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NSW › Lake Albert › Eastlake Dr

28 Eastlake Dr, Lake Albert NSW 2650

For saleHouse for Sale

$1,100,000–$1,200,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

811 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,100,000–$1,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,100,000–$1,200,000(Listing record · 29 Oct 2025)
  • CalculationLand 811 m² against a 182 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 43% above the Lake Albert median recorded sale ($768,075, n=68, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Lake Albert's advertised median rent ($589/wk), implied gross yield would be 2.78% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,100,000–$1,200,000

Asking range · $1,356/m² of land

No recorded sale for this property.

Lake Albert at a glance

6,371

People

$768,075

Median sale

$589/wk

Median rent

3.99%

Suburb gross yield

Median sale from 68 recorded sales (last 12 months) — a Districts calculation.

See the full Lake Albert report →

Vs Lake Albert

+43.2%

Median sale

Suburb $768,075

-1.21 pp

Gross yield

Suburb 3.99%

Suburb median $768,075 from 68 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,100,000
Stamp Duty (New South Wales)
$43,912
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,147,779

$47,779 on top of the price (4.3% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Lake Albert's advertised median rent — not a rent for this listing.

Net yield
1.28%
Annual cashflow (pre-tax)
$-43,072
Interest cover (DSCR)
0.25
Annual rent
$30,628
Operating expenses
$16,500
Loan amount
$880,000
Annual interest
$57,200
Gross yield
2.78%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,100,000–$1,200,000available29 Oct 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $589/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Lake Albert in one glance

Lake Albert at a glance

6,371

People

$768,075

Median sale

$589/wk

Median rent

3.99%

Suburb gross yield

Median sale from 68 recorded sales (last 12 months) — a Districts calculation.

See the full Lake Albert report →

Keep researching

  • Why Lake Albert? Read the area thesis →
  • What else is on the market in Lake Albert →
  • Other records on Eastlake Dr →

Listing material

Listed by Raine & Horne Wagga Wagga

Family Sanctuary in Premier Location

Welcome to your dream home in the heart of Lake Albert - a peaceful, sought-after suburb known for its natural beauty and family-friendly atmosphere. This stunning 4-bedroom, 2-bathroom residence at 28 Eastlake Drive offers the perfect blend of modern comfort, elegant design, and functional living, all set on a generous 811 sqm block with a spacious 182 sqm floorplan.

Property Highlights:

• Four Spacious Bedrooms

Read the full description

Thoughtfully designed for comfort and privacy, Master with Ensuite-ideal for families or hosting guests.

• Two Modern Bathrooms

Sleek and stylish, both bathrooms offer contemporary finishes and a touch of luxury for everyday convenience.

• Double Garage

Secure parking for two vehicles, plus extra storage space for tools, bikes, or outdoor gear.

• Open-Plan Living & Dining

Perfect for entertaining or relaxing with loved ones, the open living space provides a cozy atmosphere, tasteful décor and glorious Lake views.

• Gourmet Kitchen

A chef's dream with modern appliances, ample bench space, and plenty of storage - ideal for whipping up meals and entertaining guests.

• Private Outdoor Retreat

Step into a beautifully maintained backyard oasis with lush lawns and established gardens. Perfect for summer BBQs, children's play, or simply relaxing.

• Prime Location

Subject to Council approval, this property would also be a viable option to redevelop and build 2 freestanding dwellings, perfect for the downsizer market.

Located in the highly desirable Lake Albert area, close to parks, schools, shops, and local walking tracks. A perfect lifestyle choice for families, professionals, and nature lovers alike.

Don't miss your chance to secure this exceptional home in one of Lake Albert's most prized streets. Whether you're hosting guests or enjoying peaceful family time, 28 Eastlake Drive offers the lifestyle you've been dreaming of.

Contact us today to arrange your private viewing.

Listing description written by Grant Harris, Raine & Horne Wagga Wagga — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Toilets: 2

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.