The listing we observed
3 bedrooms · House
Listing details describe the advertised home. They do not verify its condition or approved use.
John Lagounaris · last observed 16 Oct 20263 bed · 1 bath · 2 car · House · 468 m² land
Asking price cut 3% ($100k, from $3,300,000 to $3,200,000) 6 days ago. The vendor has already moved once: negotiate below the NEW asking, not at it.
Your buyer evidence guide
The useful records, what they mean, and the questions they leave open. Start here, then explore the evidence below.
The listing we observed
Listing details describe the advertised home. They do not verify its condition or approved use.
John Lagounaris · last observed 16 Oct 2026How much price evidence fits
The wider pool is not a set of identical homes. Bedroom count, condition and location within the suburb affect comparability.
Published auction evidence · model trained through 2026-09-15Planning activity nearby
An application is not an approval or a promise that building work will happen. Location and stage matter.
NSW Planning Portal · individual records in Explore the areaThese are recorded events, not evidence of the seller's motivation.
Use these with the agent and your independent advisers. An answer is something to verify, not a fact we have recorded.
The estimate is a model output. The records are evidence. Your inspection and document checks fill the gaps.
This is a comparison with the evidence we hold, not a valuation or a recommended offer.
Confidence: Low — based on 71 comparable auction sales (5 of this exact configuration) · model runs ±12% for this configuration · confidence held at Low — under 20 same-configuration sales · priced from this property's own records: block size, land value · thin comparable support for this configuration — read the range as wider, not as a warning
| Address | Config | Sold | When |
|---|---|---|---|
| 26C Marlborough St | 3 bd · 1 ba | $2.42M | Sept 2025 |
| 9a Wrights Rd | 3 bd · 2 ba | $2.23M | May 2025 |
| 42 Henley St | 3 bd · 2 ba | $2.5M | Mar 2025 |
crime index: 41 — around sydney average · 1 min walk to Drummoyne Wharf · ~22 min ferry to the CBD · ferries ~every 9 min at peak
These are due-diligence prompts, not a verdict on this property.
198 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
$1175–$1550/wk is what 3-bed houses in 2047 actually transact for (middle half of 37 bonds lodged, last 12 mo · median $1350/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $880 → $1412/wk · +31% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for houses in 2047, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
468 m²
A house's size is its land. An apartment's advertised "size" can include car space and balcony — the two are never comparable and this site never pools them. Lot details and planning controls sit under Explore the area.
Refuses 5.37% of the development applications it decides · off-street parking 6.78% (determinations to Nov 2023).
The full outlook — every category with confidence ranges, which plan elements come unstuck, and the heritage effect by category — is under Explore the area.
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 1/8-8a Moore Street | by 16 Aug 2026 | $1,945,000 | 3 | Laing+Simmons |
| 23/90 St Georges Crescent | 24 Mar 2026 | $1,600,000 | 2 | Harris Partners |
| 17 Broughton Street | 4 Aug 2023 | $1,920,000 | 4 | Harris Partners |
| 2/15a Wrights Road | 9 Aug 2022 | $1,215,000 | 2 | Harris Partners |
| 33 Wrights Road | 28 June 2022 | $2,300,000 | 4 | Harris Partners |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
The 6 listings above are on the market now: same house category, within 1 bedroom of 3, asking within 20% of this one, in Drummoyne or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Houses and dual occupancies. A protected low-rise street — little chance of towers next door.
Heritage conservation area — Bourketown. The property sits in a heritage conservation area — the streetscape is protected, so visible/external changes are controlled. It's area-wide, not this building specifically; it tends to preserve character and value.
Registered lots in Drummoyne run 220–720 m² (middle 80% of 46 registered parcels). This one is 468 m² — inside that range.
Whether a block this size can be subdivided or redeveloped is a separate question: minimum lot size, setbacks and the council's DCP controls decide it, and this page doesn't check them. One point per registered parcel, so a tower's parent lot counts once — not once per unit. Confirm the parcel and its controls with the council before you inspect.
Zone R2 (Low Density Residential) under the CANADA BAY LEP · heritage from the NSW Heritage Map layer, as recorded against this property in the NSW Valuer General's valuation record — a guide, not a parcel-level legal check. Confirm the exact lot at the NSW Planning Portal.
| If you wanted to… | Refused | vs NSW | Applications decided |
|---|---|---|---|
| Alterations & additions | 4.9% (2.94–8.05%) | 1.9× (NSW 2.63%) | 14 refused of 286 · 3 approved with conditions |
| Off-street parking | 6.78% (2.67–16.18%) | 2.6× (NSW 2.58%) | 4 refused of 59 |
| Pool, deck or fence | 5.41% (2.5–11.29%) | 3.1× (NSW 1.73%) | 6 refused of 111 · 6 approved with conditions |
| Granny flat | too few to rate | — (NSW 4.45%) | 1 refused of 15 · 1 approved with conditions |
| Knock down & rebuild | too few to rate | — (NSW 11.55%) | 3 refused of 13 · 2 approved with conditions |
Across all application types City of Canada Bay Council refused 5.37% (3.94–7.28%) of the 708 development applications it decided.
The refusal rate above says how strict the council is. This says which part of a plan is exposed — measured across all 192,284 NSW development applications, not just this council. Each is an association: plenty of applications carrying these elements are approved, and nothing here is a verdict on a proposal you haven't made yet.
Heritage does not make everything harder — it depends entirely on what you want to do, and for some work it makes approval more likely. Measured across NSW by category:
These are NSW-wide rates for heritage-affected applications, not City of Canada Bay Council-specific, and they describe applications rather than this property. The zoning section above records the actual listing at this address.
Determinations lodged on the NSW Planning Portal up to Nov 2023 — the published dataset stops there, so this is a record of how the council has behaved, not a forecast and not a statement about any particular application. Rates cover development applications only; modifications and reviews of an earlier decision are excluded. A rate is shown only where at least 30 applications were decided — below that the counts are given instead, because a percentage from a handful of decisions is not a fact about a council. "Approved with conditions" is a consent, not a refusal, and is never counted as one.
| Where | Proposal | Status | Outcome | Est. cost | Lodged |
|---|---|---|---|---|---|
| ~33 m · 27 Thompson Street Drummoyne 2047 | Dwelling House, Alterations Or Additions To An Existing Building Or Structure, Residential Accommodation · 1 new dwelling | Determined | not on record | $250k | 2025-12-01 |
| ~69 m · 33 Thompson Street Drummoyne 2047 | Dwelling House, Alterations Or Additions To An Existing Building Or Structure, Balcony, Deck, Patio, Terrace Or Verandah | Determined | not on record | $229k | 2026-05-14 |
| ~100 m · 121 Henley Marine Drive Drummoyne 2047 | Alterations And Additions To Residential Development | Determined | not on record | $386k | 2022-12-02 |
| ~104 m · 14 Therry Street Drummoyne 2047 | Alterations And Additions To Residential Development · 1 new dwelling | Determined | Refused | $4k | 2020-04-08 |
| ~110 m · 12 Therry Street Drummoyne 2047 | Alterations Or Additions To An Existing Building Or Structure, Residential Accommodation | Determined | not on record | $631k | 2026-08-11 |
| ~127 m · 4 South Street Drummoyne 2047 | Alterations And Additions To Residential Development · 1 new dwelling | Determined | not on record | $250k | 2022-11-14 |
Development application data © NSW Department of Planning and Environment, used under CC BY 4.0. Matched at this exact address or within ~150 m of its geocoded point — proximity evidence, not a parcel-level check. Lodged means proposed, not approved or built. Outcome comes from a separate NSW dataset that stops in Nov 2023: applications determined after that, or still undetermined, read “not on record” — which means we don't know, never that it was refused. “Status” is the council's own workflow state and “Determined” on its own does not say which way it went. Verify any application on the NSW Planning Portal.
2026-10-12 — Development site — listing's own words: "STCA" (39 Therry Street, Drummoyne, NSW 2047) (listing rea-152601804 (rea), first seen 2026-10-12)
2026-10-08 — Health invest — 159 VICTORIA ROAD DRUMMOYNE 2047 ($240k) (institutional-signals.json (PAN-680296, OnlineDA))
2026-09-30 — Development site — listing's own words: "STCA" (31 Moore Street, Drummoyne, NSW 2047) (listing rea-152477800 (rea), first seen 2026-09-30)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
Drummoyne PS (primary) · SSC Balmain (secondary)
5 primary schools within 2 km · ICSEA ~1131 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
NSW DoE intake zones at this address's geocoded point — tighter than a suburb-level guess, but geocodes carry a few metres of error and boundaries change with reviews. Verify the exact address at School Finder. Intake zones cover government schools only.
Protected public recreation land within 250 m
Land zoned RE1 under the local environmental plan — reserved for public recreation, which protects it from being built over. The zoning doesn't say what's on it or how usable it is, and this layer doesn't carry park names.
Privately-zoned recreation land (RE2 — typically golf courses or club grounds) within 1000 m. Private land: green outlook, not public open space.
Straight-line distance, not walking distance. NSW ePlanning planning layers (Land Zoning), CC BY. Distances are ladder buckets measured at the address's geocoded point.
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.