Swansea at a glance
4,986
People
$1,165,400
Median sale
$602/wk
Median rent
2.69%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
NSW › Swansea › Josephson St
$842,361
Last sold
4 May 2024
3
Bedrooms
2
Bathrooms
2
Car spaces
696 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
$842,361
4 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Swansea (last 5 years) with land size have a median of $1,746/m² of land (n=128). Districts calculation from recorded sales — not a valuation.
Swansea at a glance
4,986
People
$1,165,400
Median sale
$602/wk
Median rent
2.69%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs Swansea
-27.7%
Median sale
Suburb $1,165,400
+1.03 pp
Gross yield
Suburb 2.69%
Suburb median $1,165,400 from 44 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 $602/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
Swansea at a glance
4,986
People
$1,165,400
Median sale
$602/wk
Median rent
2.69%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by SOLD Real EstateUnbeatable Location for Investing, Living or Weekending! Dual Income Now with Potential+ Down The Track To Redevelop - The Choice Is Yours!
Set in a prime location walking distance to the water and channel, and its proximity to the central business district (CBD) with its array of shops, cafes, and amenities. This property is not just a serene waterside retreat, but it also presents a versatile investment opportunity. It is ideal for those seeking a dual-income investment, as it includes two units on one title. This feature makes it perfect for someone looking for a weekend or holiday home with the added benefit of earning extra income from the second unit. Additionally, its potential for future redevelopment adds to its appeal, making it a smart choice for those looking to land bank in a sought-after area.
Unit 1
- Provides a warm welcome with its inviting lounge/sitting room that seamlessly transitions into a galley-style kitchen, ensuring efficient use of space and creating a lovely flow through the home.
- The kitchen then leads to a cozy dining area that can comfortably fit a 6 seater table, perfect for family meals and social gatherings.
- The entire lounge, kitchen, dining & extra living all bask in the sunlight thanks to the north facing windows.
- Adjacent to the dining room is a large enclosed space that serves as an excellent second living area or entertainment room.
- The unit features a very spacious bedroom adorned with high ceilings, amplifying the sense of openness and elbow room.
- An oversized bathroom provides ample room for the integrated laundry, with a separate toilet, shower and plenty of space to store anything you need.
- Currently Rented $350 per week
Unit 2
- Offers a distinctive charm with its detached laundry facility that includes a convenient second toilet, adding to the functionality.
- The heart of this unit is the lovely, expansive living room that lets in natural light
- This pairs beautifully with the updated kitchen, embodying modern comforts and a neutral colour palette.
- Owners or tenants will revel in the massive main bedroom, where high ceilings create an airy & light feeling.
- The bedroom's renovated ensuite adds a touch of elegance and comfort, ensuring a private and quality experience for its occupants.
- Featuring updated split system air conditioner, downlights, carpets & curtains
- Currently Rented $410 per week
Investing in a property divided into two self-contained units under one roof presents a remarkable opportunity to maximize your return on investment. With both units available for rent, you can tap into two revenue streams, effectively doubling the income you would receive from a single-family residence.
This setup offers enhanced stability; if one unit is ever vacant, the second unit is likely still generating income, mitigating financial risk and ensuring continuous cash flow. Moreover, the versatility of a dual-unit property allows for mixed-use opportunities.
You could choose to occupy one unit as your primary residence while leasing the other, offsetting your own living expenses. Alternatively, one unit could serve as a holiday retreat for personal use, while the other continues to contribute rental income. This flexibility is a strategic advantage, providing both a personal sanctuary and an income-producing asset, a combination that is as rare as it is financially rewarding
With an E1 Local Centre zoning under the Lake Macquarie Local Environmental Plan 2014, this property offers a unique and versatile investment opportunity. This zoning allows for a variety of low-impact commercial activities to be conducted without the need for development consent, such as home businesses, home industries, and home occupations. It also permits the use of building and business identification signs, providing valuable exposure for any on-site business ventures.
Furthermore, with development consent, the scope for use expands to include a range of community-serving facilities like childcare centers, medical centers, entertainment venues, and even residential flat buildings.
This flexibility opens up multiple avenues for generating income and leveraging the property to its fullest potential. Whether you wish to run a business from home, develop the site for commercial purposes, or explore mixed-use options, an E1 Local Centre zoned property is a strategic choice that can adapt to the evolving demands of the market.
Act now to secure this exceptional Swansea property, a practical and profitable investment with its dual-income potential and redevelopment prospects.
This is more than a home; it's a smart financial strategy and a gateway to a sought-after waterside lifestyle, all in one remarkable package.
Don't miss out on this unique opportunity to invest in your future, both personally and financially.
Calling for offers, what's your thoughts?
*Disclaimer: The information provided in this advertisement, including all marketing images, is intended for general guidance only and should be considered indicative. Prospective buyers are advised to conduct their own independent research and inquiries. While every effort has been made to ensure the accuracy and completeness of this information, the seller or real estate agency makes no warranty, representation, or guarantee as to the accuracy, completeness, or reliability of the information, including the marketing images. These images are intended to provide a visual guide only. Buyers must rely solely on their own research, and due diligence in evaluating the property. The seller or agency bears no responsibility for any errors, omissions, or inaccuracies in the information provided or for any buyer's reliance on this information.
AUCTION register
https://buy.realtair.com/properties/128041
Listing description written by Shanti Page, SOLD Real Estate — reproduced as published, not verified by Districts.
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