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NSW › Oak Flats › Tarra Cres

42 Tarra Cres, Oak Flats NSW 2529

House

$1,190,000

Last sold

26 June 2026

4

Bedrooms

2

Bathrooms

2

Car spaces

571 m²

Land

174 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,190,000 (26 June 2026).(Recorded sale)
  • CalculationRecorded House sales in Oak Flats (last 5 years) with land size: median $1,582/m² of land (n=63). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$1,190,000

26 June 2026 · derived via latest_sale

Local land rate: recorded House sales in Oak Flats (last 5 years) with land size have a median of $1,582/m² of land (n=63). Districts calculation from recorded sales — not a valuation.

Oak Flats at a glance

7,057

People

$1,055,000

Median sale

$711/wk

Median rent

3.50%

Suburb gross yield

Median sale from 61 recorded sales (last 12 months) — a Districts calculation.

See the full Oak Flats report →

Vs Oak Flats

+12.8%

Median sale

Suburb $1,055,000

-0.39 pp

Gross yield

Suburb 3.50%

Suburb median $1,055,000 from 61 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$1,190,00026 June 2026
  2. Listedprice unknowncompleted16 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 $711/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

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

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

Oak Flats in one glance

Oak Flats at a glance

7,057

People

$1,055,000

Median sale

$711/wk

Median rent

3.50%

Suburb gross yield

Median sale from 61 recorded sales (last 12 months) — a Districts calculation.

See the full Oak Flats report →

Keep researching

  • Why Oak Flats? Read the area thesis →
  • What else is on the market in Oak Flats →
  • Other records on Tarra Cres →

Listing material

Listed by One Agency Elite Property Group - Shoalhaven

LEAFY LIVING BY THE LAKE

Presented by James Mahony and Nigel Darby of One Agency Elite Property Group.

An impeccable single level property boasting a gorgeous location in a leafy setting just a five-minute walk to Lake Illawarra. This stunning and light-filled family home in central Oak Flats offers the perfect balance of comfort, convenience and lifestyle. Positioned directly across from acres of public reserve, it delivers a peaceful outlook with everyday amenities close by.

Updated throughout with nothing to be done but move in, the home is aesthetically pleasing with great street appeal in a quiet, leafy setting. Inside, the well-considered layout creates a seamless flow between living zones, ideal for both relaxed family living and entertaining. Natural light fills the interiors, enhancing the warm and inviting atmosphere.

Read the full description

The kitchen is centrally positioned with dining off the kitchen and a separate sun-drenched living area, providing flexibility for growing families. The original garage has been thoughtfully converted into an additional living area or home office, offering valuable extra space while retaining the option to be easily converted back into a garage if desired. All four bedrooms are well proportioned and feature built-in robes, while the master enjoys the added comfort of a private ensuite. Two bathrooms service the home with practicality and ease.

Outdoors, the property offers a low-maintenance, fully secured yard with carport accommodation and ample space for children and pets. Enjoy being just a hop, skip and a jump from Lake Illawarra and the popular cycleway, with easy access to Shellharbour Hospital and the Stockland shopping precinct. This is a lifestyle opportunity not to be missed in a highly sought-after location.

-Four well-proportioned bedrooms with built-in robes

-Master bedroom complete with private ensuite

-Two bathrooms servicing the home

-Dining off kitchen with separate sun-drenched living area

-Converted garage providing additional living area or home office

-Easily converted back to a functional garage if desired

-Single carport plus additional off-street parking

-Fully secured, low-maintenance 571m² block

-Opposite expansive public reserve in a leafy setting

-Close to Lake Illawarra, cycleways, hospital and Stockland shopping precinct

Listing description written by James Mahony, One Agency Elite Property Group - Shoalhaven — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Shed
  • Solar Panels
  • Study
  • Toilets: 2
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.