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NSW › Mayfield East › George St

34 George St, Mayfield East NSW 2304

For saleHouse for Sale

$1,350,000–$1,450,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

399 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,350,000–$1,450,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,350,000–$1,450,000(Listing record · 11 June 2026)
  • FactLand 399 m²; no building size recorded.(Property record)
  • CalculationAsk is 16% above the Mayfield East median recorded sale ($1,160,000, n=25, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mayfield East's advertised median rent ($685/wk), implied gross yield would be 2.64% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

$1,350,000–$1,450,000

Asking range · $3,383/m² of land

No recorded sale for this property.

Mayfield East at a glance

1,813

People

$1,160,000

Median sale

$685/wk

Median rent

3.07%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Mayfield East report →

Vs Mayfield East

+16.4%

Median sale

Suburb $1,160,000

-0.43 pp

Gross yield

Suburb 3.07%

Suburb median $1,160,000 from 25 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
$1,350,000
Stamp Duty (New South Wales)
$56,262
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
$1,410,129

$60,129 on top of the price (4.5% 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 Mayfield East's advertised median rent — not a rent for this listing.

Net yield
1.14%
Annual cashflow (pre-tax)
$-54,830
Interest cover (DSCR)
0.22
Annual rent
$35,620
Operating expenses
$20,250
Loan amount
$1,080,000
Annual interest
$70,200
Gross yield
2.64%

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$1,350,000–$1,450,000available11 June 2026

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 $685/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 2.6%. 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

Mayfield East in one glance

Mayfield East at a glance

1,813

People

$1,160,000

Median sale

$685/wk

Median rent

3.07%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Mayfield East report →

Keep researching

  • Why Mayfield East? Read the area thesis →
  • What else is on the market in Mayfield East →
  • Other records on George St →

Listing material

Listed by Belle Property Newcastle

Multi Living Home + Attached Flat + Rear Studio

34 George Street presents as a flexible four-bedroom home with plenty of groundwork already in place and plenty still on offer for someone who wants options on a 399sqm block in blue-chip Mayfield East. Two bathrooms, three toilets, off-street covered parking for two cars, and refreshed kitchen and living areas set the base, and the footprint pushes further than standard, with an internal flat complete with kitchenette and bathroom, plus a separate rear studio, opening the door to multi-generational living, guest accommodation or work-from-home flexibility, the opportunity is endless.

Set behind a private, smart white fence and refreshed throughout, it blends lived-in charm with thoughtful updates.

Positioned minutes from schools, eateries, sports fields, and Mayfield's always buzzing CBD, it sits in a pocket that continues to attract strong demand, and you'll have the uber-hip Equium Social café a relaxed walk away, ready to elevate your weekend brunch.

Read the full description

- Single level home in tightly held Mayfield East, positioned behind stylish, private fencing

- Front lounge room with air conditioning plus a dedicated dining zone

- Updated white-on-white kitchen features a dishwasher, good storage and brass hardware

- Timber-look flooring throughout – it's warm in winter, cool in summer and a breeze to keep clean

- Four bedrooms supported by two bathrooms and three toilets – a rare footprint in this suburb

- One-bedroom rests within a self-contained space with kitchenette and bathroom – ideal for multi-generational living or potential income stream

- Covered alfresco area with enough space to host family and friends

- Versatile rear studio with kitchenette – think teen retreat, home office, guest accommodation

- Lock-up single garage plus an extra covered parking bay in the driveway – a huge asset

- Walk to schools, nearby parks with a charming rotunda, Mayfield Ex services Club and the bowling club.

- Moments to the swim centre, parklands, and an array of sporting facilities

- Cycle along Throsby Creek to Wickham, Carrington and on to Honeysuckle, CBD, Newcastle Beach and Nobbys Breakwall.

- Short drive to Kooragang and over the bridge to the airport, Stockton's divine dining scene, Port Stephens and Nelson Bay.

We have obtained all information used in the preparation of this document from third party sources however, we cannot guarantee the accuracy or currency of this information. Prospective purchasers and their advisors are advised to carry out and rely on their own enquiries and investigations in relation to the information in this document and the property it concerns.

Listing description written by Matthew Zuccon, Belle Property Newcastle — reproduced as published, not verified by Districts.

Districts

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.