51 Colebee Cres, Hassall Grove NSW 2761
51 Colebee Cres, Hassall Grove NSW 2761
4 bed | 1 bath | 8 car spaces | 623 m² lot | Bushfire overlay noted
This is a genuinely uncommon house in Hassall Grove because of its combination of land size and parking capacity. Most detached homes in this suburb sit on smaller blocks with standard driveways; this one offers eight car spaces split between carport and garage, which makes it practical for households with multiple vehicles, a trade business, or extended family living arrangements. The 623 m² lot is at the larger end of what is typically available locally, and the estimated 274 m² built form gives you generous internal volume without feeling oversized for the block. The house itself is described as updated with a modern kitchen and bathroom, and while that is marketing language, it does suggest the property has been maintained rather than left as a renovation project. This house is best suited to a buyer who values space, parking flexibility, and a quiet established street over brand-new finishes or a pristine modern aesthetic. The suburb’s family-oriented profile—with a young population and good school access—means demand here tends to come from growing households who need room to move, and this property delivers that more than most.
The bushfire overlay is a real constraint that may affect insurance costs and could limit certain future extensions or landscaping choices, so it is worth investigating before committing. The property’s age is not directly documented, but comparable stock in the street dates from around 1990, which suggests a similar build era; that means you should factor in potential maintenance on roofing, wiring, or plumbing that older homes often carry. The indicative rent of $685 per week against a price point around $1.2 million implies a modest gross yield, so if you are buying for rental income, this is not a high-yield play—it is more about capital growth and land value. The long ownership history, with a last sale in 1997, hints that the current owner has held through multiple market cycles, which may mean the property is priced to reflect its unique configuration rather than recent renovation costs. Weigh the parking and land advantages against the overlay and age-related upkeep when forming your view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Colebee Cres, Hassall Grove NSW 2761
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
This suburb is a high-demand family enclave, evidenced by rapid sales and a low vacancy rate. Demand is driven by young, mortgaged families seeking established homes, supported by strong household incomes. Recent price growth has been robust, with houses selling quickly in a competitive market. Future growth is underpinned by sustained family demand, though high mortgage penetration suggests sensitivity to interest rate changes.
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PropCred Estimated Value
Comparable Sales: 36 Colebee Cres sold $866,000 in 2020/21; 133 Colebee Cres 3-bed on 449 m² | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, eight-car parking capacity, updated interior condition
Bedrooms
4
Bathroom
1
Parking
8
Land
623m²
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