29 Cobby Street, Shortland NSW 2307
29 Cobby Street, Shortland NSW 2307
Detached 3/1/2 on 503m² | renovation canvas | solar + FTTP | double garage | Shortland Public catchment
A traditional 503m² suburban lot is occupied by this detached house, with a solid 169m² built form and a 3/1/2 layout that is becoming less common in new infill. The cypress pine floors, oversize double garage, and rural outlook are practical features that sit well above bare-minimum older stock, while the assessed 34% site coverage leaves room for future adjustment. Solar panels and FTTP are included as practical modern additions. This property is best suited to first-home buyers and value-add owner-occupiers who can manage a cosmetic renovation and create equity through finishes, landscaping, and modest internal updates.
The value may be shaped by the kitchen being removed and the overall cosmetic-renovation condition, so the final price might depend on how a buyer prices the required work. The 503m² land size and 34% coverage offer flexibility, but the existing building footprint and 14m elevation are fixed inputs that may limit major expansion without design input. The cost of reinstating the kitchen should be weighed against the benefit of securing a detached house with a double garage in a school catchment.
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Cobby Street, Shortland NSW 2307
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Shortland, 12 kilometres from Newcastle’s CBD and adjacent to the University of Newcastle, is drawing owner-occupiers seeking proximity to the university and wetlands, plus investors attracted by a low entry point. The median house price sits between $767,500 and $793,000, with annual growth of 9.6–12.1% and a 25.3% gain over five years; units deliver a 5.29% gross yield. Houses sell in a median 16 days, on 68 sales a year, with just 0.66% of stock listed. Future demand hinges on the university anchor and tight supply, though the thin sales turnover and limited rental availability remain constraints.
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PropCred Estimated Value
Comparable Sales: 57 Cobby Street sold $790,000 for 4/1 on 610m²; 29 Cobby Street prior sale $706,000 | Property Price Band: $650K–$750K | Value Drivers: renovation condition, land size, double garage
Bedrooms
3
Bathroom
1
Parking
2
Land
493m²
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