Millfield at a glance
1,522
People
$885,000
Median sale
$320/wk
Median rent
1.88%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
NSW › Millfield › Wollombi Rd
3
Bedrooms
1
Bathrooms
2
Car spaces
1,518 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Millfield (last 5 years) with land size have a median of $373/m² of land (n=25). Districts calculation from recorded sales — not a valuation.
Millfield at a glance
1,522
People
$885,000
Median sale
$320/wk
Median rent
1.88%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
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 $320/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
Millfield at a glance
1,522
People
$885,000
Median sale
$320/wk
Median rent
1.88%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Lake MacquarieSituated in a peaceful neighbourhood across from beautiful bushland, homes like these are diamond find.
Whether you move straight in or renovate as you go, this is the perfect way to get into the market.
Located a 1km walk to Millfield Public School, the property is located in prime position away from the hustle and bustle but is an easy 15 min drive to Cessnock CBD, Wollombi Tavern or a 20 min drive to Pokolbin to take advantage of the famous restaurants, wineries, speciality shops and the Hunter Valley Gardens.
Featuring:
- With a relaxed street presence, you will be welcomed home each day to peace and quiet
- Upon entering the home, you are greeted with 3 spacious light filled bedrooms
- The living area includes a working fireplace, ceiling fan and air conditioning
- Bright neat and tidy kitchen includes electric cooking and opens out to dining room perfect for family dinners
- At the rear of the floorplan is the bathroom with separate bath, shower vanity aswell as the laundry
- Your sunroom is the perfect place to sit and read a book whilst soaking in the sun, or a perfect rumpus room
- Heading outside, you will have endless opportunity with a huge backyard, perfect for extra shedding, a pool, home cricket pitch or slip n slide perfect for Christmas Day (STCA)
- The fenced yard is level includes a 3x7mtr shed and a 2x6 mtr carport and a concrete slab perfect for a firepit, BBQ or an outdoor setting
Extra features include
- Classic high ceilings, large rooms and arched hallways
- Ceiling fans throughout the home, as well as air conditioning and a working fireplace for year-round comfort
- The home was freshly painted internally at the start of this year
- All nestled on 1,518 sqm of land with a frontage of 42 metres and 43 metres deep
- NBN available as per NBNco.com.au
- Potential rental return of $420 per week
- Water rates approx. $182.15 per quarter
- Land Rates approx. $438 per quarter
- Agent declares interest
- Furnish or restyle the home to see what it could look like via the button at the bottom of the Virtual/3D Tour
- Hand sanitiser will be available at each open home which must be applied as a condition of entry
- Social distancing is required at the property including when lining up at the front of the home
For further information contact Cameron Park's, Edgeworth's & West Wallsend'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 and 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.