Edgeworth at a glance
8,139
People
$900,000
Median sale
$630/wk
Median rent
3.64%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
NSW › Edgeworth › Patterson St
$889,000
Last sold
30 Oct 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
759 m²
Land
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
$889,000
30 Oct 2024 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Edgeworth (last 5 years) with land size have a median of $1,306/m² of land (n=132). Districts calculation from recorded sales — not a valuation.
Edgeworth at a glance
8,139
People
$900,000
Median sale
$630/wk
Median rent
3.64%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Vs Edgeworth
-1.2%
Median sale
Suburb $900,000
+0.05 pp
Gross yield
Suburb 3.64%
Suburb median $900,000 from 64 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 775 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 $630/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 775 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 775 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?
KnownmediumOfficial parcel about 775 m² — land size can look like optionality. No 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
Edgeworth at a glance
8,139
People
$900,000
Median sale
$630/wk
Median rent
3.64%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Lake MacquarieWelcome to your perfect home or an outstanding investment opportunity! This beautifully redesigned property features a spacious 3-bedroom main residence and a separate 1-bedroom granny flat, offering a harmonious blend of modern elegance and timeless appeal.
Set on a large, level 759m² block in the highly sought-after neighbourhood of Edgeworth, this home is perfect for families or savvy investors. With a rental potential of approximately $600 per week for the main house and $400 per week for the granny flat, you could be earning up to $1000 per week in rental income or live in the main house and have a family member (Teenager or Elderly Parent) live in the granny flat in the backyard where they can have their own space & freedom.
Key Features:
Three Generously Sized Bedrooms - Each bedroom is thoughtfully designed, filled with natural light, and equipped with built-in wardrobes. The oversized master bedroom offers a serene space to relax, creating your personal haven.
Newly Renovated Kitchen - The sleek oversized, modern kitchen boasts expansive stone benchtops and ample space for all your cooking needs. Whether you're an experienced chef or love hosting family dinners, this kitchen provides the perfect setting for culinary creativity.
Luxurious Bathroom - Featuring modern fixtures, stylish finishes, and a large skylight, the bathroom offers a spa-like experience. Unwind in the soaking tub as sunlight streams in, or enjoy a peaceful candlelit bath on a rainy evening.
Outdoor Retreat - Escape to your private saltwater inground swimming pool, perfect for cooling off on hot summer day this summer. With a manicured lawn and a spacious alfresco entertaining area, this outdoor oasis is ideal for family gatherings and endless entertainment.
Self-Contained Granny Flat - This fully independent unit is perfect for extended family or as a rental option. With its own electrical meter, living area, kitchen, bathroom, and oversized sunroom, it offers complete autonomy and flexibility for any lifestyle.
Land Size Approx. 759m2 with 18m Frontage & 42.2m Depth
Water Rates Approx. $220 Per Quarter
Land Rates Approx. $508.40 Per Quarter
Prime Location - Located in the popular suburb of Edgeworth, you're just a short walk to the local shopping centre, restaurants, parks, and public transport. Enjoy the proximity to Lake Macquarie, only 15 minutes away, and the stunning beaches and vibrant Newcastle CBD, a mere 30-minute drive.
This property truly has it all-style, comfort, and great investment potential!
For further information contact the local area's first choice for real estate Troy Duncan on 4950 8555
First National Real Estate Lake Macquarie are your local experts for the Lake Macquarie and Newcastle area, we proudly market this home and are always looking for more homes to sell. If you would like honest, expert advice to achieve excellent results, call us on 4950 8555 to discuss your home.
Disclaimer: All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.
Listing description written by Troy Duncan, First National Real Estate Lake Macquarie — reproduced as published, not verified by Districts.