19 Penrose Street, Blackbutt NSW 2529

19 Penrose Street, Blackbutt NSW 2529
3 bed 1 bath 2 garage | peaceful street | light-filled living | generous block | $700/wk rent potential This three-bedroom house is set on a generous block in a quiet part of Blackbutt. Its configuration and condition are considered a straightforward choice for families seeking a well-maintained home with room to grow. The light-filled living and dining areas are seen as a clear strength, and the functional kitchen is noted for its practical storage. The spacious backyard is regarded as genuine outdoor space, increasingly uncommon in this suburb. The stated rental return of $700 per week is also viewed as a sensible option for investors looking for solid yields. For owner-occupiers, move-in comfort is delivered without the premium attached to some of the higher-end stock in the suburb. The final value may be influenced by the property’s presentation and the perceived condition of its kitchen and bathroom. Land size is another factor, as a generous block in this area tends to hold value. Price expectations could be supported by the quiet street and access to transport and shopping. Investor demand might be adjusted by any gap between the advertised rental figure and achievable market rent.
Detailed Independent Property Report prepared  by PropCred Analyst team for 19 Penrose Street, Blackbutt NSW 2529
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

Blackbutt is a tightly held, owner-occupied suburb (69.2 per cent) where the dominant 50-59 age cohort and professional couples with children drive demand for stable family housing. Limited stock, just 2-3 listings, reinforces pricing power. The median house price is $1.158 million, up 46.23 per cent in five years, though 12-month growth has softened to 6.8 per cent. Units have risen 50.13 per cent over the same period to $726,659. Houses let for $760 weekly, producing a 4.2 per cent gross yield, and the 29-day average selling time indicates decisive buyer demand. With 51.5 per cent parkland cover and annual sales of 37-45 houses, supply remains thin. Future growth rests on established amenity and constrained inventory. Key risks are affordability and rate sensitivity, with typical mortgage repayments of $1,800-$2,399 per month requiring steady employment.
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PropCred Estimated Value

Comparable Sales: 4 Penrose St, Blackbutt (3/2/2) last sold $390k (10yrs ago) | Listed Price Band: $800K–$900K | Value Indicator: condition, land size, kitchen presentation

Bedrooms

3

Bathroom

1

Parking

2

Land

608m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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