Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

NSW › Picton › Matthews Ln

20 Matthews Ln, Picton NSW 2571

House

$2,040,000

Last sold

2 Sept 2022

6

Bedrooms

3

Bathrooms

5

Car spaces

48,198.06 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 $2,040,000 (2 Sept 2022).(Recorded sale)
  • FactLand 48,198 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Picton (last 5 years) with land size: median $959/m² of land (n=84). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Infrastructure (SP2) under the Wollondilly Local Environmental Plan 2011.(NSW ePlanning Spatial Viewer · 31 Aug 2026)

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?

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

What this lot has actually traded at

Last sold

$2,040,000

2 Sept 2022 · derived via latest_sale

Local land rate: recorded House sales in Picton (last 5 years) with land size have a median of $959/m² of land (n=84). Districts calculation from recorded sales — not a valuation.

Picton at a glance

5,754

People

$1,225,000

Median sale

$642/wk

Median rent

2.73%

Suburb gross yield

Median sale from 56 recorded sales (last 12 months) — a Districts calculation.

See the full Picton report →

Vs Picton

+66.5%

Median sale

Suburb $1,225,000

-1.09 pp

Gross yield

Suburb 2.73%

Suburb median $1,225,000 from 56 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

Wollondilly Local Environmental Plan 2011

Zone

Infrastructure

SP2

Jurisdiction

Wollondilly

Wollondilly, NSW

Planning overlays

  • heightNot detected
  • heritageNot detected

Development activity

Data unavailable

Source

  • Provider: NSW ePlanning Spatial Viewer
  • Dataset: Planning Portal Principal Planning — Land Zoning Map
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 100047931

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 detected — official

The official layer was queried and no heritage listed area was detected on this parcel (NSW ePlanning Spatial Viewer, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Records

Property history

  1. Sold$2,040,0002 Sept 2022
  2. Listedprice unknowncompleted3 May 2022
  3. Listedprice unknowncompleted3 May 2022

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?

Confidence: medium

Zoned Infrastructure · SP2 (Wollondilly Local Environmental Plan 2011). Official parcel area about 48,669 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $642/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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned Infrastructure · SP2 (Wollondilly Local Environmental Plan 2011). Official parcel area about 48,669 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    Official parcel about 48,669 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

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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

Picton in one glance

Picton at a glance

5,754

People

$1,225,000

Median sale

$642/wk

Median rent

2.73%

Suburb gross yield

Median sale from 56 recorded sales (last 12 months) — a Districts calculation.

See the full Picton report →

Keep researching

  • Why Picton? Read the area thesis →
  • What else is on the market in Picton →
  • Other records on Matthews Ln →

Listing material

Listed by First National Real Estate Gerard Smith

Durham Lodge on 11.91 acres

Durham Lodge was the name given to the homestead built on a unique and private 11.91 acre parcel of flat land a little over 50 years ago, just 700m from Picton railway station, and fronting Stonequarry Creek, part of the Upper Nepean catchment. The completion of the railway line in 1863 moved the quality sandstone quarried in the area, and brought Sydney siders to visit the area, including the mineral springs, on the southern boundary of the property, which gave the name to the road where the homestead is located.

Some of the original cedars remain of the many that were cleared to build the five bedroom, two story blonde brick residence in 1968, by Camden builder Leon Young, to the plans of Mrs FJ Durham, the original owner.

The homestead itself is set back from the private no through road, one street back from the main road, with a large driveway and turning circle.

Read the full description

The building features cypress flooring throughout, oversize bedrooms, high ceilings, double hung timber framed windows and numerous living areas designed to make the most of the views. There are two bathrooms upstairs, and two toilets downstairs. The gang-nailed hardwood roof trusses, formed by rolling through presses, were cutting edge technology at the time, but are no longer used by builders because they are considered unnecessarily strong and too expensive. Even the hardwood staircase sits on steel treads 12mm thick, similarly over engineered. A tall and wide covered veranda runs the full length of the house, facing the gorge and cliffs beyond.

Under the roofline of the house is a remote opening extra long single garage. A separate lined and insulated garage off the driveway accommodates a further four cars.

Mrs Durham also built a detached dance studio, complete with parquetry flooring, in the same brick and tile style of the house. More recently, that space has become an 80sq m self contained cottage, popular on air bnb, featuring a pot belly stove forged in the Durham foundry, and a cast iron clawfoot bath beside a large picture window looking across the gorge to the cliffs beyond. The cottage bathroom has a heated mirror and heated floor, beneath Indian Gohera limestone tiles, with Dark Emperador marble borders, mosaic recesses and features, continued through the laundry and toilet spaces.

A beautiful waterfront property this size offering privacy and views, located just minutes to supermarkets, entertainment and rail transport is hard to come by. Durham Lodge is unmatched in these respects. The land is mostly flat, and out of the flood zone.

About half the property is fenced into productive paddocks, suited to a variety of purposes, currently grazing sheep and alpacas. A 60 foot round yard, day yards and tractor shed would suit the horse enthusiast.

Half of the property is wilderness. Tracks wind through the rainforest to the cave, swimming and fishing holes and the waterfall. It is another world down in the gorge. The wildlife is abundant, and includes a resident lyre bird, a black footed wallaby and echidnas. Engineered caged ladders set into the sandstone cliff face near the pool provide access.

Literally on the edge of the cliff is a wet edge infinity pool and spa, framed by great eucalypts. The water seems to disappear over the cliff. The view across the gorge to the escarpment beyond is extraordinary. At night, the water of the pool transforms into a mirror, reflecting the gorge, illuminated by floodlight. Nowhere else will you see anything like it. Infinity is a suitable description. Pool chemistry is automatically monitored and maintained. Pumps can run on off peak or mains electricity. A large entertaining cabana, a bathroom featuring crosscut travertine tiles, and sauna are part of the pool area and require some work to bring to completion.

There are three sources of water: town water, rainwater and the river. All rainwater from the house is collected and feeds a 24,000 litre tank. Infrastructure is in place to pump water up from the river for stock and irrigation.

Cooking for both house and cottage is gas cooktop and elec oven. LPG is supplied from 2 x 210kg bottles and is reticulated underground to the house, the spa/pool heater and the cottage.

Electricity is three phase and has a 2.5 kw solar array away from the house.

Heating for house and cottage is open fire and gas. There is no shortage of firewood on the property. The cottage has a split system a/c.

Hot water for the house is evacuated tube solar, with both gas and off peak electric boosting if required. The cottage has an instant gas water heater.

The property has the potential to be completely off the grid

I am told Mrs Durham had some connection with the Royal Botanic gardens. The grounds contain many mature examples of her exotic plantings, notably an unusually tall flowering cactus. Other feature trees include Cape Chestnut, Dawn cedar, Atlantic cedar, Silky oak, Illawarra flame, Peppercorn, Jacaranda, Cercis. Many wattle trees provide privacy.

The driveway is bordered by Ash trees with alternating red and orange Cotoneaster.

The fruit salad orchard includes citrus, macadamia, apricot, peach, nectarine.

No built in wardrobes. No ceiling fans. Some renovation work has been completed. The eaves, exterior floodlights and three upstairs rooms have been retrofitted with LED lights. The main kitchen requires complete replacement. Some floors require re-sanding. The walls require painting. The property is on the main southern railway line. Much of the cliff is unfenced.

Inspections strictly by appointment only.

Listing description written by Gerard Smith, First National Real Estate Gerard Smith — reproduced as published, not verified by Districts.

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.