Lake Albert at a glance
6,371
People
$768,075
Median sale
$589/wk
Median rent
3.99%
Suburb gross yield
Median sale from 68 recorded sales (last 12 months) — a Districts calculation.
NSW › Lake Albert › Norfolk Ave
$730,000
Last sold
29 Oct 2025
5
Bedrooms
3
Bathrooms
2
Car spaces
929.5 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
$730,000
29 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Lake Albert (last 5 years) with land size have a median of $820/m² of land (n=134). Districts calculation from recorded sales — not a valuation.
Lake Albert at a glance
6,371
People
$768,075
Median sale
$589/wk
Median rent
3.99%
Suburb gross yield
Median sale from 68 recorded sales (last 12 months) — a Districts calculation.
Vs Lake Albert
-5.0%
Median sale
Suburb $768,075
+0.21 pp
Gross yield
Suburb 3.99%
Suburb median $768,075 from 68 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data temporarily unavailable
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
NSWZoning is not available (source_error). 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 (source_error). 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 $589/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
UnknownZoning is not available (source_error).
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 (source_error). 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
UnknownNo DA adapter returned applications 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
Lake Albert at a glance
6,371
People
$768,075
Median sale
$589/wk
Median rent
3.99%
Suburb gross yield
Median sale from 68 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Macarthur Real Estate AgencyPositioned in the highly sought-after suburb of Lake Albert, this property presents an extraordinary investment opportunity with immediate returns and scope to further enhance value. Offering a main residence plus a self-contained studio apartment, investors will appreciate the strong holding income and future growth potential in one of Wagga's most desirable locations.
- The property includes a four-bedroom family home plus a fully self-contained one-bedroom studio apartment, ideal for generating dual rental income or providing flexibility for extended family
- The main residence features four bedrooms, including a master with walk-in robe and ensuite
- Built-in robes to additional bedrooms provide ample storage
- The updated bathroom with separate toilet ensures convenience
- The studio apartment includes a generous open-plan layout with kitchenette, bathroom, and built-in cupboard
- The main home offers a neat, updated kitchen complete with electric cooking, dishwasher, and excellent storage
- Generous interiors include a front lounge room, dining space, and family living area with slow combustion wood fire
-An undercover alfresco area with built-in BBQ overlooks the low-maintenance yard
- Additional highlights include a single lock-up garage, single carport, garden shed, and inground swimming pool (requiring attention but offering excellent future potential)
- Wall-mounted air conditioning and a slow-combustion wood fire provide year-round comfort
Leasing Details:
- Current rent (main home): $550 per week
- Current rent (studio): $310 per week
- Potential rent: Main home: $580 – $630 per week, Studio: $330 – $360 per week
With a combined potential rental return of up to $990 per week, this property represents an outstanding dual-income investment in a blue-chip suburb.
With strong rental yields, future refurbishment potential, and an unbeatable Lake Albert location, this property is a must-see for investors seeking secure returns and long-term growth.
Council Rates: $2,409.96 per annum
Disclaimer:
In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility or liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should rely on their own enquiries to verify the information contained in this advertisement.
Listing description written by Gill Davies, Macarthur Real Estate Agency — reproduced as published, not verified by Districts.
Also look at
27 Maple Rd, Lake Albert NSW 2650
3-bed house for sale. Asking $839K.
27 Myall Cres, Lake Albert NSW 2650
4-bed house for sale. Asking $885K.
8 Sycamore Rd, Lake Albert NSW 2650
4-bed house for sale. Currently listed.
5 Telopea Cres, Lake Albert NSW 2650
3-bed house for sale. Asking $715K.