15/98 Chuter Av · Ramsgate Beach NSW 2217

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Ramsgate Beach suburb ← Back to board

Is the asking price plausible?

This is a comparison with the evidence we hold, not a valuation or a recommended offer.

CONSERVATIVE
$882k
the calibrated floor
LIKELY FAIR RANGE
$882k–$1.1M
around $981k mid
STRETCH CAP
$1.1M
$1.25M on the wider 80% band

Confidence: Low — based on 26 comparable auction sales (11 of this exact configuration) · model runs ±11% for this configuration · confidence held at Low — under 20 same-configuration sales · priced from this property's own records: previous sale · the model's typical miss is ~10% against published results — every hit and miss

How this estimate was made
  • Method: AI PropertyEye tree model · trained through 2026-09-03
  • Inputs used for this home: priced from this property's own records: previous sale
  • Comparable support: 26 sales in the wider suburb/type pool; 11 of this exact configuration
  • When to be more cautious: Condition, aspect, renovation and the contract are not model inputs and can move the eventual sale price.

Comparable auction sales

AddressConfigSoldWhen
12/94 Chuter Av2 bd · 1 ba$910kSept 2025
2/20-22 Florence St2 bd · 1 ba$906kJuly 2025
3/77 Alfred St2 bd · 1 ba$871kJune 2025
10/132-134 Chuter Av2 bd · 1 ba$950kApr 2025
6/65 Alfred St2 bd · 1 ba$887kAug 2024
11/94-96 Chuter Av2 bd · 1 ba$921kApr 2024

Suburb risk flags

crime index: 38 — below sydney average · trains ~every 10 min at peak

Where every number comes from
  • Fair value: AI PropertyEye tree model 2026-09-02-v7-price-model-v6-full-grid, trained through 2026-09-03 — trained on 169,356 published auction sales; priced per address where this home's own records reach the model (see "How this estimate was made"), otherwise at configuration level (suburb × type × beds), not an appraisal of this exact home
  • Comps: published Domain auction results for Ramsgate Beach — suburb × configuration matches, not hyper-matched to this address
  • Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment

What to inspect before you offer

  • Condition, aspect, renovation and the contract — these can materially change price, and the estimate cannot see them.
  • 3 development applications are recorded at or near this address — check the source records and current status.
  • Planning controls and heritage status — confirm the exact lot, not just the address-level guide, before relying on development potential.
  • Building condition: public records cannot establish that a building is defect-free; inspect independently.

These are due-diligence prompts, not a verdict on this property.

Rent evidence — asking vs transacted, Ramsgate Beach · postcode 2217

$650–$850/wk is what 2-bed units in 2217 actually transact for (middle half of 161 bonds lodged, Q2 2026 · median $750/wk — NSW Fair Trading, CC BY).


2019Q1 → 2026Q2: $490 → $700/wk · +4% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2217, 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.

Growth trend — Ramsgate Beach units at auction

Not enough Ramsgate Beach unit auctions on record to show a trend — this fills in as the archive grows.

Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.

Published auction results at this address

Auction weekResultPriceAgency
28 Feb 2026Sold prior$895,000

From Domain's published weekly auction results — individual outcomes as published; withheld prices stay withheld.

Sale history — the official settled-sale record at this address

ExchangedPriceChange since prior sale
26 Feb 2026 $895,000

Settled-sale records from the NSW Valuer General's Property Sales Information. Dates are contract (exchange) dates; sales appear only once lodged, so the most recent months are incomplete and revise upward — never read the latest month as final. Two entries on one date are usually a single transaction recorded across parts. © State of New South Wales (Valuation NSW).

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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.