Drummoyne at a glance
12,704
People
$2,650,000
Median sale
$850/wk
Median rent
1.67%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
NSW › Drummoyne › Formosa St
$2,850,000
Last sold
21 Jan 2026
3
Bedrooms
3
Bathrooms
2
Car spaces
215 m²
Land
Districts View
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
$2,850,000
21 Jan 2026 · derived via latest_sale
Drummoyne at a glance
12,704
People
$2,650,000
Median sale
$850/wk
Median rent
1.67%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs Drummoyne
+7.5%
Median sale
Suburb $2,650,000
-0.12 pp
Gross yield
Suburb 1.67%
Suburb median $2,650,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Canada Bay Local Environmental Plan 2013
Zone
Mixed Use
MU1
Jurisdiction
Canada Bay
Canada Bay, 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 maps a heritage listed area on this parcel, intersecting about 99.7% of it (NSW ePlanning Spatial Viewer, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
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 Mixed Use · MU1 (Canada Bay Local Environmental Plan 2013). Official parcel area about 206 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site. 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 $850/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Heritage constraints are a maintenance and alteration cost, not usually a rent premium by themselves.
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
Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.
Detail
The listing may look cheap relative to land or the street. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site.
Nearby competing dwellings and net yield are still unknown.
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 Mixed Use · MU1 (Canada Bay Local Environmental Plan 2013). Official parcel area about 206 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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?
KnownmediumThe listing may look cheap relative to land or the street. What reduces it: Conservation Area - General. Heritage can block demolition and dual occupancy even when land size looks like a site.
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
Drummoyne at a glance
12,704
People
$2,650,000
Median sale
$850/wk
Median rent
1.67%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Warwick Williams Real Estate DrummoyneReimagined by award-winning architect Christopher Polly, this outstanding three-bedroom residence showcases an inspired blend of timeless character and modern sophistication. Every detail has been thoughtfully crafted to maximise space across two beautifully considered levels. The expansive ground floor opens to a stunning living area with soaring ceilings and full-length sliding doors that create a seamless connection to the outdoors. Complemented by a sophisticated gourmet kitchen with large island bench and statement lighting, the space delivers a truly exceptional lifestyle experience. Upstairs, two spacious bedrooms enjoy access to two stylish bathrooms, plus skylights that bathe the interiors in natural light. With double off-street parking, and an unbeatable location within 400m of vibrant eateries, CBD transport and the Bay Run, this is refined Inner West living at its best.
• Exceptional, architect designed three-bedroom home with timeless appeal
• Beautiful open-plan living and dining with soaring ceilings and custom-built cabinetry
• Gourmet kitchen with statement island bench, designer lighting, and premium appliances
• Seamless outdoor transition to a private, sunlit courtyard framed by established greenery
• Ground floor master bedroom includes plantation shutters, and built-in robe
• Light-filled upper-level includes two bedrooms with storage, plus two sleek bathrooms
• Oversized combined laundry and bathroom features shower, and designer vanity
• Ducted air. Security system. Retractable shade. Original fireplace, and leadlight glass
• Double off-street parking
Water rates: $817.00 p/a
Council rates: $1,532.00 p/a
All information in this document has been gathered from various third-party sources we believe to be reliable; however, we cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers are advised to carry out their own investigations and rely on their own inquiries.
Listing description written by Samuel Williams, Warwick Williams Real Estate Drummoyne — reproduced as published, not verified by Districts.