Waratah West at a glance
3,392
People
$958,000
Median sale
$575/wk
Median rent
3.12%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
NSW › Waratah West › Tripet Pl
$800,000
Last sold
6 Apr 2022
2
Bedrooms
1
Bathrooms
1
Car spaces
1,036 m²
Land
10 m²
Building
Districts View
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
$800,000
6 Apr 2022 · derived via latest_sale
Local land rate: recorded House sales in Waratah West (last 5 years) with land size have a median of $1,599/m² of land (n=104). Districts calculation from recorded sales — not a valuation.
Waratah West at a glance
3,392
People
$958,000
Median sale
$575/wk
Median rent
3.12%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Vs Waratah West
-16.5%
Median sale
Suburb $958,000
+0.62 pp
Gross yield
Suburb 3.12%
Suburb median $958,000 from 38 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $575/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
Waratah West at a glance
3,392
People
$958,000
Median sale
$575/wk
Median rent
3.12%
Suburb gross yield
Median sale from 38 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate LambtonOpportunities like this don't come along very often. Located on a sought after 1,036m? block with a northerly aspect, this impressive property offers huge development potential for renovation, a duplex or townhouse development, or simply the addition of a granny flat at the rear (subject to Council approval).
First home buyers looking to get into the market, renovators seeking their next project, or developers searching for a good size block for a duplex or townhouse development should not go past this property.
This home offers more than meets the eye, needing only an astute renovation to achieve its full potential. A sought after location close to Morpeth Road Reserve, and only minutes to schools, shops, Lambton Park and Pool, and Newcastle University. If you are after a home in a quiet street with countless parks and playgrounds nearby, this may just be the home for you. Likewise this property could prove to be the perfect investment, add a second dwelling, or knock down and start again with one home or several (all subject to council approval).
The 2 bedroom home has great potential for new owners to enter the market and renovate this home to their own taste. A neat kitchen and bathroom, large living and dining areas, an abundance of natural light, and sizable rear yard and garage under, provide an efficient layout for this home.
The rear yard has to be seen to be believed, it is huge! So much potential.
Close to several well-regarded schools Waratah Public School (3 mins) & Callaghan College Waratah Campus (6 mins) and the University Callaghan Campus (6 mins), Waratah Village Shopping Centre (5 mins) and Lambton Village and nearby cafes (4 mins), a short stroll to Morpeth Road Reserve Playground (100m) and North Lambton Dog Park (400m), while being an easy drive from Newcastle's CBD (12 mins).
The features of this home are as follows:
- 2 Bedrooms with built-in wardrobes
- Bathroom with separate toilet
- Neat Kitchen
- Dining Area
- Large Living Area
- Laundry
- Single Garage
- Timber Deck
- Generous Under House Storage
- Split System Air Conditioning
- Huge Yard
- Close to Newcastle University, Shops, Schools and Transport
- 1,036msq block
A copy of the contract for sale and pest and building inspection reports are available for your information..
Listing description written by Scott Richardson, Elders Real Estate Lambton — reproduced as published, not verified by Districts.