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NSW › Shell Cove › Ragamuffin Circuit

37 Ragamuffin Circuit, Shell Cove NSW 2529

For saleHouse for Sale

$1,530,000–$1,598,000

For sale

Asking range

5

Bedrooms

2

Bathrooms

2

Car spaces

625 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,530,000–$1,598,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,530,000–$1,598,000(Listing record · 7 Aug 2026)
  • FactLand 625 m²; no building size recorded.(Property record)
  • CalculationAsk is 2% above the Shell Cove median recorded sale ($1,505,000, n=90, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Shell Cove's advertised median rent ($970/wk), implied gross yield would be 3.30% — 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

$1,530,000–$1,598,000

Asking range · $2,448/m² of land

No recorded sale for this property.

Shell Cove at a glance

8,462

People

$1,505,000

Median sale

$970/wk

Median rent

3.35%

Suburb gross yield

Median sale from 90 recorded sales (last 12 months) — a Districts calculation.

See the full Shell Cove report →

Vs Shell Cove

+1.7%

Median sale

Suburb $1,505,000

-0.05 pp

Gross yield

Suburb 3.35%

Suburb median $1,505,000 from 90 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
$1,530,000
Stamp Duty (New South Wales)
$66,162
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
$1,600,029

$70,029 on top of the price (4.6% 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 Shell Cove's advertised median rent — not a rent for this listing.

Net yield
1.80%
Annual cashflow (pre-tax)
$-52,070
Interest cover (DSCR)
0.35
Annual rent
$50,440
Operating expenses
$22,950
Loan amount
$1,224,000
Annual interest
$79,560
Gross yield
3.30%

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$1,530,000–$1,598,000available7 Aug 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 $970/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 3.3%. 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

Shell Cove in one glance

Shell Cove at a glance

8,462

People

$1,505,000

Median sale

$970/wk

Median rent

3.35%

Suburb gross yield

Median sale from 90 recorded sales (last 12 months) — a Districts calculation.

See the full Shell Cove report →

Keep researching

  • Why Shell Cove? Read the area thesis →
  • What else is on the market in Shell Cove →
  • Other records on Ragamuffin Circuit →

Listing material

Listed by Shellharbour Marina Real Estate

Walk to the Marina: Expansive Living, Breathtaking Sunrises & Unique Under-House Man Cave

Wake up to the gentle glow of the morning sun as it rises over the water, casting brilliant golden reflections across the ocean and the glistening waters of Shell Cove Marina. Positioned in a highly desirable coastal pocket, this home delivers an exceptional balance of grand space, low maintenance living, and seamless indoor-outdoor design. Best of all, you are just a short, picturesque stroll from the vibrant Shell Cove Marina complex, where world class harbourside dining, cozy waterfront cafes, boutique shopping and scenic foreshore boardwalks await right on your doorstep.

The upper sanctuary of the home has been meticulously configured to celebrate its breathtaking vantage point. The central kitchen, expansive open plan living and dining lounge (8.2m x 4.0m) and the primary master suite all open directly onto a sweeping front balcony. Whether you are brewing your morning coffee or hosting evening drinks, these main living hubs allow you to entertain while drinking in uninterrupted marina and ocean panoramas. The master bedroom serves as a private oasis, complete with a fitted robe, direct balcony access and a well appointed ensuite.

Thoughtfully elevated above the ground level, the middle floor functions as a dedicated haven for family or guests. Here, three oversized secondary bedrooms each fitted with built-in-robes are anchored by a generous family room. Designed for year round socialising, this secondary living zone flows effortlessly out to a massive, fully covered rear alfresco entertaining area. Serviced by a full family bathroom, separate WC and a dedicated laundry with external yard access, this level seamlessly blends everyday practicalities with private relaxation.

Read the full description

Flexibility is a defining trait of the entry level. A large, versatile room near the main entry easily serves as a fifth bedroom, quiet media lounge, or executive home office space. Moving through to the expansive 8.9m x 6.8m double garage, you are introduced to the property's crowning jewel: a massive, fully concreted under house workshop and storage area. Positioned directly off this lower workshop zone is a dedicated powder room (WC), making it the ultimate setup for a trade workshop, custom man cave, wine cellar, or secure housing for boats, jetskis and outdoor gear without needing to step foot upstairs. Designed for effortless, low maintenance living, this complete residential package lets you spend less time on yard upkeep and more time enjoying the ultimate coastal lifestyle.

The family friendly community of Shell Cove offers everything within only a short walk or drive, including; The Marina, Killalea State Park, The Farm Beach, The Links Golf Course & Tavern, Shell Cove Family Health Centre, Shell Cove Public School, Shellharbour Village cafes and shopping, the movie precinct and Stocklands shopping centre. The Shellharbour Junction Train Station and Airport in Albion Park are just down the road, 8 minutes to Kiama, 15 minutes to Jamberoo Action Park and a quick 90 minute drive to the Southern suburbs of Sydney.

Disclaimer: Some images have been digitally altered using AI technology to remove existing furniture, add virtual styling, or include a virtual sunset.

Listing description written by Michelle Mannex, Shellharbour Marina Real Estate — 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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