Morpeth at a glance
1,848
People
$910,000
Median sale
$546/wk
Median rent
3.12%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
$1,500,000
Last sold
1 Mar 2018
4
Bedrooms
2
Bathrooms
3
Car spaces
960.5 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
$1,500,000
1 Mar 2018 · derived via latest_sale
Local land rate: recorded House sales in Morpeth (last 5 years) with land size have a median of $1,418/m² of land (n=42). Districts calculation from recorded sales — not a valuation.
Morpeth at a glance
1,848
People
$910,000
Median sale
$546/wk
Median rent
3.12%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Morpeth
+64.8%
Median sale
Suburb $910,000
-1.23 pp
Gross yield
Suburb 3.12%
Suburb median $910,000 from 11 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 $546/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
UnknownArea
Morpeth at a glance
1,848
People
$910,000
Median sale
$546/wk
Median rent
3.12%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by River Realty MaitlandOriginally a free-standing residence, Gracemere, the eastern most title in Morpeths landmark sandstone Bond Store Building has been meticulously refurbished inside and out. Impeccable presentation complementing private riverside gardens surrounding a large in-ground pool set this property apart.
Completed in 1840, James Taylor spared no expense in the construction of his family home, an extension of his widely admired Bond Store. The locally quarried, hand cut, polished sand stone blocks used on the exterior have recently been re-finished. New render has been applied to the Eastern wall and to the chimneys, and the quoins cleaned and re-pointed.
Iron lacework along the verandah balustrade has been re-produced to match a surviving piece. The vendors have gone to great lengths to restore the buildings stately original appearance using authentic materials and fittings where possible.
Over three levels, the generously proportioned interiors have high, plaster ceilings, open fireplaces with marble or cedar surrounds, huge sash windows and custom designed, traditionally edged carpets.
Entry is via the middle level, flanked by the grand lounge room and formal dining room, with the contemporary kitchen conveniently tucked behind. A wide Blackbutt timber verandah extends across the north facing rear of the building overlooking leafy gardens and the Hunter River beyond. This is a wonderfully relaxed alfresco area; imagine dining out here, next to the river, accompanied by gentle sounds of lapping water and the occasional splash of a river mullet!
Upstairs is reserved for three private bedrooms and the refurbished bathroom. All the bedrooms have new Brushbox timber built-ins with added storage space above. French doors at the end of the central hall open onto the upper front verandah. Enjoy a front row seat to many of the annual festivals, including Anzac Day at the Cenotaph or just enjoy observing the old courthouse Museum next to the leafy park across the road.
The recently completed monochrome bathroom is timelessly stylish and comes with under floor heating, heated towel racks and a large shower across one side.
There is another modern bathroom and fourth bedroom on the lower level, next to a versatile open plan space with side kitchenette. The bathroom looks like one from a designer magazine, where raw convict era sandstone contrasts with white herringbone tiles on the walls and a floating vanity is opposite a frameless shower.
Totally self-contained, there is scope for future temporary accommodation and potential for many other uses; think home office, studio or teenage retreat.
Being almost subterranean, specialist exhaust and ventilation systems are in place, plus the entire space enjoys moderate temperatures all year round suitable for a cellar. The upper levels have new zoned, ducted air conditioning to maintain equally comfortable living conditions.
One of the many outstanding features is the impressive in-ground pool overlooking the river. Cool off here in summer, then recline on the circular sandstone seats surrounding the sunken fire-pit or under the adjacent pergola covered private sitting area both looking out to the river beyond.
The entire property is landscaped to offer a variety of entertaining spaces, small and large, open and intimate. Mature trees provide shelter and dappled light, perfect for the rainforest-like, lush gardens to thrive. A robust hedge screens the entire yard, the only glimpse is via the paved driveway to the triple bay old carriage house, now an extended garage.
Situated on Morpeths main street, its only a short walk to a selection of cafes, boutique retail and more. Queens Wharf, a gentle 5 minute stroll away, is about to undergo a total transformation. Once complete, enjoy family recreation time in the new parks, playgrounds, discovery walks and of course an improved jetty and boat access to the Hunter River.
Its not often that an iconic piece of history becomes available within one of the states top heritage destinations; especially one that has been sympathetically refurbished and upgraded to offer a standard of living second to none.
SMS 122Swan to 0428 166 755 for a link to the on-line property brochure.
Listing description written by Chris Henry, River Realty Maitland — reproduced as published, not verified by Districts.
NSW 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.