Rathmines at a glance
2,133
People
$890,000
Median sale
$719/wk
Median rent
4.20%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
NSW › Rathmines › Somersham Ave
$1,115,000
Last sold
2 May 2023
5
Bedrooms
3
Bathrooms
1
Car spaces
973.8 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
$1,115,000
2 May 2023 · derived via latest_sale
Local land rate: recorded House sales in Rathmines (last 5 years) with land size have a median of $1,261/m² of land (n=44). Districts calculation from recorded sales — not a valuation.
Rathmines at a glance
2,133
People
$890,000
Median sale
$719/wk
Median rent
4.20%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Vs Rathmines
+25.3%
Median sale
Suburb $890,000
-0.85 pp
Gross yield
Suburb 4.20%
Suburb median $890,000 from 9 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data temporarily unavailable
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
NSWZoning is not available (source_error). 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 (source_error). 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 $719/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
UnknownZoning is not available (source_error).
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 (source_error). 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
Rathmines at a glance
2,133
People
$890,000
Median sale
$719/wk
Median rent
4.20%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White TorontoFeatures:
Family Home - its the complete package.
Freshly painted with new hardwood floors & carpet throughout.
Stunning inground saltwater pool & cabana surrounded by manicured gardens.
Extensively landscaped with flat tiered grassed areas & established gardens & fruit trees.
Large 973m2 completely usable block.
Single lock up garage with separate work shed & storage.
Garden Shed
Approx. Rental potential $740.00 to $760.00 per week
Large under house area for storage.
Plenty of off-road parking for boat or caravan etc.
Instant Gas hot water.
Main bedroom with ensuite, walk-in-robe, air conditioning, fan, views & access to verandah.
Fold down stairs to access substantial attic storage
Home features: reverse cycle air-conditioning ,ceiling fans throughout and a kitchenette downstairs
Location:
500 meters to newly renovated Balmoral Boat Ramp & wharf.
10min walk to Rathmines Shopping Village, restaurants, schools, parks & sporting fields.
1km to Rathmines Bowling Club
8 min to Toronto shops, boutiques, services, restaurants & cafes
13 min to railway
40 min to heart of Newcastle & beaches
40 min to Hunter Valley wine region
75 min to Sydney
This impressive 5 bedroom lakeside home is perfect for a growing or multi-generational family with resort style pool & cabana on a large fully landscaped 973m2 block. This beautiful home is situated in the relaxed family friendly suburb of Rathmines and features views over Secret Bay and across to Wangi. It has separate parking for a caravan or boat and is only meters to the very popular and newly renovated Balmoral boat ramp. It is a short walk to the waterfront, parks, local shopping village and the highly rated Rathmines Primary School.
The layout of this large family home easily provides for not only the growing family but offers a self contained living space for either an older child or grandparents to have complete independence
The upper level features 4 bedrooms including the Master bedroom which offers modern ensuite with shower & bath, walk in robe, air conditioner, external access to the verandah and water views all the way to Wangi. On this level there is also 3 more bedrooms, main bathroom, large open plan kitchen with wide stainless chefs oven with gas cooktop, island bench, plenty of cupboard space and stunning hardwood timber floors. All this flows onto the lounge room and verandah that also encompass the views of the lake and stunning sunsets.
Downstairs has a large tiled family room, 3rd bathroom, laundry and generous self contained living area/flat with separate entrance.
This home keeps on giving with additional features and must be inspected to fully appreciate.
From all of us at Ray White Toronto/Lake Macquarie, we wish you every success in the search for your next property. If you would like more detail on this or to chat about one of the many other properties we have available please call or email us today..
DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document
Listing description written by Kristy McCabe, Ray White Toronto — reproduced as published, not verified by Districts.