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.
4
Bedrooms
2
Bathrooms
2
Car spaces
697 m²
Land
Districts View
View not ready — official layers are still retrieving for this property. Official planning layers still retrieving. Flood / bushfire / heritage not yet retrieved. No recorded sale price for this property. Districts does not score a property it cannot yet see.
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
No recorded sale price for this property yet.
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.
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 $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.
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
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.
Listing material
Listed by Ray White ShellharbourBrimming with potential and nestled in one of Oak Flats' most convenient and tightly held pockets, 57 Deakin Street presents an incredibly rare opportunity for homebuyers or savvy investors seeking space, flexibility, and location. Originally constructed as two separate villas, the property was reconfigured by a previous owner who cleverly removed the dividing wall to create one expansive single-level home. The result is a spacious, four-bedroom, two-bathroom residence with multiple living areas and endless potential.
Whether you're looking for a generous family home with room to grow or the possibility to restore the property back into two self-contained dwellings for dual rental income, the versatility here is second to none. Situated on a substantial 697m² block, the property enjoys a level layout with easy access throughout, making it ideal for families, retirees, or investors looking to capitalise on Oak Flats' strong rental demand.
A conservative 3-metre-wide side access leads directly to the rear garage - perfect for tradies, extra vehicles, or anyone needing secure off-street parking. Inside, comfort is enhanced by a centrally positioned split-system air conditioner, servicing the heart of the home and ensuring year-round climate control.
Just a short stroll to the town centre, lakeside foreshore, train station, parks, and schools - this home places you in the heart of everything, while still offering a peaceful suburban lifestyle.
Key Features:
• Flexible Floorplan: Originally two separate villas, now one spacious home - easily convertible back for dual occupancy or kept as one large family residence.
• Two Living Areas: Ideal for families needing multiple zones for relaxing, entertaining, or working from home.
• Four Bedrooms & Two Bathrooms: Well-proportioned rooms, all on one level - perfect for growing families or multigenerational living.
• Garage, Carport & Side Access: Great for tradies or hobbyists, with a 3m side driveway to the rear garage and undercover parking.
• Split-System Air Conditioning: Centrally located to service the main living areas for year-round comfort.
• Generous 697m² Block: Flat and fully usable - ideal for kids, pets, or potential future development (STCA).
• Superb Location: Walk to Oak Flats' main street, schools, shops, transport and the stunning Lake Illawarra foreshore.
Rental Potential:
For the pontinal investor, the opportunity to reinstate the original dual-villa layout opens the door to strong rental returns. Based on the size and configuration, each self-contained unit could achieve an estimated rental income of $500 per week (subject to market conditions and final layout), offering a combined return of approximately $1000 per week. Even as a single dwelling, the current four-bedroom home holds excellent leasing appeal in this high-demand area, with rental potential around $750 per week (approx.).
Whether you're after a unique investment opportunity or a home that offers something a little different, this is the kind of property that rarely becomes available in such a prime location. Explore the possibilities and make it your own.
For further details or to book your inspection, contact Alex Cockcroft on 0427 785 000 today.
Listing description written by Alex Cockcroft, Ray White Shellharbour — reproduced as published, not verified by Districts.