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NSW › Swansea › Wallace St

U1, 14 Wallace St, Swansea NSW 2281

For saleUnit

$700,000

For sale

Asking

2

Bedrooms

1

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $700,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $700,000(Listing record · 8 July 2026)
  • CalculationAsk is 40% below the Swansea median recorded sale ($1,165,400, n=44, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Swansea's advertised median rent ($602/wk), implied gross yield would be 4.47% — 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

$700,000

Asking

No recorded sale for this property.

Swansea at a glance

4,986

People

$1,165,400

Median sale

$602/wk

Median rent

2.69%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Swansea report →

Vs Swansea

-39.9%

Median sale

Suburb $1,165,400

+1.78 pp

Gross yield

Suburb 2.69%

Suburb median $1,165,400 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$700,000
Stamp Duty (New South Wales)
$25,912
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
$729,779

$29,779 on top of the price (4.3% 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 Swansea's advertised median rent — not a rent for this listing.

Net yield
2.97%
Annual cashflow (pre-tax)
$-15,596
Interest cover (DSCR)
0.57
Annual rent
$31,304
Operating expenses
$10,500
Loan amount
$560,000
Annual interest
$36,400
Gross yield
4.47%

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$700,000available8 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 $602/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 4.5%. 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

Swansea in one glance

Swansea at a glance

4,986

People

$1,165,400

Median sale

$602/wk

Median rent

2.69%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Swansea report →

Keep researching

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

Listing material

Listed by SOLD Real Estate

Street Facing, this Feels More Like Home, than Typical Villa Living, Rare Direct Courtyard Access, Open Plan, Light Filled Living, Just 1 Neighbour!

A stroll to everything, when the time comes to downsize and simplify, you don't have to compromise on privacy, space, light filled open plan living, or garaging.

Promising extreme convenience, in a lifestyle location in Seaside Swansea, in lovely Lake Macquarie, everything you need day to day is located on the flat, just a stroll or scooter ride away.

If the time has come to get off the hill, get away from stairs, maintenance, and house and yard work, then this property will put a smile on your dial.

Read the full description

With lots of the great features of home, but none of the issues.

Perfectly positioned at the front of this very well-regarded complex, this immaculate single level residence enjoys far greater privacy than most villas.

With no neighbour on one side, your open plan living area is much larger and enjoys lots more natural light than most, and rare direct courtyard access.

Direct courtyard access is perfect for when you've been out with your fur baby, and you need to wash, and dry them off, before they come inside, or for tradespeople access to your HWS or air con, and any courtyard landscaping, paving or outdoor entertaining upgrades!

Most villas can only access their courtyards through inside, which is tricky for trades and courtyard improvements, grandkids and fur babies can slip out and feel some grass under their feet, but you'll never have to mow or maintain it!

While you're still driving, you've got auto door access to the garage, and your garbage bins don't encroach on your garage space either, as they can be left out in the courtyard, unlike most villas!

A second car space in front of your garage allows for your second vehicle, or a visitor's car, and once you don't drive, this garage is a great second living space where winter sun and summer sea breezes stream in, the main open plan living inside and two bedrooms, also enjoying the best of the North facing aspect.

Set on the level, you're just an easy stroll from Swansea's shopping precinct, cafés, medical facilities, post office, banking, library, hotel, clubs, and the Lake's foreshore, boat ramps and beautiful channel boardwalk, making everyday life as effortless, as it is enjoyable.

Whether you're downsizing from the family home, retiring to enjoy more free time, looking for an easy-care investment or simply wanting a lock-up-and-leave lifestyle, this home offers the perfect balance of comfort, practicality and location.

The spacious open plan living and dining areas create a welcoming place to relax, while the generous kitchen offers excellent bench space, plenty of storage and breakfast bar seating for casual meals.

Sliding doors connect the living space to a covered rear courtyard, where you can entertain friends, enjoy your morning coffee or potter in the low maintenance gardens without spending your weekends maintaining a large yard.

Thoughtfully designed for long-term comfort, the home features two generous light filled, breezy bedrooms, both with built-in robes, a spacious bathroom complete with a separate shower and bathtub, and a separate toilet, with the added bonus of a second toilet off the internally and externally accessed laundry, especially convenient when you're entertaining guests outdoors.

With so many villas not having a second toilet, an increasingly sought-after feature that makes everyday living that little bit easier, many don't even have a separate toilet, so when the bathroom is in use, no one else can use the loo.

The automatic door garage provides valuable internal access direct to the kitchen, to unload groceries, and the laundry, so you can dump your fishing clothes straight into the washing machine.

Internally accessed garaging also allows you to come and go without stepping outside, especially helpful in bad weather, but also more secure, for anyone on their own, who appreciates that extra level of safety.

Here the low maintenance grounds leave you more time to enjoy everything this fantastic lakeside community has to offer, from bowls, golf, cafe or club hopping and sightseeing.

Whether you're downsizing, retiring, investing or searching for an easy lock-up-and-leave holiday lifestyle, this is the kind of villa buyers froth over.

• Street facing front villa offers extra privacy with only one adjoining neighbour

• Spacious single level design with no stairs and effortless everyday living

• Light filled open plan lounge and dining flows seamlessly to the outdoors

• Well-appointed kitchen with great storage, bench space & breakfast bar

• Covered entertaining patio perfect for year-round dining and relaxing

• Two generous bedrooms with built-in robes & easy access to the bathroom

• Spacious bathroom featuring separate shower, bathtub & separate toilet

• Valuable second toilet located off the laundry for added convenience

• Automatic garage with internal access, keeping you dry in all weather

• Split system air conditioning, ceiling fans and easy-care interiors throughout

• Low maintenance courtyard, leaving more time to enjoy your lifestyle

• Walk everywhere with shops, cafés, clubs & doctors nearby

• Stroll to Swansea Channel, boat ramp & beautiful foreshore walks

• Just minutes to Blacksmiths Beach, Caves Beach & Lake Macquarie's best waterways

• Perfect for downsizers, retirees, investors or those seeking a lock-up-and-leave lifestyle

Downsize, don't downgrade, better living starts here!

*Disclaimer: All information provided, including marketing materials, is for general guidance and indicative purposes only. While deemed reliable, it is not guaranteed. Prospective buyers are advised to conduct their own investigations to verify the accuracy of details, including property features, inclusions, and availability.

Listing description written by Shanti Page, SOLD Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Courtyard
  • Fully Fenced
  • Outdoor Entertaining
  • Reverse Cycle Aircon
  • Shed
  • Toilets: 2

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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.