5 Tasman Parade, Fairfield West NSW 2165

5 Tasman Parade, Fairfield West NSW 2165
Renovated 3-bed house on 620m² | Level block with wide side access | Flood overlay noted | Family-oriented pocket with school proximity This property holds a clear competitive edge in Fairfield West through its combination of a fully modernised interior and a substantial, level 620m² block. The renovation removes the immediate need for capital expenditure, while the wide side access and block size offer practical flexibility for a potential secondary dwelling, subject to council approval. Positioned within established school catchments and close to local shopping, it serves family buyers seeking move-in condition with room to grow, as well as investors targeting consistent rental demand in a predominantly owner-occupied street. The 3-bed, 2-bath, 2-car configuration is more generous than much of the nearby strata stock, making it a standout for those wanting a detached house without compromising on modern finishes. The flood overlay is the primary factor that may shape buyer perception and financing options, as it could influence insurance costs and any future development plans. The underlying dwelling fabric, while renovated, may still carry age-related maintenance considerations that are not immediately visible. Buyers should weigh the benefit of a finished interior against the potential constraints of the overlay, and confirm the scope of the renovation to understand what has been updated versus what remains original. The property’s value may also be supported by its level land and side access, which are not common across all older blocks in the area. || Comparable Sales: 50 Tasman Parade (560m² land) and 56/80 Tasman Parade (2-bed unit, sold Oct 2023) | Property Price Band: $1.2M–$1.3M | Value Drivers: Renovated condition, land size with side access, flood overlay consideration
Detailed Independent Property Report prepared  by PropCred Analyst team for 5 Tasman Parade, Fairfield West NSW 2165
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Fairfield West, in Sydney’s western suburbs, is an established residential market; apartments account for just 7.2% of stock. Demand is driven by owner-occupiers seeking detached housing, reflected in a median house price of $1.23 million with 5.35% annual growth, while units sit at $575,000 with only 1.5% growth. Houses sell in a median 35 days. Gross yields are 3.23% for houses and 4.88% for units. Long-term compounding is strong—6.0% over 10 years and 6.5% over 36 years—placing current values near fair value. Premium streets like Hamersley St, Thorney Rd and Hamilton Rd anchor higher price points. Growth drivers include infrastructure investment across the wider Fairfield area; the main constraint is softer unit demand and modest house yields.
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PropCred Estimated Value

Comparable Sales: 50 Tasman Parade (560m² land) and 56/80 Tasman Parade (2-bed unit, sold Oct 2023) | Property Price Band: $1.2M–$1.3M | Value Drivers: Renovated condition, land size with side access, flood overlay consideration

Bedrooms

3

Bathroom

2

Parking

2

Land

620m²

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