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NSW › Charlestown › Charlestown Rd

608/316 Charlestown Rd, Charlestown NSW 2290

For saleApartment

$645,000–$675,000

For sale

Asking range

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $645,000–$675,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $645,000–$675,000(Listing record · 7 July 2026)
  • CalculationAsk is 41% below the Charlestown median recorded sale ($1,100,000, n=71, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Charlestown's advertised median rent ($692/wk), implied gross yield would be 5.58% — 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

$645,000–$675,000

Asking range

No recorded sale for this property.

Charlestown at a glance

14,377

People

$1,100,000

Median sale

$692/wk

Median rent

3.27%

Suburb gross yield

Median sale from 71 recorded sales (last 12 months) — a Districts calculation.

See the full Charlestown report →

Vs Charlestown

-41.4%

Median sale

Suburb $1,100,000

+2.31 pp

Gross yield

Suburb 3.27%

Suburb median $1,100,000 from 71 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
$645,000
Stamp Duty (New South Wales)
$23,437
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
$672,304

$27,304 on top of the price (4.2% 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 Charlestown's advertised median rent — not a rent for this listing.

Net yield
4.08%
Annual cashflow (pre-tax)
$-7,231
Interest cover (DSCR)
0.78
Annual rent
$35,984
Operating expenses
$9,675
Loan amount
$516,000
Annual interest
$33,540
Gross yield
5.58%

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$645,000–$675,000available7 July 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 $692/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 5.6%. 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

Charlestown in one glance

Charlestown at a glance

14,377

People

$1,100,000

Median sale

$692/wk

Median rent

3.27%

Suburb gross yield

Median sale from 71 recorded sales (last 12 months) — a Districts calculation.

See the full Charlestown report →

Keep researching

  • Why Charlestown? Read the area thesis →
  • What else is on the market in Charlestown →
  • Other records on Charlestown Rd →

Listing material

Listed by Century 21 Novocastrian

Elevated Living with Spectacular Sunset Views

Positioned on the sixth floor of the highly regarded Alto Apartments, this beautifully presented residence delivers the perfect balance of space, comfort and low-maintenance living. Showcasing breathtaking district views and spectacular sunsets, this is an apartment designed for those wanting to enjoy an effortless lifestyle without compromising on quality or proportions.

Freshly updated with brand new carpet throughout, the generous floorplan offers an immediate sense of space from the moment you step inside. Light-filled open plan living and dining flows seamlessly onto a spacious covered balcony, creating an inviting setting to entertain friends, enjoy your morning coffee or simply relax while taking in the ever-changing outlook.

A standout feature is the thoughtful design, with both generous bedrooms opening directly onto the balcony, allowing each room to enjoy fresh breezes, natural light and the impressive elevated views. The main bedroom features built-in wardrobes and a private ensuite, while the second bedroom also has a built-in wardrobe and is serviced by a modern bathroom, making the layout equally appealing for couples, downsizers or those who regularly welcome family and guests.

Read the full description

The well-appointed kitchen has been designed for everyday practicality, complete with stone benchtops, gas cooktop, dishwasher, microwave, generous pantry, excellent storage and a large fridge cavity. Reverse cycle air conditioning, a spacious internal laundry, linen storage and quality finishes throughout further enhance the home's comfort and functionality.

Residents of Alto enjoy secure intercom entry, lift access, beautifully maintained communal facilities, secure basement parking and a private storage cage, all within easy walking distance of Charlestown Square, cafés, restaurants, medical facilities and public transport. With Lake Macquarie and Newcastle's beautiful coastline only a short drive away, this exceptional apartment offers a lifestyle of convenience, security and ease.

Features include:

* Elevated sixth-floor position with sweeping district and sunset views

* Brand new carpet installed

* Two generous bedrooms with built-in wardrobes and balcony access

* Main bedroom complete with ensuite

* Spacious open plan living and dining

* Generous covered balcony ideal for entertaining

* Modern kitchen with gas cooktop, dishwasher, microwave and generous pantry

* Reverse cycle air conditioning

* Spacious internal laundry and linen storage

* Secure intercom building with lift access

* Secure parking plus storage cage

* Beautifully maintained communal entertaining area

* Walk to Charlestown Square, cafés, restaurants and everyday conveniences

Whether you're downsizing from a family home, seeking the convenience of apartment living or simply wanting more time to enjoy life and less time maintaining it, this impressive residence offers an outstanding opportunity to embrace one of Charlestown's most convenient and sought-after lifestyles.

Council: Lake Macquarie

Land Rates: $1002pa approx

Water Rates: $856pa approx

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.

Listing description written by Suzanne Hill, Century 21 Novocastrian — 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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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.