10 Vernon Cres, Urunga NSW 2455
10 Vernon Cres, Urunga NSW 2455
Detached house | Tight coastal rental market | Family-oriented street | School catchment access | Lifestyle location
This property sits within a suburb where detached housing dominates and rental demand remains strong, with vacancy reported below one percent. The house suits a buyer seeking a conventional family home in a coastal town, with access to local primary and secondary schooling through the Bellingen pathway. Its position on a cres suggests a quieter street environment, which typically appeals to owner-occupiers rather than investors, supporting stable long-term occupancy. The surrounding area offers a mix of standard homes and premium waterfront pockets, so this property likely represents the more attainable end of the local market while still benefiting from the suburb’s lifestyle appeal.
The value of this house may be shaped by its land size, build condition, and whether it holds any distant water or rural outlook. Properties without premium views or waterfront access tend to trade closer to the lower-mid range of the suburb’s price spectrum, while those with modern updates or larger blocks may command a modest premium. The tight rental market could support investor interest, but the primary buyer profile appears to be a family or downsizer prioritising space and convenience over prestige. Future price movement may depend on any local infrastructure or zoning changes, though none are evident from available information.
|| Comparable Sales: 10 High Street sold for $620,000 in May 2025 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, condition, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Vernon Cres, Urunga NSW 2455
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Urunga’s house market is mixed. Medians sit near $880,000, with reports ranging from $820,000 to $889,000; annual growth swings from -1.3% to +12.82% on thin turnover of 49-65 sales. Units hold firmer ground at $590,000, up 24.2% yearly, though just six sales this year limit confidence. Demand comes from families and professionals for houses, and first-home buyers or downsizers for units, aided by a 0.67% vacancy rate and $575-$595 weekly house rents. Giinagay Way and local roads support access. Risks: stock jumped 39.13% year-on-year, house prices span $123k-$1.78m, and days on market averaged 145, underscoring buyer caution despite coastal location.
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PropCred Estimated Value
Comparable Sales: 10 High Street sold for $620,000 in May 2025 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, condition, street position
Bedrooms
5
Bathroom
2
Parking
2
Land
561m²
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