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NSW › Redhead › Steel St

45 Steel St, Redhead NSW 2290

For saleHouse for Sale

$3,000,000–$3,300,000

For sale

Asking range

5

Bedrooms

4

Bathrooms

4

Car spaces

478 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,000,000–$3,300,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,000,000–$3,300,000(Listing record · 9 June 2026)
  • FactLand 478 m²; no building size recorded.(Property record)
  • CalculationAsk is 50% above the Redhead median recorded sale ($2,000,000, n=5, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Redhead's advertised median rent ($727/wk), implied gross yield would be 1.26% — 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

$3,000,000–$3,300,000

Asking range · $6,276/m² of land

No recorded sale for this property.

Redhead at a glance

3,947

People

$2,000,000

Median sale

$727/wk

Median rent

1.89%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Redhead report →

Vs Redhead

+50.0%

Median sale

Suburb $2,000,000

-0.63 pp

Gross yield

Suburb 1.89%

Suburb median $2,000,000 from 5 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
$3,000,000
Stamp Duty (New South Wales)
$147,012
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
$3,150,879

$150,879 on top of the price (5.0% 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 Redhead's advertised median rent — not a rent for this listing.

Net yield
-0.24%
Annual cashflow (pre-tax)
$-163,196
Interest cover (DSCR)
-0.05
Annual rent
$37,804
Operating expenses
$45,000
Loan amount
$2,400,000
Annual interest
$156,000
Gross yield
1.26%

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$3,000,000–$3,300,000available9 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 $727/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 1.3%. 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

Redhead in one glance

Redhead at a glance

3,947

People

$2,000,000

Median sale

$727/wk

Median rent

1.89%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Redhead report →

Keep researching

  • Why Redhead? Read the area thesis →
  • What else is on the market in Redhead →
  • Other records on Steel St →

Listing material

Listed by Belle Property Newcastle

A Bespoke Fusion of Industrial Luxe, Ocean Views and Triple-Level Flexibility

Forget the standard coastal formula, 45 Steel Street, Redhead is a home that borrows more from a converted warehouse design than a conventional beach-house, stacking three self-contained levels beneath one bold roofline and framing ocean views as a constant backdrop. Raw materials, oversized proportions and a carefully engineered sense of separation create a residence that can operate as one expansive home, a multigenerational sanctuary, or three distinct self-contained environments.

The layout is less about cookie-cutter and more about lifestyle. Each level carries its own identity, complete with kitchens, bathrooms and living zones, while a lift connects the entire structure with whisper-quiet efficiency. The ground floor flat with separate entry includes a reception space, leaning into a home based business or Airbnb rental. Light arrives from unexpected angles, filtering through a central atrium and travelling deep into the floorplan. Open spaces spill onto balconies and terraces for premium entertaining, and the view across the coastline allows you to check the surf conditions without leaving home. Every detail is thoughtful, from the workshop-sized garage and mezzanine storage to the flexibility built into the home's configuration.

Outside, Redhead's best-known landmarks are part of the daily landscape. The beach sits just 500 metres away, surf breaks are reached on foot, and the Fernleigh Track and Awabakal Nature Reserve open up kilometres of coastline, bushland and cycling trails. It's a location where the natural environment does the talking, and the home is designed to full advantage of it.

Read the full description

- Architecturally distinctive home delivered across three self-contained levels

- Flexible floorplan suited to multigenerational living, guest accommodation or income generation

- Potential to operate as separate residences or as one substantial home

- Three kitchens appointed with stone surfaces, island benches and premium appliances including Miele

- Gorgeous open plan living zones enhanced by a collection of balconies and entertaining areas

- Five oversized bedrooms, including a top-floor parents' retreat with uninterrupted ocean views

- Four bathrooms featuring full-height tiling, frameless showers and the main with deep soaking tub

- Lift servicing all levels and a central garden atrium introducing natural light deep into the home

- Handy laundry chute connecting to upper levels

- 3.5kW solar electricity system plus solar hot water

- Oversized double garage with mezzanine storage, workshop space and room for a boat or van

- 500m to the sand and surf of Redhead Beach, with easy access to Fernleigh Track and Awabakal Nature Reserve

- 10 min drive to Charlestown Square/CBD for shopping, dining, entertainment, medical centres

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 Brendan Murgatroyd, 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.