Oak Flats at a glance
7,057
People
$1,055,000
Median sale
$711/wk
Median rent
3.50%
Suburb gross yield
Median sale from 61 recorded sales (last 12 months) — a Districts calculation.
$910,000
Last sold
19 Feb 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
580 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
$910,000
19 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Oak Flats (last 5 years) with land size have a median of $1,678/m² of land (n=63). Districts calculation from recorded sales — not a valuation.
Oak Flats at a glance
7,057
People
$1,055,000
Median sale
$711/wk
Median rent
3.50%
Suburb gross yield
Median sale from 61 recorded sales (last 12 months) — a Districts calculation.
Vs Oak Flats
-13.7%
Median sale
Suburb $1,055,000
+0.56 pp
Gross yield
Suburb 3.50%
Suburb median $1,055,000 from 61 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 $711/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
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
Oak Flats at a glance
7,057
People
$1,055,000
Median sale
$711/wk
Median rent
3.50%
Suburb gross yield
Median sale from 61 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Innovate Property GroupSet on a level corner block in the lakeside suburb Oak Flats, this neat single-level brick home is poised for transformation. Whether you're a first home buyer looking to step into a sought-after area, a renovator ready to add value or a developer seeking a duplex opportunity (STCA), this residence delivers flexibility and lifestyle in equal measure.
The existing layout includes three bedrooms - all with built-in robes - and the centrally located modern bathroom has a shower and separate tub. There is a spacious living room and the defined dining area connects to a contemporary kitchen where you'll find ample bench space and storage including a double door pantry.
Outside, the property continues to impress with a covered entertaining area that doubles as extra vehicle accommodation, plus a secure lock-up garage and an oversized workshop suitable for hobbyists or those needing extra storage.
The fully fenced backyard includes a level lawn perfect for kids and pets, and the wide front verandah is ideal for sitting back and relaxing.
The block's dual frontage and generous proportions open up exciting development prospects (STCA), making this a truly rare offering in a location that continues to grow in popularity. Move in and enjoy, lease out as is or unlock the full potential through extension or redevelopment – the choice is yours.
Situated a leisurely stroll to the shores of Lake Illawarra, this property puts lifestyle front and centre. Walk to local cafés, Oak Flats Bowling Club, parks and the Central Avenue shopping and dining precinct. Schools, public transport, Stockland Shellharbour and Shell Cove Marina are all just minutes away, placing every convenience and coastal attraction within easy reach.
This is a rare opportunity to secure a versatile property in a thriving lakeside suburb – act quickly to make it yours.
Property Specifications:
Corner block 580m² (approx.) with duplex potential (STCA)
Three bedrooms, all with built-in robes
Contemporary kitchen with ample cabinetry including large pantry
Generous living and separate dining areas
Modern bathroom, shower, separate bath, vanity with storage
Covered outdoor entertaining area / carport
Lock-up garage plus large workshop
Solar system for energy efficiency
Low-maintenance easy care yard
Walk to Lake Illawarra foreshore, shops, schools and train station
Minutes to stunning beaches, Stockland Shellharbour and Shell Cove Marina
Listing description written by Mark Spinelli, Innovate Property Group — reproduced as published, not verified by Districts.