8/3 Swan Street, Woolooware NSW 2230
8/3 Swan Street, Woolooware NSW 2230
Unit format on Swan Street | 2-bed strata likely | Woolooware dual-market suburb | Near Cronulla lifestyle | No direct listing confirmed
This property sits within a suburb that offers two distinct housing experiences: established detached homes on substantial blocks and newer apartment stock in the Woolooware Bay precinct. Given the unit-style address format, this likely belongs to the strata segment, which serves buyers seeking coastal proximity, school access, and lower maintenance living. The strongest appeal is location—close to beaches, transport, and local amenity—making it a practical choice for owner-occupiers wanting a lifestyle foothold or investors targeting steady rental demand in a well-connected area. The suburb’s active turnover across both segments suggests healthy market interest.
Value may be shaped by the property’s internal condition, floor level, and aspect, which are not confirmed. The nearby sale of a similar 2-bed unit at 6/3 Swan Street for $1,700,000 indicates strong price support for well-presented stock. However, strata properties can face constraints from building age, parking, or shared amenities, which may moderate appeal compared to detached houses. Buyers should weigh the balance between lifestyle convenience and potential limitations of unit living, particularly if seeking long-term capital growth in a market where land-rich properties often command premiums.
|| Comparable Sales: 6/3 Swan Street 2-bed sold $1.7M; 87 Woolooware Road sold $3.04M | Property Price Band: $1.6M–$1.7M | Value Drivers: unit condition, floor level, proximity to amenity and transport
Detailed Independent Property Report prepared by PropCred Analyst team for 8/3 Swan Street, Woolooware NSW 2230
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Woolooware, a coastal Sutherland Shire suburb, is positioned as a high-value market with a median house price of $2.5 million and units at $888,750. Demand is bifurcated: apartments draw first-home buyers and downsizers, given 59.5% strata density, while families and established professionals anchor the house segment. Prices have diverged over 12 months—houses range from -3.8% to +1.4% depending on source, while units fell 6.84%. Houses average 30 days on market, selling 6% above asking, yet vendor discounts sit at -6% versus the NSW average of -5%. Rental yields remain constrained at 2.65% for houses and 3.77% for units, with median house rents between $1,035 and $1,350. Annual sales volume is thin at 66 houses, reinforcing a low-turnover, tightly held market. The suburb trades below its long-term trend, indicating undervaluation, but affordability hurdles, rate sensitivity, and discount pressure temper upside. Proximity to coast and amenities underpins its desirability.
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PropCred Estimated Value
Comparable Sales: 6/3 Swan Street 2-bed sold $1.7M; 87 Woolooware Road sold $3.04M | Property Price Band: $1.6M–$1.7M | Value Drivers: unit condition, floor level, proximity to amenity and transport
Bedrooms
2
Bathroom
1
Parking
-
Land
795m²
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