23 Jungarra Cres, Bonny Hills NSW 2445
23 Jungarra Cres, Bonny Hills NSW 2445
3-bed 1981 house on 904mยฒ | 21% site coverage, air conditioning, floorboards | 90% owner-occupied street | Bushfire overlay present
The property’s competitive strength lies in its low site coverage of 21 percent on a 904-square-metre lot, offering rare expansion or reconfiguration potential in a street where 90 percent of residents are owner-occupiers, indicating stable demand and limited turnover. The 1981 build with floorboards, air conditioning, and an outdoor entertainment area suits a buyer seeking a solid, liveable base with scope to add value through renovation or extension. This house serves best a long-term owner-occupier or a buyer willing to hold for capital growth in a suburb with 83 percent owner-occupancy suburb-wide.
The bushfire overlay introduces a specific risk, potentially increasing insurance costs and limiting certain renovations without council approval, which a buyer must factor into their budget and timeline. The NBN Fibre to the Node is adequate but not a prime driver, though it supports remote work. The opportunity lies in the property’s estimated value range of $880,000 to $1.16 million, suggesting a discount to the $1.02 million midpoint, offering entry below market sentiment. Hold for medium-term appreciation or renovate to lift value toward the street’s comparable estimate of $1.04 million.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Bonny Hills is a mature coastal suburb with a stable, professional demographic driving demand for its established housing stock. Recent price trends indicate steady, moderate growth, supported by a tight rental market with very low vacancy. Future growth is anchored by its coastal appeal, though the market shows sensitivity to supply fluctuations and a slower turnover of premium properties.