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NSW › Katoomba › Lovel St

17A Lovel St, Katoomba NSW 2780

For saleBlock of Units for Sale

$2,890,000

For sale

Asking

15

Bedrooms

7

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,890,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,890,000(Listing record · 2 Nov 2023)
  • CalculationAsk is 216% above the Katoomba median recorded sale ($915,000, n=95, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Katoomba's advertised median rent ($539/wk), implied gross yield would be 0.97% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

$2,890,000

Asking

No recorded sale for this property.

Katoomba at a glance

8,487

People

$915,000

Median sale

$539/wk

Median rent

3.06%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Katoomba report →

Vs Katoomba

+215.8%

Median sale

Suburb $915,000

-2.09 pp

Gross yield

Suburb 3.06%

Suburb median $915,000 from 95 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$2,890,000
Stamp Duty (New South Wales)
$140,962
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
$3,034,829

$144,829 on top of the price (5.0% 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

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

Net yield
-0.53%
Annual cashflow (pre-tax)
$-165,602
Interest cover (DSCR)
-0.10
Annual rent
$28,028
Operating expenses
$43,350
Loan amount
$2,312,000
Annual interest
$150,280
Gross yield
0.97%

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 data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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 retrieved

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

Records

Property history

  1. Listed$2,890,000available2 Nov 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?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $539/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 1.0%. 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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

Katoomba in one glance

Katoomba at a glance

8,487

People

$915,000

Median sale

$539/wk

Median rent

3.06%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Katoomba report →

Keep researching

  • Why Katoomba? Read the area thesis →
  • What else is on the market in Katoomba →
  • Other records on Lovel St →

Listing material

Listed by For Sale By Owner

Freehold Block of 7 Apartments on One Title

The Phone Code for this property is: 62486. Please quote this number when phoning or texting.

This is a unique property consisting of 7 freehold apartments on one title. The apartments are nestled in the beautiful world heritage-listed Blue Mountains on a land size of approx. 512 sqm.

Features include:

Read the full description

• 6 x 2-bedroom, 1-bathroom apartments, all have internal laundry

• 1 x 3-bedroom, 1-bathroom apartment with internal laundry

• Built in Wardrobes in most bedrooms

• 1 onsite car parking space and plenty of off-street parking

• Unique freehold block of apartments

• Fully Tenanted

• All 7 apartments have long-term tenants

• Gross yield over 6% pa

• Spectacular views to the southeast

• Walking distance to the town centres of Katoomba and Leura

• Approx. 450m to Katoomba Train Station & approx. 1.5km to Leura Train Station

• Close to local amenities such as the Katoomba RSL, schools, public transport, restaurants/cafes and supermarkets such as Woolworths, Coles, Aldi and other speciality shops

• Approx. 1 hour to the future Badgerys Creek Airport

• Leura is also home to one of the best hospitality schools in the country, the Blue Mountains International Hotel Management School (run by Torrens University)

This is an opportunity that doesn't come along every day and is one not to be missed.

An inspection is a must to view this property's full potential.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Listing description written by For Sale By Owner (NSW), For Sale By Owner — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Fully Fenced
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.