Carrington at a glance
2,266
People
$990,000
Median sale
$733/wk
Median rent
3.85%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
NSW › Carrington › Young St
$1,125,000
Last sold
3 Sept 2021
3
Bedrooms
1
Bathrooms
0
Car spaces
126 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
Last sold
$1,125,000
3 Sept 2021 · derived via latest_sale
Local land rate: recorded House sales in Carrington (last 5 years) with land size have a median of $4,330/m² of land (n=66). Districts calculation from recorded sales — not a valuation.
Carrington at a glance
2,266
People
$990,000
Median sale
$733/wk
Median rent
3.85%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs Carrington
+13.6%
Median sale
Suburb $990,000
-0.46 pp
Gross yield
Suburb 3.85%
Suburb median $990,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $733/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.
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
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
Carrington at a glance
2,266
People
$990,000
Median sale
$733/wk
Median rent
3.85%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Green Street PropertyA well-known property on Carrington’s main street, this dual level terrace c.1900 has had previous lives as a barber shop, bootmaker and several small practices and recently operated as Encasa hair salon in the front two rooms of the ground floor. The property’s B2 Local Neighbourhood zoning delivers both residential and commercial appeal making it highly desirable as a mixed-use premise.
Secure the entire building for your own use and run your thriving business in the large shopfront downstairs, which enjoys prominent street exposure in a bustling locale. And at day's end, put up the closed sign, lock-up and enjoy the rest of the property as your main residence. Timber floors, 3.4m ceilings, exposed brick walls, and a classic upper-level verandah offer a glimpse into the home’s period soul, while wonderfully bright interiors and stylish updates to the bathroom, kitchen and delightful rear courtyard ensure it functions as a thoroughly modern home. Alternatively, you may choose to convert the property back into a beautiful home. From an investor's standpoint, there's scope to line your pockets with income should you wish to lease out the building.
There’s something special about living in Carrington, named by locals as ‘Carrodise’ for its welcoming community, laidback lifestyle and fabulous 7-minute bike ride to the harbour, city, and beaches. Sitting on a spit on the opposite side of the Hunter River to the rest of Newcastle, ‘island life’ has its own unique vibe with a local gin distillery, a weekly 5km park run and a rowing club on Throsby Creek, along with a great set of local shops, cafes, and corner pubs.
• Classic Victorian terrace with B2 Local Neighbourhood zoning
• Formal lounge and dining rooms downstairs currently configured for use as a salon with easy scope to convert back
• Modern electric-equipped kitchen with dishwasher and outlook over the rear courtyard with sink and second w/c
• Stylishly renovated subway tiled bathroom with walk-in shower
• Currently configured as two bedrooms upstairs with easy conversion back to a three-bedder with the erection of a stud wall
• French door access to deep sheltered verandah
• Footsteps to local shops, businesses, eateries, and public school
• Number 24 bus at door for easy commute between Wallsend and Marketown
• A rental return in the vicinity of $750 - $850pw if residentially leased as a full home, please seek the agents advise on the commercial lease aspect
Council Rates: Approx. $2,100 p.a.
Water Rates: Approx. $720.39 p.a.
(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)
Important COVID-19 Update:
- Open Homes and Inspections -
Under the NSW Public Health Order recently announced, open homes and auctions are no longer allowed until further notice.
Industry body REINSW has confirmed upon seeking advice from NSW Health that private inspections are allowed, however, only one real estate agent and one buyer may attend the property following the making of an appointment for that purpose.
- Safety Precautions -
A face mask must be worn at all times during any private inspection that takes place as well as social distancing and hand sanitisation.
Listing description written by Peter Aloupis, Green Street Property — reproduced as published, not verified by Districts.