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

NSW › Elermore Vale › Lake Rd

197 Lake Rd, Elermore Vale NSW 2287

House

$950,000

Last sold

4 June 2024

4

Bedrooms

3

Bathrooms

4

Car spaces

1,175 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 $950,000 (4 June 2024).(Recorded sale)
  • FactLand 1,175 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Elermore Vale (last 5 years) with land size: median $1,483/m² of land (n=90). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$950,000

4 June 2024 · derived via latest_sale

Local land rate: recorded House sales in Elermore Vale (last 5 years) with land size have a median of $1,483/m² of land (n=90). Districts calculation from recorded sales — not a valuation.

Elermore Vale at a glance

6,274

People

$995,000

Median sale

$598/wk

Median rent

3.13%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Elermore Vale report →

Vs Elermore Vale

-4.5%

Median sale

Suburb $995,000

+0.14 pp

Gross yield

Suburb 3.13%

Suburb median $995,000 from 46 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$950,0004 June 2024
  2. Listedprice unknowncompleted21 Mar 2024
  3. Listedprice unknowncompleted21 Mar 2024

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 $598/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.

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

Elermore Vale in one glance

Elermore Vale at a glance

6,274

People

$995,000

Median sale

$598/wk

Median rent

3.13%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Elermore Vale report →

Keep researching

  • Why Elermore Vale? Read the area thesis →
  • What else is on the market in Elermore Vale →
  • Other records on Lake Rd →

Listing material

Listed by Presence Real Estate

An exceptionally peaceful oasis fully renovated for a growing family

Set well back from the street and backdropped by elevated district views and lush greenery bringing the sounds of birdsong, this home is an exceptionally peaceful oasis. A dream come true for growing families seeking a property where all the hard work of renovating has already been done, the brick and tile four bedder is packed full of features to make life easy and comfortable.

Perched on a wonderfully private 1175sqm block, the property is preceded by a double carport and a side driveway that caters to multi-vehicle off-street parking. Inside, there's not a cent to spend and the layout is exceptionally practical with the contemporary Caesarstone kitchen as the functioning heart, living and dining areas at one end and the sleeping quarters and two modern new bathrooms at the other. Three split system air-conditioners and a working fireplace keep things comfortable while a study nook, large laundry room, and guest powder room add convenience in spades. Two sets of glass sliding doors offer effortless connection to the new Merbau deck and low maintenance yard for alfresco enjoyment. The cherry on top is the separate studio with its own bathroom and kitchenette. This versatile space could be a home office, teen retreat, or occasional guest accommodation – the choice is entirely yours!

Convenience is key, with the home located a mere 300m from highly regarded Macquarie College, and 1700m from Elermore Vale Public School eliminating school traffic chaos. With buses close by, you're just 10-minutes from John Hunter Hospital and the University of Newcastle. Plus, everyday essentials are within easy reach at Elermore Vale, Wallsend, Cardiff, and Glendale. And with so many recreational activities on your doorstep, you'll be spending weekends boating, swimming or fishing at Lake Macquarie, wining and dining in Newcastle, or heading to nearby state reserve for bushwalking and mountain biking.

Read the full description

- Fully renovated brick and tile home on peaceful and private 1175sqm block

- Split level lounge and dining with a/c, working fire, and seamless connection to new deck

- Caesarstone kitchen/casual meals with electric cooktop, wall oven, dishwasher

- Air-conditioned master bedroom with walk-in robe and new ensuite

- Three additional bedrooms all with built-in robes served by full-size main bathroom

- Large laundry room with ample storage, guest powder room

- Studio retreat with kitchenette, new bathroom, new blinds

- Double carport plus abundant driveway parking

- 8.5km/11mins to M1 and Hunter Expressway, 12km/20mins to Newcastle city centre

OUTGOINGS

Council rates: $4,514.36 approx. per annum

Water rates: $908.22 approx. per annum

Disclaimer:

All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Listing description written by Natalie Tonks, Presence Real Estate — reproduced as published, not verified by Districts.

Also look at

Also for sale in Elermore Vale

  • 93 Aries Way, Elermore Vale NSW 2287

    3-bed house. Currently listed.

    For sale
  • 5/134 Croudace Rd, Elermore Vale NSW 2287

    3-bed unit. Currently listed.

    For sale
  • 99 Jubilee Rd, Elermore Vale NSW 2287

    3-bed house for sale. Currently listed.

    For sale
  • 6 Virgo St, Elermore Vale NSW 2287

    3-bed house for sale. Asking $890K.

    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.