
1,634
People
$1,022,500
Median sale
$450/wk
Median rent
2.29%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
NSW › Lakelands › Ulverston Way
$1,025,000
Last sold
31 Mar 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
512 m²
Land
117 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
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
$1,025,000
31 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Lakelands (last 5 years) with land size have a median of $1,714/m² of land (n=19). Districts calculation from recorded sales — not a valuation.
Lakelands at a glance
1,634
People
$1,022,500
Median sale
$450/wk
Median rent
2.29%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Lakelands
+0.2%
Median sale
Suburb $1,022,500
-0.01 pp
Gross yield
Suburb 2.29%
Suburb median $1,022,500 from 6 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Lake Macquarie Local Environmental Plan 2014
Zone
Low Density Residential
R2
Jurisdiction
Lake Macquarie
Lake Macquarie, NSW
Not detected
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.
The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 30 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWZoned Low Density Residential · R2 (Lake Macquarie Local Environmental Plan 2014). Official parcel area about 513 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $450/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned Low Density Residential · R2 (Lake Macquarie Local Environmental Plan 2014). Official parcel area about 513 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Lake Macquarie Local Environmental Plan 2014). Official parcel area about 513 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
KnownmediumNo development applications were returned for this parcel. That is not a statement about nearby lots.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Lakelands at a glance
1,634
People
$1,022,500
Median sale
$450/wk
Median rent
2.29%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by SOLD Real EstateHomes like this are becoming harder and harder to find. Positioned in a quiet pocket of Lakelands, this single-level brick home delivers the rare combination buyers are constantly searching for, genuine lake views, a completely flat block, and a practical, easy-flow layout designed for everyday living.
From the moment you step inside, the home opens into a spacious living area positioned perfectly to capture the outlook. Large front windows frame beautiful views across Lake Macquarie, allowing you to enjoy the water from the comfort of your lounge, sitting room, and even the master bedroom. Whether it's morning coffee watching the lake sparkle or evening sunsets reflecting across the water, this is a view you will never lose.
The layout has been thoughtfully designed with space and flexibility in mind. A generous main lounge connects seamlessly to a second sitting area which could easily be enclosed to create a fourth bedroom, home office or media room depending on your needs. The kitchen sits at the heart of the home, connecting naturally to the dining space and overlooking the backyard, creating a practical hub for family life and entertaining.
Step outside and you'll appreciate another rare feature, a completely flat backyard that flows effortlessly from the house. With a desirable north-facing aspect, the yard enjoys excellent sunlight and cooling breezes, making it perfect for outdoor living while remaining low-maintenance and easy to care for.
Practicality continues with the double garage offering drive-through access, ideal for additional parking, trailers, small boats or extra storage.
The bedroom wing is privately positioned away from the living zones and includes a clever two-way bathroom design, allowing it to function as both a family bathroom and ensuite to the master bedroom.
There's a warmth and comfort to this home that immediately makes you feel at ease — a property that has clearly been loved and maintained, offering the perfect foundation for its next owners.
Here's What You'll Love:
• Genuine lake views from the lounge, sitting room and master bedroom
• Rare single-level home positioned on a completely flat block
• Quiet, tightly held Lakelands estate surrounded by quality homes
• Spacious carpeted lounge room capturing beautiful lake outlook
• Second sitting room offering potential fourth bedroom or home office
• Functional kitchen with generous bench space and good storage
• Kitchen positioned to overlook dining and backyard areas
• Light filled dining area flowing directly from the kitchen
• Easy indoor connection between living, dining and kitchen zones
• North facing backyard enjoying excellent sun and lake breezes
• Flat, low maintenance yard ideal for children, pets or downsizers
• Large outdoor patio area perfect for entertaining and BBQs
• Double garage with drive-through access to the backyard
• Ideal storage space for trailers, boats or additional vehicles
• Master bedroom positioned at the front of the home with lake views
• Built-in wardrobes to bedrooms for practical everyday storage
• Two-way bathroom functioning as both ensuite and main bathroom
• Additional separate bathroom and internal laundry for convenience
• Carpeted lounge and bedroom areas providing warmth and comfort
• Light coloured tiled flooring through kitchen and dining spaces
• Split system air conditioning in the lounge room
• Ceiling fans providing additional comfort throughout the home
• Solid brick construction with classic tile roof
• Beautiful stained glass feature beside the front entry
• Established gardens creating a welcoming street presence
Lakelands is one of Lake Macquarie's most peaceful residential pockets, known for its quiet streets, friendly neighbourhood feel and close proximity to the water. From here you are just minutes to the lake foreshore, Warners Bay's vibrant café strip, local schools and major shopping centres, while Newcastle CBD remains an easy commute.
For young families, the community feel and safe streets create an ideal environment to grow. For retirees, the single-level layout and low-maintenance block offer effortless living without stairs. For investors, quality homes in Lakelands continue to see strong rental demand thanks to the location and lifestyle appeal.
Homes that combine lake views, flat land and single-level living are incredibly rare. When they appear, they do not last long.
Come & Besold...
Disclaimer:
All information contained herein is provided for marketing purposes only. While every effort has been made to ensure accuracy, interested parties should rely on their own independent enquiries to confirm all details.
Listing description written by Ben Casey, SOLD Real Estate — reproduced as published, not verified by Districts.
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