Hamilton South at a glance
3,846
People
$1,460,000
Median sale
$350/wk
Median rent
1.25%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
NSW › Hamilton South › Parkway Ave
$2,470,000
Last sold
15 Nov 2025
2
Bedrooms
1
Bathrooms
3
Car spaces
781.5 m²
Land
161 m²
Building
Districts View
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
$2,470,000
15 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Hamilton South (last 5 years) with land size have a median of $3,212/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
Hamilton South at a glance
3,846
People
$1,460,000
Median sale
$350/wk
Median rent
1.25%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Hamilton South
+69.2%
Median sale
Suburb $1,460,000
-0.51 pp
Gross yield
Suburb 1.25%
Suburb median $1,460,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Newcastle Local Environmental Plan 2012
Zone
Low Density Residential
R2
Jurisdiction
Newcastle
Newcastle, 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 maps a heritage listed area on this parcel, intersecting about 99.7% of it (NSW ePlanning Spatial Viewer, retrieved 30 Aug 2026). Verify the extent against the title before relying on unaffected land.
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 (Newcastle Local Environmental Plan 2012). Official parcel area about 783 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 783 m² — land size can look like optionality. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site. 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 $350/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Heritage constraints are a maintenance and alteration cost, not usually a rent premium by themselves.
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
Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.
Detail
Official parcel about 783 m² — land size can look like optionality. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site.
Nearby competing dwellings and net yield are still unknown.
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 (Newcastle Local Environmental Plan 2012). Official parcel area about 783 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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 783 m² — land size can look like optionality. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site.
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
Hamilton South at a glance
3,846
People
$1,460,000
Median sale
$350/wk
Median rent
1.25%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Clarke & Co Estate AgentsAuction Location: On Location: 141 Parkway Avenue, Hamilton South NSW 2303
Property Highlights:
- A once-in-a-lifetime chance to secure the only untouched site on this blue-ribbon street – design and create your dream residence or simply enjoy the extraordinary yard space.
- Parkway Avenue – home to some of Newcastle's most luxurious residences – a prestigious, tree-lined boulevard with wide dual lanes and abundant street parking.
- Expansive 781.5sqm parcel with wide side access, an increasingly rare land size in such a tightly held inner-city pocket.
- Perfectly positioned opposite National Park, featuring playing fields, netball and basketball courts, and an athletics track – everything active families could want.
- Just 1km to world-renowned Merewether Beach, offering coastal walks, morning swims, and surf at your doorstep.
- Only 400m to The Junction shopping and dining precinct, brimming with cafés, restaurants, supermarkets, and lifestyle conveniences.
- Surrounded by premium schooling options just down the road, including Newcastle Grammar School, Hamilton South Public, St Joseph's Primary, Newcastle High, and Merewether High School.
- The existing double-brick residence exudes timeless character with bay windows, soaring ceilings, ornate cornices, polished timber floors, decorative skirtings and architraves, and classic sash windows.
- Generously proportioned rooms with a spacious open floor plan that captures light and flow.
- Wide side access through a drive-through carport to a huge backyard, offering potential (STCA) to extend, add a pool, or create a bespoke family haven in one of Newcastle's most prestigious addresses.
Outgoings:
Council Rate: $4,532 approx. per annum
Water Rate: $971.82 approx. per annum
Rental Return: $700 approx. per week
Set along one of Hamilton South's most prestigious streets, this original brick and tiled roof residence presents an exceptional opportunity for those looking to create something truly special. Sitting proudly on a huge 781.5 sqm block along Parkway Avenue, this is the last untouched home in the street, offering endless potential to update, reimagine or simply enjoy the location and lifestyle on offer.
Positioned within walking distance of The Junction's café and shopping precinct, Newcastle Grammar School and St Joseph's Primary, the convenience here is unbeatable. You're only moments from Bar Beach and the golden coastline, with Newcastle's vibrant CBD just a short drive away. It's easy to see why this is one of the city's most desirable addresses.
From the street, this home exudes timeless character, with a grassed front lawn and a strip driveway leading to an attached carport. Drive through access continues to a detached double garage at the rear, offering plenty of space for parking or future projects.
Step inside and you're greeted by a wide entry foyer that sets the tone for the home's generous proportions. Stunning bay windows fill the rooms with natural light, while soaring ceilings, ornate cornicing and pendant lights showcase the craftsmanship of a bygone era. Timber floors run throughout, complemented by decorative sash windows, roller blinds and classic timber detailing on the skirting, architraves and window frames.
At the front of the home, the sunroom offers a peaceful spot to relax, filled with lovely natural light thanks to the beautiful bay window in place. The open plan living and dining area offers ample space to unwind and entertain guests, providing the perfect foundation for modern updates in the future.
The kitchen is large in scale, with plenty of storage, a dual sink and a freestanding oven with a four burner cooktop. There's plenty of scope here to transform this into a showpiece kitchen that complements the home's generous proportions.
Two comfortable bedrooms are both carpeted, with the second including a freestanding robe. The bathroom retains its original charm with a built-in bath and shower combination, while a handy powder room is located outdoors for convenience.
Outside, the expansive grassed yard is ready for your creative touch, whether you're dreaming of landscaped gardens, an entertainer's deck or future plans, there's space here to make it happen.
Additional features include gas hot water and a separate laundry, adding practicality to this already impressive opportunity.
A property of this size and potential, in such a prestigious Hamilton South location, is a rare find indeed. With a large volume of interest expected, we encourage our buyers to contact the team at Clarke & Co Estate Agents today to arrange their inspections.
Why you'll love where you live;
- A short stroll from a wide variety of sporting and recreation fields
- An easy 5 minute drive, or a short cycle to Newcastle CBD
- Walking distance to Newcastle Grammar and St Joseph's Primary School
- A short drive to a range of beaches along Newcastle's stunning coastline
- Mere minutes to The Junction Village, offering a range of shops and services for your daily needs
Disclaimer:
All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Listing description written by Nick Clarke, Clarke & Co Estate Agents — reproduced as published, not verified by Districts.