38 Smith Road, Elermore Vale NSW 2287

38 Smith Road, Elermore Vale NSW 2287
Flood overlay detected | Pool and parking rare at this price point | Single bathroom limits buyer pool | Strong school catchment The propertyโ€™s primary competitive advantage lies in the combination of a 645 mยฒ block, a pool, and three off-street car spacesโ€”features that are increasingly uncommon at this end of the Elermore Vale market. For a buyer seeking a light-filled, private family home with a bush backdrop and access to Wallsend South Public School and Lambton High School, the configuration offers genuine scarcity. The estimated value of $923,000 sits above the suburbโ€™s three-bedroom median of $847,500, meaning the house is priced for a premium position rather than as a bargain entry point. The flood overlay is the most material risk and should be investigated through council flood mapping and insurance quotes before any offer is made. A single bathroom in a three-bedroom home will deter a segment of family buyers and may cap future resale competition. The NBN connection is Fibre to the Node, not a prime value driver but a supporting factor. For a buyer willing to address the bathroom constraint or accept it, the propertyโ€™s land size, parking, and pool offer a rare package that could hold value better than nearby alternatives on smaller blocks.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 38 Smith Road, Elermore Vale NSW 2287
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Market Insight:

Elermore Vale is a well-established Newcastle suburb attracting a diverse mix of families, first-home buyers, and investors, supported by strong local amenities. Demand is high, evidenced by rapid sales and low vacancy rates, driving robust recent price growth. Future performance is underpinned by this sustained demand, though the significant apartment supply and a market approaching fair value suggest moderated growth expectations ahead.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

3

Land

645mยฒ

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