Georgetown at a glance
2,088
People
$1,217,750
Median sale
$623/wk
Median rent
2.66%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
NSW › Georgetown › Palmer St
$942,000
Last sold
21 Aug 2024
2
Bedrooms
1
Bathrooms
1
Car spaces
404 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
$942,000
21 Aug 2024 · derived via latest_sale
Local land rate: recorded House sales in Georgetown (last 5 years) with land size have a median of $2,596/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Georgetown at a glance
2,088
People
$1,217,750
Median sale
$623/wk
Median rent
2.66%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Georgetown
-22.6%
Median sale
Suburb $1,217,750
+0.78 pp
Gross yield
Suburb 2.66%
Suburb median $1,217,750 from 16 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 $623/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
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
Georgetown at a glance
2,088
People
$1,217,750
Median sale
$623/wk
Median rent
2.66%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by LaneCamposThis light-filled and proportioned home, on a quiet street, displays fresh, vibrant interiors on the one spacious level. Hosting gatherings becomes a breeze with the open-concept kitchen area that seamlessly flows out to a covered deck and attractive cottage garden and yard.
This home offers the ultimate balance of tranquillity and convenience. Step inside and let your story unfold - the grace and appeal here is endless.
With a quiet and almost secluded ambience, the home is ideally positioned close to Waratah Village, Georgetown main street and just a short drive into Newcastle CBD and beaches.
Highlights:
-- Two generous bedrooms - both with built-in robes and ceiling fans
-- Preserved original details - polished floorboards, high ceilings - picture rails, decorative fireplace
-- Split system air conditioning
-- Modern kitchen with large pantry, quality appliance and gas cooking
-- Separate dining room adjacent to the kitchen - perfect for entertaining and dinner parties
-- Family bathroom, with bathtub, located between both bedrooms
-- Study or second sitting room
-- Laundry with separate W.C
-- Covered deck overlooking the idyllic back garden
-- Level, easy-care block of approx. 404.7m2
-- Single garage with storage/workshop/studio space - plus driveway parking for additional vehicles
Here and there:
-- School catchment: Waratah Public School - 13min walk (900m), Callaghan College Waratah Campus - 8min walk (600m), Callaghan College Jesmond Senior Campus - 9min drive (4.3km)
-- Waratah Village - 9min walk (600m)
-- Cameron Park Playground - 11min walk (800m)
-- Braye Park - 2min drive (1.4km)
-- Calvary Mater Hospital - 5min drive (2.2km)
-- McDonald Jones Stadium - 17min walk (1.2km)
-- Lambton Park and Pool - 4min drive (1.8km)
-- Newcastle CBD and beaches - 14min drive (6.0km)
-- Approx. weekly rental return: in the vicinity of $690
-- Approx. council rates per quarter: $510
-- Approx. water rates per third: $290 (not incl. usage)
For more information, please contact Dave or Damian on 4967 6770.
Disclaimer:
All information contained herein has been gathered from sources we consider reliable. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
Listing description written by Dave Lane, LaneCampos — reproduced as published, not verified by Districts.