Millfield at a glance
1,522
People
$885,000
Median sale
$320/wk
Median rent
1.88%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
NSW › Millfield › Wollombi Rd
$670,000
For sale
Asking
$240,000
Last sold
20 Feb 2018
3
Bedrooms
1
Bathrooms
0
Car spaces
613 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
Asking
$670,000
Asking · $1,093/m² of land
Last recorded sale $240,000 (20 Feb 2018).
Local land rate: recorded House sales in Millfield (last 5 years) with land size have a median of $373/m² of land (n=25). Districts calculation from recorded sales — not a valuation.
Millfield at a glance
1,522
People
$885,000
Median sale
$320/wk
Median rent
1.88%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Vs Millfield
-24.3%
Median sale
Suburb $885,000
+0.60 pp
Gross yield
Suburb 1.88%
Suburb median $885,000 from 12 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$28,429 on top of the price (4.2% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Millfield's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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
NSWPlanning 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.” 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 $320/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
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?
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
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
Millfield at a glance
1,522
People
$885,000
Median sale
$320/wk
Median rent
1.88%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Raine & Horne Kurri KurriNestled in sleepy Millfield, just 13 minutes from Cessnock's CBD, this quaint 3 bedroom cottage presents a perfect opportunity for regional investment or a sound foot in the door for a first home buyer looking to settle in a peaceful rural town.
Featuring an abundance of old world character, this charming cottage features high ceilings, timber flooring, and spacious rooms only found in properties of this era. The home's central lounge is well-sized and features a combustion wood fireplace for toasty winters and also split system air conditioning to keep you cool during the warmer months.
Flowing through you'll find a neat and neutral kitchen with electric cooking facilities together with a large formal dining space for family meal time. The home's main bathroom has been fully renovated for your convenience and features a modern all-in-one design with contemporary tiling and fixtures.
Whether you're a pet owner or after some tinkering space, the well-sized 613m2 block provides plenty of space for outdoor pursuits. The fully fenced block has ample side access together with a small storage shed plus scope to extend, or add a pool or larger shed (STCA).
First home buyers, there's ample potential here to add your own flair to the interiors, or for investors the property is currently leased for $530 per week. Located within walking distance to Millfield cafe and store, and just 1 minute to Millfield Public School, the property is also just 15 minutes to historic Wollombi village and tavern combining convenience with country charm.
• Colorbond & weatherboard 3 bedroom cottage
• Well-sized 613m2 block
• Central formal lounge with combustion wood fireplace
• Split system air conditoning
• Three large bedrooms, two appointed with built-in robes
• Spacious kitchen equipped with electric cooking
• Separate dining area
• Renovated all-in-one main bathroom
• Elevated outdoor entertaining deck
• Exterior laundry
• Storage container
• Fully fenced yard
• 160m to Millfield General Store & PO
• 600m to Millfield Public School
• 11.7km to Cessnock CBD
Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Listing description written by Isaac Hanlon, Raine & Horne Kurri Kurri — reproduced as published, not verified by Districts.