Swansea at a glance
4,986
People
$1,160,800
Median sale
$602/wk
Median rent
2.70%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
$775,000
Last sold
24 Feb 2025
2
Bedrooms
2
Bathrooms
2
Car spaces
588 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
$775,000
24 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Swansea (last 5 years) with land size have a median of $1,746/m² of land (n=128). Districts calculation from recorded sales — not a valuation.
Swansea at a glance
4,986
People
$1,160,800
Median sale
$602/wk
Median rent
2.70%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Vs Swansea
-33.2%
Median sale
Suburb $1,160,800
+1.34 pp
Gross yield
Suburb 2.70%
Suburb median $1,160,800 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
NSWPlanning 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.
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
No advertised rent is recorded. Suburb median rent $602/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
UnknownPlanning layers have not been retrieved for this property yet.
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 (pending). 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
UnknownDevelopment applications have not been queried 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
Swansea at a glance
4,986
People
$1,160,800
Median sale
$602/wk
Median rent
2.70%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by SOLD Real EstateWhen you're looking to be by the water, down on the flat, but your budget falls short, this is the perfect entry point buy, with great side access to the backyard for your boats and other toys too.
The Lake is literally just around the corner, the houses across from you are waterfront reserve, meaning you get to stroll the Lake's foreshore morning, noon and night and enjoy a fish or kayak, less than 200m from your front door, with fantastic boat ramps seconds drive from home!
The original cottage has all the charm of yesteryear with wonderfully high ceilings and big spacious rooms, divided into 2 separate flats long ago, each with their own dedicated bedroom, living, kitchen and bathroom, they come complete with fantastic long term tenants who are keen to stay or even buy the property themselves.
Wonderful neighbours, they've got lots of history and would love to see out their days here.
For the sake of their privacy, and given they are dudes ;) we have virtually furnished both flats so you can imagine them with your furniture, rather than seeing them as the bachelors' pads they are right now.
For those who love to renovate and have the tradie skill set or contacts, down the track the residence could easily be transformed into a modern day Lake House cottage, or opened up again for big open living and extra bedrooms, while still embracing the old world charm.
Adding front and back verandahs and a picket fence would complete the cottage look, adding stacks of street appeal, and letting you embrace the aspect, with decks to kick back on and catch the sea breeze, and enjoy the shade in warmer weather, while chasing the morning and afternoon sun in winter, the backyard being blessed with the perfect North East aspect.
Easy strolling or scooter distance to the shops, services, dining out and watering hole options and both Channel and Lake foreshores, the location is spot on, and with 2 rents coming in, let your tenants help you pay the mortgage, maybe you could throw in a granny flat out the back subject to council approval, and holiday here now, or pick up an extra rent until you're ready to re-develop the site or build your dream home.
With so much potential, you're paying a land value only price now, while getting a dual income reality, that will help cover your holding costs, perfect for Mum and Dad investors, keen to secure a future site for themselves to retire to, or property to kickstart their kids' future great Australian real estate dream ….
• Fantastic investment opportunity with two flats under the one roof line
• Long term hold, renovate, extend or knock down & build your new home
• Authentic cottage look, with real yesteryear charm features & genuine appeal
• High ceilings, original timber floorboards, as well as huge bedrooms in each flat
• Good size kitchen to both flats, with room to move plus lots of bench & storage
• Appreciate great side access to a blank canvas backyard on a flat level block
• Short stroll down the road to Lake's edge, parks and Fishermen's Co-Op
• Located in sought after Swansea, close to top boat ramps and sandy swimming
• Day to day shops, services & dining options are an easy stroll or scooter ride away
Our owner sadly needs to sell to secure her twilight years future, and she is ready to talk turkey, knowing she's offering one of the most potential filled, affordable options in town.
She's already had an offer, so don't dilly dally around, as this is one of those genuine, renovate, or detonate, just don't procrastinate, cheap and cheerful opportunities that surely will not last ....
Listing description written by Shanti Page, SOLD Real Estate — reproduced as published, not verified by Districts.