Rankin Park at a glance
2,700
People
$1,060,000
Median sale
$709/wk
Median rent
3.48%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
NSW › Rankin Park › Grandview Rd
$1,167,000
Last sold
20 Aug 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
1,185 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
$1,167,000
20 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Rankin Park (last 5 years) with land size have a median of $1,426/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Rankin Park at a glance
2,700
People
$1,060,000
Median sale
$709/wk
Median rent
3.48%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Vs Rankin Park
+10.1%
Median sale
Suburb $1,060,000
-0.32 pp
Gross yield
Suburb 3.48%
Suburb median $1,060,000 from 28 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Newcastle Local Environmental Plan 2012
Zone
Low Density Residential
R2
Jurisdiction
Lake Macquarie
Lake Macquarie, NSW
Not detected
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 30 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 (Newcastle Local Environmental Plan 2012). Official parcel area about 1,188 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 $709/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 (Newcastle Local Environmental Plan 2012). Official parcel area about 1,188 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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low Density Residential · R2 (Newcastle Local Environmental Plan 2012). Official parcel area about 1,188 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?
KnownmediumOfficial parcel about 1,188 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
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
KnownmediumNo development applications were returned for this parcel. That is not a statement about nearby lots.
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
Rankin Park at a glance
2,700
People
$1,060,000
Median sale
$709/wk
Median rent
3.48%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Lake MacquarieCommanding an elevated presence on an expansive 1,185sqm block, 239 Grandview Road, Rankin Park, is a home of true substance and scale.
Once a grand residence of its era, this solid four-bedroom family home still stands proud with its impressive proportions, timeless charm, and potential to be something truly special once again.
Positioned in a highly desirable and convenient pocket of Rankin Park, this home offers space, privacy, and versatility for growing families.
Step through the front door and into a warm and inviting interior where soaring timber-vaulted ceilings create a sense of grandeur and openness.
To your right, a generous L-shaped lounge and dining room basks in natural light, setting the tone for relaxed family living and entertaining.
Flowing further into the home, a second living and meals area includes a combustion fireplace and reverse-cycle air conditioning to ensure year-round comfort.
This casual zone with soaring ceilings adjoins a large central kitchen, complete with ample cabinetry and bench space, offering a functional layout for everyday family life.
Four well-sized bedrooms provide comfortable accommodation, with 3 of the 4 featuring built-in robes.
The master bedroom offers the added luxury of an ensuite, while the recently renovated main bathroom introduces a touch of contemporary sophistication with modern fixtures and a fresh finish.
Thoughtfully designed, the home also includes both front and rear balconies, peaceful spots to unwind with a morning coffee, soak up the sunshine, or enjoy a quiet afternoon read.
Downstairs, the home continues to impress with an oversized double garage, a large workshop area, an abundance of storage, a third WC, and a laundry.
Side access into the backyard provides a secure spot for the boat or caravan, while the fully fenced yard is a dream for children, pets, or the avid green thumb seeking space to grow and explore.
The horseshoe driveway offers both a formal entry and exit, enhancing everyday convenience and street appeal.
Land size approx. 1185m2 with 27m frontage & 43.7m depth.
Land Rates approx. $580.50 Per Quarter
Water Rates approx. $291.36 Per Quarter + Usage
Potential Rental Return approx. $900 Per Week
With an enviable 27-metre frontage and a generous 43.7-metre depth, this home represents an outstanding opportunity for families, renovators, or investors looking to secure a quality property in a well-connected location.
Just minutes from the John Hunter Hospital, respected schools, childcare facilities, shopping centres, parks, and playgrounds, this address offers all the right ingredients for lifestyle and future potential.
Secure your future, bring your vision, and make your mark-this is a property not to be missed.
For further information contact the local area's first choice for real estate Troy Duncan on 4950 8555
First National Real Estate Lake Macquarie are your local experts for the Lake Macquarie and Newcastle area, we proudly market this home and are always looking for more homes to sell. If you would like honest, expert advice to achieve excellent results, call us on 4950 8555 to discuss your home.
Disclaimer: All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing
Listing description written by Troy Duncan, First National Real Estate Lake Macquarie — reproduced as published, not verified by Districts.