Gateshead at a glance
3,210
People
$835,000
Median sale
$519/wk
Median rent
3.23%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
NSW › Gateshead › Cassia Cres
$690,000
Last sold
12 Feb 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
550 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
$690,000
12 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Gateshead (last 5 years) with land size have a median of $1,195/m² of land (n=64). Districts calculation from recorded sales — not a valuation.
Gateshead at a glance
3,210
People
$835,000
Median sale
$519/wk
Median rent
3.23%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Vs Gateshead
-17.4%
Median sale
Suburb $835,000
+0.68 pp
Gross yield
Suburb 3.23%
Suburb median $835,000 from 12 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 31 Aug 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 555 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 $519/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 555 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 555 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?
KnownmediumNo 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
Gateshead at a glance
3,210
People
$835,000
Median sale
$519/wk
Median rent
3.23%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Century 21 NovocastrianIdeally suited to first home buyers craving a certain standard of home or alternatively, investors searching for a set and forget property option. Currently rented to quality tenant, happy to stay with a current weekly rent return of $500 per week with an estimated market rental of $520 per week. All the hard work has been done already, in readiness for the next owner to take advantage of. With an all new weathertex fibro cladding exterior, the home delivers a modern façade coupled with a pleasant street presence. Cool pastel colour scheme is complemented by the warmth of stylish polished timber floors. Split system air conditioning and ceiling fans in all bedrooms allows for all year climate control. Spacious combined lounge/dining unfolds upon your entry.
The hero without doubt though is the totally renovated vogue kitchen with quality appliances, ample storage space and vertical subway tiled splashback. Servery window permits direct access to rear covered entertaining deck. Large, mirrored built-in is located in master suite. Modern bathroom possesses shower over bath and floor to ceiling tiling. For peace of mind and security for the kids and pets, rear yard is fully fenced. Spacious single garage is located toward the rear of the property in addition with a secondary carport and ample off-street potential. Level user friendly yard complements the total package.
The location itself allows for the budget conscious to secure an exceptional value for money real estate opportunity without compromising on quality. Add to this convenience to neighbouring attributes including:
* Redhead Beach
* Charlestown Square
* Bennetts Green Bunnings Precinct
* Local Schooling including St Mary's High School and Hunter Sports High
* Newcastle City By-Pass
* Lake Macquarie Square
Zoning: R2 Low Density Residential
Land Area: 550sqm approx
Council: Lake Macquarie
Land Rates: $1920pa approx
Water Rates: $1920pa approx
Current Rent: $500 p/w
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Listing description written by Robert Russell, Century 21 Novocastrian — reproduced as published, not verified by Districts.