Cooma at a glance
6,541
People
$580,500
Median sale
$460/wk
Median rent
4.12%
Suburb gross yield
Median sale from 80 recorded sales (last 12 months) — a Districts calculation.
NSW › Cooma › Polo Flat Rd
$440,000
Last sold
10 July 2024
2
Bedrooms
1
Bathrooms
0
Car spaces
1,050 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
$440,000
10 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Cooma (last 5 years) with land size have a median of $675/m² of land (n=146). Districts calculation from recorded sales — not a valuation.
Cooma at a glance
6,541
People
$580,500
Median sale
$460/wk
Median rent
4.12%
Suburb gross yield
Median sale from 80 recorded sales (last 12 months) — a Districts calculation.
Vs Cooma
-24.2%
Median sale
Suburb $580,500
+1.32 pp
Gross yield
Suburb 4.12%
Suburb median $580,500 from 80 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 $460/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Cooma at a glance
6,541
People
$580,500
Median sale
$460/wk
Median rent
4.12%
Suburb gross yield
Median sale from 80 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Belle Property Snowy MountainsAttention Investors! We have an exciting real estate opportunity for you. Presenting a two-bedroom solid brick home, currently leased at $440 per week, sitting on a generous 1050m² block. Investors can take advantage of the large land size to create a comfortable living environment for tenants and potentially increase the property's value even further.
What sets this property apart is its immense potential for dual occupancy. The current owners had a great vision and have already obtained an approved Development Application (DA) for a second four-bedroom, two-bathroom dwelling. This means you have the green light to maximize your investment by adding another dwelling to the property.
Not only does this property offer an incredible investment opportunity, but it also boasts a solid brick construction. Built to last, this home requires minimal maintenance, giving you peace of mind as an investor. The sturdy brick structure ensures durability and longevity, making it an ideal choice for long-term investment.
Don't miss out on this exceptional investment opportunity. Contact us today to arrange a viewing and explore the endless possibilities that await you!
Property features
- 1050m² block
- Potential for dual occupancy - Subject to DA
- Wood fireplace
- 2 bedrooms
- 1 bathroom
- Internal laundry
Disclaimer:
Disclaimer: All information regarding this property is from sources we believe to be accurate, however we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture and descriptions.
Listing description written by Kelly Bertossi, Belle Property Snowy Mountains — reproduced as published, not verified by Districts.