51 Hardie Street, Mascot NSW 2020
51 Hardie Street, Mascot NSW 2020
Freestanding house on 332sqm | East-facing rear with level lot | Six-bedroom configuration rare in Mascot | Strong recent comparable sale on same street
The property’s primary competitive strength is its six-bedroom configuration on a level 332sqm lot, a rare offering in Mascot’s tightly-held market. This size and layout serve families or investors seeking high rental yield, with weekly income potential near $1,665. The east-facing rear, balcony, and outdoor entertainment area add lifestyle appeal, while the 2010 purchase price of $765,000 underscores significant capital growth, supported by the recent $1,663,000 sale of a smaller three-bedroom house at 50 Hardie Street. The property suits buyers who prioritise space and rental return over turnkey condition.
Flood overlay is a specific risk, potentially increasing insurance costs and limiting some financing options; buyers should verify flood history and mitigation measures. The house’s 57% site coverage and 190sqm building size suggest limited scope for further extension without council approval. However, the level lot and east-facing rear offer good passive solar orientation. Hold for long-term capital appreciation in a suburb with strong owner-occupier demand (42% owner-occupied) and reliable NBN plus 5G coverage as supporting amenities.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Hardie Street, Mascot NSW 2020
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Mascot presents a market of distinct segments, with its apartment sector demonstrating robust growth, appealing strongly to young professionals drawn by high rental yields and proximity to the city. While house prices have softened recently, indicating a more measured market, the suburb’s high mortgage commitments and rental affordability pressures highlight significant constraints. Future performance will hinge on broader economic factors and the sustained demand from its core demographic within this well-located urban hub.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
6
Bathroom
2
Parking
-
Land
332m²
URL has been copied successfully!