38 Coreen Avenue, Penrith NSW 2750
38 Coreen Avenue, Penrith NSW 2750
Established detached house | inner-Penrith pocket | near rail and hospital | possible flood overlay | stable family street
This property is understood to be a detached house in an established inner-Penrith residential pocket, where the surrounding stock dates mainly from the 1970s and 1980s and sits on generous, individually sized parcels. The configuration likely suits a household wanting single-level or split-level living, a private yard, and direct access to Penrith’s rail, hospital, university, and retail core. It is best suited to owner-occupier families or long-term investors seeking an ordinary but durable suburban house with room to update over time. The street shows low turnover and a mix of three-bedroom homes with garages, so this property is likely to appeal to buyers who value stability and proximity over modern presentation.
Value may be shaped by the property’s relationship to local flood management controls, as nearby parcels are affected by a flood overlay. The house’s age and the degree of any prior renovation will likely determine how much of the price is assigned to land rather than dwelling condition. A north-facing layout, if present, or drive-through access might add practical appeal, while the mixed industrial edge nearby could temper price growth for buyers seeking a purely residential street. These factors should be weighed against steady demand for established houses close to Penrith’s services.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Coreen Avenue, Penrith NSW 2750
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Penrith, a key Western Sydney residential and commercial hub draws families, first-home buyers, and investors. Families target houses at a $1.1M median, while first-home buyers and downsizers favour units near $590K, supported by a 41.4% strata share. House prices rose 13.9-15.6% annually to $1.075-1.1M; units grew 4.3-5.7% to $595-600K. Houses sell in 22 days indicating tight supply. Rents for houses reach $620 weekly, units $580, with unit yields up to 4.9%. Future infrastructure and connectivity investments underpin growth, while a 10-year CAGR of 2.2% suggests stable long-term appreciation.
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PropCred Estimated Value
Comparable Sales: 48 Coreen Avenue sold for $965,000; a 4-bedroom Coreen Avenue house sold for $1.08M | Property Price Band: $900K–$1M | Value Drivers: land size, condition and updates, flood overlay exposure
Bedrooms
3
Bathroom
1
Parking
5
Land
650m²
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