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NSW › East Maitland › Banks St

U4, 42 Banks St, East Maitland NSW 2323

For saleUnit

$899,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

253 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $899,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $899,000(Listing record · 3 Aug 2026)
  • CalculationAsk is 6% above the East Maitland median recorded sale ($850,000, n=120, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at East Maitland's advertised median rent ($566/wk), implied gross yield would be 3.27% — 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

$899,000

Asking · $3,553/m² of land

No recorded sale for this property.

East Maitland at a glance

12,227

People

$850,000

Median sale

$566/wk

Median rent

3.46%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full East Maitland report →

Vs East Maitland

+5.8%

Median sale

Suburb $850,000

-0.19 pp

Gross yield

Suburb 3.46%

Suburb median $850,000 from 120 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$899,000
Stamp Duty (New South Wales)
$34,867
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
$937,734

$38,734 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 East Maitland's advertised median rent — not a rent for this listing.

Net yield
1.77%
Annual cashflow (pre-tax)
$-30,801
Interest cover (DSCR)
0.34
Annual rent
$29,432
Operating expenses
$13,485
Loan amount
$719,200
Annual interest
$46,748
Gross yield
3.27%

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$899,000available3 Aug 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 $566/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 3.3%. 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

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

East Maitland in one glance

East Maitland at a glance

12,227

People

$850,000

Median sale

$566/wk

Median rent

3.46%

Suburb gross yield

Median sale from 120 recorded sales (last 12 months) — a Districts calculation.

See the full East Maitland report →

Keep researching

  • Why East Maitland? Read the area thesis →
  • What else is on the market in East Maitland →
  • Other records on Banks St →

Listing material

Listed by Thompson & Clarke Real Estate

Hamptons-Inspired Living with Character & Convenience

Welcome to 4/42 Banks Street, East Maitland — a beautifully presented three-bedroom, two-bathroom residence offering a bright modern feel, low-maintenance living and a wonderful sense of character within a heritage conservation area.

Designed with comfort and practicality in mind, the home offers a fresh Hamptons-inspired style with crisp white interiors, plantation shutters throughout and a warm, inviting feel from the moment you step inside. The layout is easy to live in, with thoughtful features including split-system air conditioning to each bedroom, additional air conditioning throughout the home, ceiling fans, extra power points, Crimsafe doors and automatic blockout electric blinds.

The kitchen and living areas feel bright and modern, while the study nook beneath the staircase adds a practical work-from-home or everyday organisation space. Gas connection adds further convenience, while the home's low-maintenance design makes it ideal for those wanting comfort without the upkeep.

Read the full description

Accommodation includes three bedrooms, with the main bedroom enjoying a beautiful sense of space and grand glass doors opening out onto the balcony. Overlooking greenery and palm trees, the balcony creates a peaceful place to enjoy your morning coffee or unwind at the end of the day.

Both bathrooms are generous and well-appointed, featuring oversized showers and excellent vanity space, adding comfort and functionality to everyday living.

Outside, the front courtyard provides a private and easy-care outdoor area, perfect for sitting, relaxing or adding your own touch of greenery.

Adding further appeal, strata approval has been obtained for a one-person lift and solar panels, giving buyers additional flexibility for future improvements.

Positioned for convenience, the property offers easy access to the New England Highway and is close to Easts Bowling Club, local cafés and the East Maitland hub with IGA, chemist, cafés and everyday conveniences. Green Hills Shopping Centre, local primary schools and high schools are also only a short drive away.

Property Features:

- Three bedrooms, two bathrooms and double car accommodation

- Located within a heritage conservation area

- Bright white interiors with a modern Hamptons feel

- Low-maintenance design

- Plantation shutters throughout

- Split-system air conditioning to each bedroom

- Additional air conditioning throughout the home

- Ceiling fans

- Automatic blockout electric blinds

- Crimsafe doors

- Extra power points throughout

- Gas connection

- Study nook beneath the staircase

- Main bedroom with grand glass doors opening to balcony

- Balcony overlooking greenery and palm trees

- Both bathrooms with oversized showers and generous vanity space

- Front courtyard area

- Strata approval in place for a one-person lift

- Strata approval in place for solar panels

- Easy access to the New England Highway

- Close to Easts Bowling Club, local cafés and East Maitland conveniences

- Short drive to Green Hills Shopping Centre, local schools and the East Maitland hub

Offering character, comfort and modern low-maintenance living, 4/42 Banks Street is a fantastic opportunity for buyers seeking a stylish East Maitland home with everyday convenience and future flexibility.

Disclaimer:

Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.

Listing description written by Reece Thompson, Thompson & Clarke Real Estate — 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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