87 Mitchelmore Street, Turvey Park NSW 2650
87 Mitchelmore Street, Turvey Park NSW 2650
87 Mitchelmore Street, Turvey Park | 3-bedroom house on 638-646m² | established owner-occupied suburb | strong family catchment schools | no recent comparable sales data
This property offers a rare configuration edge in Turvey Park: a three-bedroom house on a substantial 638-646m² block where 75% of local residents are owner-occupiers, signalling low turnover and stable demand. The land-to-dwelling ratio is competitively strong for families seeking space within walking distance of two primary schools, and the 2018 purchase history at $270,000 suggests significant potential for equity growth if the current listing reflects market positioning. It serves best for a buyer prioritising long-term land value in a low-supply suburb, particularly those with school-age children.
The primary risk is the absence of recent comparable sales data, making valuation uncertain relative to the listing price; the 0% auction clearance rate in Turvey Park indicates a cautious buyer pool. An opportunity exists in negotiating below the listing price, given the property’s 8-day market exposure and the suburb’s 48 annual sales volume, which provides liquidity. Hold this property for at least five years to capture land appreciation in a stable, owner-occupied corridor.
Detailed Independent Property Report prepared by PropCred Analyst team for 87 Mitchelmore Street, Turvey Park NSW 2650
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Turvey Park presents as a stable, entry-level market with a clear divergence between its established house segment and more volatile unit market. Demand is anchored by investors seeking solid rental yields and affordability, supporting consistent turnover. Recent price trends indicate moderate but steady house growth, contrasting with sharper unit appreciation, within a balanced sales environment. Future performance will hinge on sustained rental demand against a low vacancy rate, though broader economic sensitivity remains a watch point for this value-oriented suburb.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
638m²
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