Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

NSW › Hurstville Grove › Morshead Dr

124 Morshead Dr, Hurstville Grove NSW 2220

House

$10,450,000

Last sold

7 Dec 2023

9

Bedrooms

6

Bathrooms

10

Car spaces

1,775 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $10,450,000 (7 Dec 2023).(Recorded sale)
  • FactLand 1,775 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Hurstville Grove (last 5 years) with land size: median $4,425/m² of land (n=37). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Recreational Waterways (W2) under the Georges River Local Environmental Plan 2021.(NSW ePlanning Spatial Viewer · 1 Sept 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

What this lot has actually traded at

Last sold

$10,450,000

7 Dec 2023 · derived via latest_sale

Local land rate: recorded House sales in Hurstville Grove (last 5 years) with land size have a median of $4,425/m² of land (n=37). Districts calculation from recorded sales — not a valuation.

Hurstville Grove at a glance

2,565

People

$2,440,000

Median sale

$957/wk

Median rent

2.04%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Hurstville Grove report →

Vs Hurstville Grove

+328.3%

Median sale

Suburb $2,440,000

-1.56 pp

Gross yield

Suburb 2.04%

Suburb median $2,440,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

Georges River Local Environmental Plan 2021

Zone

Recreational Waterways

W2

Jurisdiction

Georges River

Georges River, NSW

Planning overlays

  • heightDetected
  • heritageNot detected

Planning constraints

  • 109

Development activity

Data unavailable

Source

  • Provider: NSW ePlanning Spatial Viewer
  • Dataset: Planning Portal Principal Planning — Land Zoning Map
  • Retrieved: 1 Sept 2026
  • Version: 1
  • Parcel: 102997423

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 1 Sept 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Records

Property history

  1. Sold$10,450,0007 Dec 2023
  2. Listedprice unknowncompleted24 Oct 2023
  3. Listedprice unknowncompleted24 Oct 2023

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 Recreational Waterways · W2 (Georges River Local Environmental Plan 2021). Official parcel area about 1,477 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 $957/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

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

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned Recreational Waterways · W2 (Georges River Local Environmental Plan 2021). Official parcel area about 1,477 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 1,477 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

    Unknown

    No DA adapter returned applications for this parcel.

  • 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

Hurstville Grove in one glance

Hurstville Grove at a glance

2,565

People

$2,440,000

Median sale

$957/wk

Median rent

2.04%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Hurstville Grove report →

Keep researching

  • Why Hurstville Grove? Read the area thesis →
  • What else is on the market in Hurstville Grove →
  • Other records on Morshead Dr →

Listing material

Listed by Luxe Agency by Maurice Maroon

Rare dream deep waterfront estate set on over 1700sqm with dual residences

Occupying a rare double level block situated in one of the most sought-after positions in the south of Sydney. This exceptional modern waterfront estate offers a unique lifestyle that is grand in both style and essence. Nestled on approximately 1775sqm of level ground and situated in an exclusive pocket of the St George area, this block offers the ultimate in waterfront living. Almost level street to waterfront, a private estate with picturesque landscaped gardens and a rare 24 meter water frontage. These homes (dual occupancy approved and separately metered) are in impeccable condition and have been extremely well maintained over the years, ensuring the integrity of both homes.

Capturing expansive uninterrupted water views, the contemporary residence opens to an expansive yard with a rim flow pool that flows to the water's edge offering deep water boating facilities. Crafted to emphasize a seamless balance between outdoor and indoor living. Architecturally constructed with huge feature glass, capturing all year round northerly sun. The home has been cleverly designed to appeal to both the intimate occasion and the large-scale gathering, with a choice of both formal and casual living and multiple indoor and outdoor entertaining areas.

- Deep waterfront offering with Jetty, pontoon, and slipway

Read the full description

- Designed with a focus on comfortable family living, boasting multi-functional lounge with theatre system.

- Four car garage with internal access to the main house, plenty of off-street parking for at least another five vehicles

- Luxurious parents retreat with private balcony, with walk-in wardrobe and ensuite bathroom

- Upstairs gym room including infra-red sauna, scope for 7th bedroom or another living space.

- Interiors designed by Nicola Claire Interiors, with meticulous detail throughout and a timeless décor that will keep you smiling

- Unmatched in workmanship, with concrete foundations and floors, a steel framed roof and full height commercial glass

- Heated infinity swimming pool and spa on the water's edge and great yard privacy

- Just minutes away from local schools, local bus and train lines, local cafés and restaurants.

- Contemporary kitchen equipped with double premium appliances with seamless flow to the dining, outdoor and pool areas

Occupying approximately 350sqm of land is a two-storey 174sqm residence with direct street access. Private and leafy entry, open sundrenched floor plan, this beautiful home would be great for a small family as it offers a generous space on both levels. Master bedroom located downstairs, upstairs offers two generous size bedrooms, both having water views to Oatley Bay.

- Solid brick and concrete construction

- Spacious living and dining area opening onto covered alfresco entertaining

- Level child friendly grassed area, leafy tranquil, private garden and outlook

- Ducted air conditioning throughout

- Modern kitchen with granite benchtops and quality appliances including dishwasher.

- Its own single lockup garage and with separate access

Listing description written by Maurice Maroon, Luxe Agency by Maurice Maroon — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Built-in Robes
  • Ensuites: 1
  • Intercom

Also look at

Also for sale in Hurstville Grove

  • 66 Waitara Pde, Hurstville Grove NSW 2220

    5-bed semi detached. Currently listed.

    For sale
  • U23, 42-44 East Cres, Hurstville Grove NSW 2220

    3-bed townhouse. Asking $1.43M–$1.46M.

    For sale
  • 106 Hurstville Rd, Hurstville Grove NSW 2220

    4-bed house for sale. Currently listed.

    For sale
  • 133 Laycock Rd, Hurstville Grove NSW 2220

    6-bed house for sale. Asking $3.3M.

    For sale
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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