1 Marama Parade, Mount Austin NSW 2650
1 Marama Parade, Mount Austin NSW 2650
3 bed on 505m² | older detached house | entry-level price point | renovator or first-home appeal | parking-rich layout
This property presents as a classic entry-level detached house in a suburb where older three-bedroom homes on mid-sized blocks dominate the local market. Its configuration of three bedrooms, one bathroom, and two car spaces on 505 square metres offers slightly more parking flexibility than comparable nearby houses, which typically provide a single car space. The estimated value of $474,000 positions it competitively within Mount Austin’s affordable housing segment, where demand comes primarily from first-home buyers, investors seeking rental yield, and renovators looking for value-add potential. Given the surrounding stock’s age and condition, this house likely suits a buyer comfortable with updating or improving finishes over time rather than expecting move-in-ready presentation.
The property’s value may be influenced by its condition, which is not directly confirmed but is likely dated given the suburb’s older housing stock and the renovation-focused character of nearby sales. Land size at 505 square metres is modest yet functional for a suburban block, and the two-car parking arrangement could appeal to households with multiple vehicles or those seeking storage flexibility. Buyers should weigh potential renovation costs against the entry-level price point, as updating kitchens, bathrooms, or flooring may be necessary to maximise long-term value. The absence of confirmed modern amenities, such as updated heating or cooling, might also factor into budget planning, though standard telecommunications availability supports everyday living needs.
|| Comparable Sales: 11 Marama Parade sold at $485,888; 21 Marama Parade sold at $590,000 | Property Price Band: $450,000–$550,000 | Value Drivers: land size, parking configuration, condition and renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Marama Parade, Mount Austin NSW 2650
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Mount Austin presents as an affordable, family-oriented suburb within Wagga Wagga, characterised by steady demand from both owner-occupiers and investors. This demand is underpinned by solid capital growth and attractive rental yields, creating a balanced market with consistent turnover. Recent conditions show healthy price appreciation and a stable sales environment, though affordability pressures and fluctuating supply levels present potential constraints on future momentum.
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PropCred Estimated Value
Comparable Sales: 11 Marama Parade sold at $485,888; 21 Marama Parade sold at $590,000 | Property Price Band: $450,000–$550,000 | Value Drivers: land size, parking configuration, condition and renovation potential
Bedrooms
3
Bathroom
1
Parking
2
Land
505m²
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