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NSW › Katoomba › Merriwa St

56 Merriwa St, Katoomba NSW 2780

For saleHouse for Sale

$1,695,000–$1,795,000

For sale

Asking range

6

Bedrooms

6

Bathrooms

6

Car spaces

1,675 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,695,000–$1,795,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,695,000–$1,795,000(Listing record · 21 Oct 2025)
  • FactLand 1,675 m²; no building size recorded.(Property record)
  • CalculationAsk is 85% above the Katoomba median recorded sale ($915,000, n=95, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Katoomba's advertised median rent ($539/wk), implied gross yield would be 1.65% — 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

$1,695,000–$1,795,000

Asking range · $1,012/m² of land

No recorded sale for this property.

Katoomba at a glance

8,487

People

$915,000

Median sale

$539/wk

Median rent

3.06%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Katoomba report →

Vs Katoomba

+85.2%

Median sale

Suburb $915,000

-1.41 pp

Gross yield

Suburb 3.06%

Suburb median $915,000 from 95 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
$1,695,000
Stamp Duty (New South Wales)
$75,237
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
$1,774,104

$79,104 on top of the price (4.7% 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 Katoomba's advertised median rent — not a rent for this listing.

Net yield
0.15%
Annual cashflow (pre-tax)
$-85,537
Interest cover (DSCR)
0.03
Annual rent
$28,028
Operating expenses
$25,425
Loan amount
$1,356,000
Annual interest
$88,140
Gross yield
1.65%

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$1,695,000–$1,795,000available20 Oct 2025

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 $539/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 1.7%. 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

Katoomba in one glance

Katoomba at a glance

8,487

People

$915,000

Median sale

$539/wk

Median rent

3.06%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Katoomba report →

Keep researching

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

Listing material

Listed by Purcell Property Blue Mountains

'Leura Falls' Dual Residence: Heritage Charm, Modern Flexibility

Leura Falls is a timeless mountain home tucked away in a peaceful pocket of South Katoomba, blending the charm and craftsmanship of a bygone era with the comfort and style of modern living. Offering six bedrooms and six bathrooms across two fully equipped residences, it provides exceptional versatility for families, entertainers, or multigenerational living, while also presenting income potential as it currently operates as a popular Airbnb. From its beautifully renovated interiors to its tranquil garden surrounds, this expansive property is a true Blue Mountains retreat.

Inside, the home features a variety of inviting and functional spaces. The main residence includes a sunny, luxurious lounge room complete with a grand open wood fireplace-perfect for gathering on cooler mountain evenings. Flowing from the living space is a generous dining area and a well-appointed kitchen, ideal for family meals or entertaining guests. Meanwhile, the second residence showcases a stunning full German kitchen with a three-meter island bench and sleek, modern living area. Both kitchens are designed for serious cooking and social connection, making everyday living or hosting seamless and enjoyable.

Accommodation is extensive, with six bedrooms and six bathrooms in total, including two master suites with private ensuites. The two distinct sections of the home are connected by a long internal corridor, but also have separate entrances for privacy and flexibility. The thoughtful layout provides multiple light-filled living areas and has been recently renovated throughout, featuring Dyson central heating and three separate Dyson air conditioning units for year-round comfort. A double carport and additional off-street parking complete the offering, ensuring ample space for family and guests alike.

Read the full description

Outside, Leura Falls continues to impress with its array of outdoor living spaces set on a large 1,699 sqm block. From the generous BBQ area and separate entertaining deck to the tranquil eastern-style pavilion, the garden is a sanctuary for relaxation and socializing. The home is ideally located just 100 metres from the Leura Cascade Trail and only minutes from both Katoomba CBD and Leura Mall. With two solar systems totaling approximately 12.78KW, this home is as efficient as it is elegant-offering a rare blend of heritage charm, lifestyle convenience, and mountain serenity.

Summary of Features:

- Grand mountain home with dual-living flexibility

- 6 bedrooms, 6 bathrooms across two connected but separate residences

- Elegant interiors blending old-world charm with modern finishes

- Two full-size kitchens; one with a 3m German island bench, ideal for entertaining

- Light-filled living areas, including a luxurious lounge with an open wood fireplace

- Two master bedrooms with private ensuites plus additional well-appointed bathrooms

- Comfort all year round with Dyson central heating and 3 separate Dyson air conditioning units

- BBQ area, entertaining deck, eastern-style pavilion, landscaped gardens on a 1,675 sqm block

- Prime South Katoomba location - close to schools, transport, and village centres

Listing description written by Brenden Purcell, Purcell Property Blue Mountains — reproduced as published, not verified by Districts.

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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