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NSW › Morisset › Bridge St

King'S Release Bridge St, Morisset NSW 2264

For saleLand

$535,000

For sale

Asking

0

Bedrooms

0

Bathrooms

0

Car spaces

600 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $535,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $535,000(Listing record · 18 Feb 2024)
  • FactLand 600 m²; no building size recorded.(Property record)
  • CalculationAsk is 40% below the Morisset median recorded sale ($886,500, n=36, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Morisset's advertised median rent ($587/wk), implied gross yield would be 5.71% — 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

$535,000

Asking · $892/m² of land

No recorded sale for this property.

Morisset at a glance

4,361

People

$886,500

Median sale

$587/wk

Median rent

3.44%

Suburb gross yield

Median sale from 36 recorded sales (last 12 months) — a Districts calculation.

See the full Morisset report →

Vs Morisset

-39.7%

Median sale

Suburb $886,500

+2.27 pp

Gross yield

Suburb 3.44%

Suburb median $886,500 from 36 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$535,000
Stamp Duty (New South Wales)
$18,487
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
$557,354

$22,354 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

Pre-filled with Morisset's advertised median rent — not a rent for this listing.

Net yield
4.21%
Annual cashflow (pre-tax)
$-5,321
Interest cover (DSCR)
0.81
Annual rent
$30,524
Operating expenses
$8,025
Loan amount
$428,000
Annual interest
$27,820
Gross yield
5.71%

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$535,000available17 Feb 2024

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 $587/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 5.7%. 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

Morisset in one glance

Morisset at a glance

4,361

People

$886,500

Median sale

$587/wk

Median rent

3.44%

Suburb gross yield

Median sale from 36 recorded sales (last 12 months) — a Districts calculation.

See the full Morisset report →

Keep researching

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

Listing material

Listed by One Agency Morisset

KING'S RELEASE - REGISTERED LAND FOR SALE - ALLAMBIE GROVE, MORISSET

King’s Release, Allambie Grove, Morisset

The Estate Owners are paying homage to Jim King in their latest release!

This stage is the most exciting to date, not only because of so many exciting developments unfolding in the area of Morisset, and that 2024 is earmarked to be the most rapid selling year to date due to the overwhelming interest pouring into the area of Morisset … but also why this boutique section of the estate is in actual fact the jewell in the crown (excuse the pun) and hence why it seems so fitting to recognise Jim King, and name this beautiful part of Morisset which is surrounded by bushland reserve and popular Stockton Creek - all on the fringe of sparkling Lake Macquarie, as the “King’s Release” - a dedicating and respectful gesture for all of Jim’s efforts from previous years overseeing the estate progress, and from the very beginning (prior to One Agency Morisset).

Read the full description

It only seems appropriate, and as a mark of respect and honour for all of Jim King’s dedication to earlier stages of the estate, that the final piece of the puzzle, concludes with the naming rights to the well respected and much loved member of the community: Jim King

We welcome you to this final release of Allambie Grove, King’s Release, and it is certainly proving to be a case of saving the best until last!

Nearby to:

- Morisset Township, Shopping Centres, Morisset Train Station (1.5km) & Bus Interchange

- Cedar Mill Entertainment Precinct (2km) & Morisset Industrial Business Park (3km)

- Dora Creek, Shopping Village, Train Station, Creek Reserve (5km)

- Cooranbong, Avondale Shopping Village, Watagan Mountains (9km)

- Morisset Peninsula, surrounded by beautiful Lake Macquarie and features ...

- Bay Shopping Centre, Coles, Bay Hotel Motel, Boatshed Restaurant & Cellarbrations Bottle Shop (5.5km)

- Bonnells Bay Boat Ramp, Pendlebury Park & Waterfront Reserve (4.6km)

- Trinity Point Marina and renowned restaurant 8 at Trinity (6.8km)

Local Area Information:

- Public Transport available from Morisset Township and surrounding suburbs (Morisset Bus interchange available at Morisset Railway Station).

- Local bus service runs hourly weekdays, two-hourly on weekends.

- Two minute drive from M1 Morisset interchange (3km), 90 minutes drive from Sydney and 45 minutes drive to Newcastle & Gosford CBDs.

- Gateway to the famous Lake Macquarie, Australia's Largest Saltwater Lake, and also the Hunter Valley .... with plenty of adventures to be had!

*Lake Macquarie is the largest coastal saltwater lake in the Southern Hemisphere. It covers approximately 120 square kilometres (over twice the size of Sydney Harbour), and the lakes shoreline is 174km long (the foreshore consists of 174km of bays, beaches and headlands). The lake is 22km running north-south, gauging from Speers Point to Chain Valley Bay. At its widest, spanning the stretch of water from Dora Creek to Swansea, it’s 8km across. Lake Macquarie has a maximum depth of about 16m, and a mean depth of 5.3m.

Please contact Natalie Lett on 0424 639 821 for more information on the King's Release, Allambie Grove, Morisset NSW 2264.

Related Articles on Morisset:-

https://newcastleweekly.com.au/numbers-expected-to-pour-into-morisset

https://www.realestate.com.au/news/the-quaint-lakeside-town-north-of-sydney-set-to-boom-with-boomers/?campaignType=external&campaignChannel=paid_social&campaignSource=facebook&campaignName=content&campaignContent=developer_sponsored&campaignKeyword=ingenia

Listing description written by Natalie Lett, One Agency Morisset — reproduced as published, not verified by Districts.

Districts

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

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