Caves Beach at a glance
3,906
People
$1,580,000
Median sale
$766/wk
Median rent
2.52%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
NSW › Caves Beach › Macquarie Grove
$961,800
Last sold
30 May 2024
3
Bedrooms
1
Bathrooms
1
Car spaces
724.6 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$961,800
30 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Caves Beach (last 5 years) with land size have a median of $2,226/m² of land (n=109). Districts calculation from recorded sales — not a valuation.
Caves Beach at a glance
3,906
People
$1,580,000
Median sale
$766/wk
Median rent
2.52%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Vs Caves Beach
-39.1%
Median sale
Suburb $1,580,000
+1.62 pp
Gross yield
Suburb 2.52%
Suburb median $1,580,000 from 31 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Lake Macquarie Local Environmental Plan 2014
Zone
Low Density Residential
R2
Jurisdiction
Lake Macquarie
Lake Macquarie, NSW
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.
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
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 (Lake Macquarie Local Environmental Plan 2014). Official parcel area about 727 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. If the dual occupancy pathway survives a planner’s check, this lot can outperform a same-suburb house that is hold-as-is only. That is not a forecast. 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.” 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
No advertised rent is recorded. Suburb median rent $766/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
This looks more compelling as a land / capital-growth play than a pure yield play — if the dual occupancy pathway survives a planner’s check.
Detail
Zoned Low Density Residential · R2 (Lake Macquarie Local Environmental Plan 2014). Official parcel area about 727 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Achieved rent for this address has not been inferred. Gross yield on advertising copy is not the deal.
Nearby DA pipeline is unknown, so neighbourhood change is not in this verdict.
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Lake Macquarie Local Environmental Plan 2014). Official parcel area about 727 m². Dual occupancy is a permitted housing type in this NSW zone under statewide settings, subject to DCP and site constraints. That is not confirmation this lot qualifies. Two-lot subdivision is unknown without minimum lot size and frontage. 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 727 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
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
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
Caves Beach at a glance
3,906
People
$1,580,000
Median sale
$766/wk
Median rent
2.52%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by One Agency Eastlakes SwanseaA spacious block, adorned with established trees and gardens, only minutes from the sand and sea - welcome to 199 Macquarie Grove!
This quality brick-and-tile home is ready for new occupants to move in and make their own; featuring a functional layout as is - there is also scope for further development, with a pre-approved DA adding an additional bedroom and bathroom, with minimal changes required to the existing footprint.
From the street, the home enjoys great privacy thanks to clever planting; and the rear is just as private with established trees creating a green canopy - making it the ultimate oasis! With plenty of room for the kids and pets to run around, and space to add a pool or additional entertaining spaces. There really is so much to love here.
Whether you are entering the market, searching for your new forever address, or seeking a stable and desirable investment - this home could very well be the ONE.
Feature Highlights:
- Three bedrooms, all with leafy outlooks
- Bathroom with walk-in shower, bath and separate toilet
- Kitchen, Living and Dining all enjoy a flowing layout, with great access to the covered alfresco
- Extra-high garage for added storage, with walk-through access to the laundry
- Oversized elevated alfresco area, with views across the yard
- Massive 724.6m2 block, with an abundance of established natives; a rarity for this area
- Approved DA plans for an extension to add an additional bedroom and bathroom, with minimal impacts to the existing footprint
_____________________
Marketing disclaimer: Whilst every care has been taken in collecting and producing the above information, no warranty is given or implied as to the accuracy. Prospective purchasers are required to take such actions as necessary to satisfy themselves in this respect.
Listing description written by Michael Coates, One Agency Eastlakes Swansea — reproduced as published, not verified by Districts.
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