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NSW › Castle Cove › Emerstan Dr

12 Emerstan Dr, Castle Cove NSW 2069

For saleHouse

$5,000,000–$5,350,000

For sale

Asking range

5

Bedrooms

4

Bathrooms

2

Car spaces

1,201 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $5,000,000–$5,350,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $5,000,000–$5,350,000(Listing record · 12 Mar 2026)
  • CalculationRecorded House sales in Castle Cove (last 5 years) with land size: median $4,428/m² of land (n=18). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Castle Cove's advertised median rent ($1,469/wk), implied gross yield would be 1.53% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned Environmental Living (C4) under the Willoughby Local Environmental Plan 2012.(NSW ePlanning Spatial Viewer · 30 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

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

The ask against the evidence

Asking

$5,000,000–$5,350,000

Asking range · $4,163/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Castle Cove (last 5 years) with land size have a median of $4,428/m² of land (n=18). Districts calculation from recorded sales — not a valuation.

Castle Cove at a glance

2,661

People

No data

Median sale

$1,469/wk

Median rent

No data

Suburb gross yield

See the full Castle Cove report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$5,000,000
Stamp Duty (New South Wales)
$276,197
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$5,280,064

$280,064 on top of the price (5.6% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Castle Cove's advertised median rent — not a rent for this listing.

Net yield
0.03%
Annual cashflow (pre-tax)
$-258,612
Interest cover (DSCR)
0.01
Annual rent
$76,388
Operating expenses
$75,000
Loan amount
$4,000,000
Annual interest
$260,000
Gross yield
1.53%

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.

Open the full yield calculator →

Planning

Planning and development

Planning scheme

Willoughby Local Environmental Plan 2012

Zone

Environmental Living

C4

Jurisdiction

Willoughby

Willoughby, NSW

Planning overlays

  • heightDetected
  • heritageNot detected

Planning constraints

  • 3844.5
  • 3850
  • 3851.2

Development activity

Not detected

Source

  • Provider: NSW ePlanning Spatial Viewer
  • Dataset: Planning Portal Principal Planning — Land Zoning Map
  • Retrieved: 30 Aug 2026
  • Version: 1
  • Parcel: 102172103

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not detected — official

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

Property history

  1. Listed$5,000,000–$5,350,000available12 Mar 2026
  2. Soldprice unknown1 June 2018
  3. Listedprice unknowncompleted30 Apr 2018
  4. Listedprice unknowncompleted30 Apr 2018

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned Environmental Living · C4 (Willoughby Local Environmental Plan 2012). Official parcel area about 977 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $1,469/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.5%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Knownmedium

    Zoned Environmental Living · C4 (Willoughby Local Environmental Plan 2012). Official parcel area about 977 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    Official parcel about 977 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

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Knownmedium

    No development applications were returned for this parcel. That is not a statement about nearby lots.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Castle Cove in one glance

Castle Cove at a glance

2,661

People

No data

Median sale

$1,469/wk

Median rent

No data

Suburb gross yield

See the full Castle Cove report →

Keep researching

  • Why Castle Cove? Read the area thesis →
  • What else is on the market in Castle Cove →
  • Other records on Emerstan Dr →

Listing material

Listed by DiJones Willoughby

Resort‑Style Architectural Luxury in a Private Bushland Sanctuary

Privately immersed in tranquil bushland and backing directly onto harbourside reserve, this Spanish Mission–inspired residence offers a rare blend of scale, character and serenity in one of Castle Cove's most tightly held enclaves. With its curved architectural lines, voluminous interiors and seamless indoor/outdoor flow, the home delivers a relaxed resort‑like atmosphere while remaining warm, welcoming and functional for everyday family living.

Set on 1,201sqm, the property enjoys leafy privacy and a peaceful outlook across mature gums toward Sugarloaf Bay. Expansive open‑plan spaces, a striking double‑height void and natural textures enhance the sense of openness, while multiple living zones create effortless flexibility for families and those who love to entertain.

Outdoors, sun‑soaked terraces overlook the surrounding bushland and a swimming pool positioned to capture year‑round light - the perfect setting for relaxed gatherings or quiet moments of retreat. Thoughtfully updated with quality finishes, the home also includes a stone kitchen with Miele appointments, a dual‑sided gas fireplace, a sauna, and a versatile guest or au pair suite with its own private access.

Read the full description

Set within walking distance of local bus services and a short drive to Castle Cove village, parks and the golf course, this substantial and character‑filled home offers a unique opportunity in one of the suburb's most prestigious streets.

- Positioned on a private land parcel backing directly onto harbourside reserve

- Peaceful bushland outlook with filtered views toward Sugarloaf Bay

- Expansive open‑plan living areas with abundant natural light

- Striking architectural curves, double‑height voids and feature slate wall with dual‑sided gas fireplace

- Sun‑drenched alfresco terraces overlooking the pool and surrounding greenery

- Stone kitchen with Miele induction cooktop and bespoke cabinetry

- Sauna, wet bar, ducted air conditioning and soaring raked ceilings

- Modern conveniences including full home automation

- Master retreat with walk‑in robe, ensuite and private balcony

- Self‑contained guest or au pair accommodation with separate entry

- Quiet, tightly held street close to buses, Castle Cove village, reserves and golf course

Disclaimer: the information provided is for general informational purposes only and is not intended as legal, financial, or real estate advice. While every effort is made to ensure the accuracy of the information, we make no guarantees regarding its completeness or accuracy. Prospective parties are encouraged to conduct their own independent investigations. We are not responsible for any liabilities that arise from use of information provided.

Listing description written by Mark Kapterian, DiJones Willoughby — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.