74 Wakehurst Parkway, North Narrabeen NSW 2101
74 Wakehurst Parkway, North Narrabeen NSW 2101
Lake-opposite position | 546m² block with pool | Family-sized 4/2/2 layout | Flood overlay noted | Strong lifestyle demand
The competitive edge here is the combination of a lake-facing location and a functional family footprint. At 546m² with a 189m² building, the house offers genuine room for a household without excessive upkeep. The pool adds recreational value that aligns with the area’s outdoor character. This property serves buyers seeking a permanent family home in a sought-after school catchment, where the lifestyle setting—directly opposite Narrabeen Lake with trails and water access nearby—creates scarcity that inland stock cannot replicate. The 4-bedroom, 2-bathroom configuration suits owner-occupiers prioritising space and convenience over renovation projects.
The flood overlay may affect insurance costs and future building works, which should be weighed against the location premium. The north-facing rear aspect, if confirmed, would enhance outdoor living and natural light, potentially supporting a higher price point. The 1991 sale history suggests the house may retain original finishes, meaning condition and renovation potential could significantly shape its market position. Buyers should verify the actual view quality, internal presentation, and any recent upgrades, as these factors might influence value more than the land size alone.
|| Comparable Sales: 70 Wakehurst Parkway sold for $2.025M in early 2022 on a 544m² block | Property Price Band: $2.0M–$2.1M | Value Drivers: Lake-opposite position, pool and outdoor amenity, condition and renovation level
Detailed Independent Property Report prepared by PropCred Analyst team for 74 Wakehurst Parkway, North Narrabeen NSW 2101
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
This premium suburb maintains a top-tier price position with a median house price of $2.1 million, but the market has lost momentum: annual house values declined 4.15% over the past year, and gross rental yields are a thin 3.03%. Demand is led by high-net-worth owner-occupiers, given the high entry point and weekly house rents of $1,125, while the low turnover of just 69 sales signals a tightly held market. Houses sit for a median 42 days, indicating balanced conditions rather than forced selling. The key constraint is affordability and rate sensitivity; the high price and low yield limit buyer depth and magnify the impact of any further tightening. Future growth hinges on renewed buyer confidence, but limited stock should underpin price stability.
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PropCred Estimated Value
Comparable Sales: 70 Wakehurst Parkway sold for $2.025M in early 2022 on a 544m² block | Property Price Band: $2.0M–$2.1M | Value Drivers: Lake-opposite position, pool and outdoor amenity, condition and renovation level
Bedrooms
5
Bathroom
2
Parking
2
Land
546m²
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