Shell Cove at a glance
8,462
People
$1,505,000
Median sale
$970/wk
Median rent
3.35%
Suburb gross yield
Median sale from 90 recorded sales (last 12 months) — a Districts calculation.
NSW › Shell Cove › Cormorant Way
$1,175,000–$1,225,000
For sale
Asking range
2
Bedrooms
2
Bathrooms
1
Car spaces
Districts View
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
Asking
$1,175,000–$1,225,000
Asking range
No recorded sale for this property.
Shell Cove at a glance
8,462
People
$1,505,000
Median sale
$970/wk
Median rent
3.35%
Suburb gross yield
Median sale from 90 recorded sales (last 12 months) — a Districts calculation.
Vs Shell Cove
-21.9%
Median sale
Suburb $1,505,000
+0.94 pp
Gross yield
Suburb 3.35%
Suburb median $1,505,000 from 90 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$51,154 on top of the price (4.4% extra)
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.
Based on the low end of the asking range, not a contract price.
Pre-filled with Shell Cove's advertised median rent — not a rent for this listing.
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.
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 $970/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.
Gross yield if leased at the suburb aggregate is 4.3%. 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
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
Shell Cove at a glance
8,462
People
$1,505,000
Median sale
$970/wk
Median rent
3.35%
Suburb gross yield
Median sale from 90 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by MCG Property ShoalhavenImagine starting your morning with a coffee in hand, strolling along the Marina before the rest of the day begins. On the way home, you stop by Woolworths, catch up with friends over lunch by the water, then finish the afternoon relaxing in your own private courtyard.
That's the lifestyle waiting for you at G15/17 Cormorant Way.
Positioned on the ground floor of one of Shell Cove's most sought-after developments, this beautifully presented apartment feels spacious, modern and incredibly easy to live in. The open-plan design flows effortlessly from the kitchen and living area out to a generous landscaped courtyard, giving you plenty of room to entertain friends, unwind with a book or simply enjoy the fresh coastal air.
The master bedroom offers its own ensuite and direct access to the courtyard, while the second bedroom and bathroom provide the flexibility for family, guests or a home office.
The best part? Once you're home, you'll hardly need the car.
The Marina, cafés, restaurants, bars, shopping and walking tracks are all just minutes away. Whether you're meeting friends for dinner, spending the afternoon on the water or taking an evening walk along the foreshore, everything that makes Shell Cove such a sought-after community is right on your doorstep.
If you've been searching for a home that offers low-maintenance living without sacrificing space, comfort or location, this is one you'll want to inspect.
**Property Features**
• Ground-floor apartment within a secure boutique complex
• Spacious open-plan living and dining
• Large private landscaped courtyard
• Two generous bedrooms with built-in wardrobes
• Main bedroom with ensuite and courtyard access
• Designer kitchen with stone benchtops and quality appliances
• Ducted air conditioning throughout
• Secure basement parking with storage cage
• Residents' swimming pool and beautifully maintained common areas
• Pet-friendly complex
• Level access throughout
• Easy walk to Shell Cove Marina, cafés, restaurants, shopping and beaches
Contact Kevin Johnston 0423 381 461 or Cindy McGillivray on 0413 724 446 for further information. All information has been obtained from reliable sources; however, prospective buyers should conduct their own investigations.
Listing description written by Kevin Johnston, MCG Property Shoalhaven — reproduced as published, not verified by Districts.