9 Mushroom Street, Oakville NSW 2765
9 Mushroom Street, Oakville NSW 2765
5 bedrooms | 4 bathrooms | 340sqm lot | sold June 2024 | Oakville growth corridor
The property is a near-new five-bedroom home on a compact 340sqm lot in Oakville, a suburb within a developing growth corridor. Its primary buying case is the configuration: five bedrooms and four bathrooms in a modern build, which is rare for this lot size and price point. This makes it suitable for a large family or an investor targeting the rental demand for multi-generational living. The dual master suites and multiple living zones are practical features that strengthen its appeal in a market where space is at a premium. The June 2024 sale at $680,000 appears to be a land-plus-improvement transaction, which positions the buyer with a completed dwelling at a cost that may already reflect a discount relative to replacement value, given current construction costs.
The primary risk is the inconsistency in public records, which raises the possibility that the $680,000 sale price pertains only to the land, not the completed house. If the dwelling was built separately, the buyerโs total cost could be significantly higher, potentially exceeding the $1.3Mโ$1.5M range suggested by some listing data. This uncertainty must be resolved through title search and council records before proceeding. The opportunity lies in the suburbโs growth trajectory: Oakville is part of a planned release area, and this propertyโs modern configuration should appreciate as infrastructure develops. The 340sqm lot is small for the area, limiting future subdivision potential, but the house itself is a strong hold for rental yield or owner-occupation in a tightening market. Verify the sale record covers the dwelling, then treat this as a buy-and-hold play in a growth corridor.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 9 Mushroom Street, Oakville NSW 2765
Market Insight:
Oakville is a semi-rural suburb characterised by high owner-occupancy, primarily attracting established families seeking a family home environment. Demand is driven by trades-oriented households, creating a stable, owner-occupied market. Recent conditions show price adjustments and extended selling periods for premium properties, indicating a cooling phase. Future appeal rests on its semi-rural character, though the market demonstrates sensitivity to broader economic cycles, with recent performance reflecting this volatility.