49 Vena Avenue, Gorokan NSW 2263
49 Vena Avenue, Gorokan NSW 2263
Compact renovated cottage with lake views | 540m² block with granny flat potential | Serves first-home buyers and investors well | Small footprint limits family appeal
The property’s competitive edge lies in its presentation and position. A fully renovated two-bedroom house on a medium-sized block, it offers modern finishes, a separate study, and a timber deck with lake outlook—features that are uncommon at this price point in Gorokan. The elevated setting opposite parkland adds a sense of space and privacy, while the detached garage and second toilet improve everyday practicality. With granny flat potential subject to council approval, the house holds particular appeal for first-home buyers seeking a turnkey purchase and investors chasing rental flexibility. It sits toward the lower end of local family housing stock, but its condition and outlook make it a standout among smaller homes.
Value may be shaped by the compact two-bedroom layout, which could limit demand from growing families despite the renovation quality. The absence of a confirmed build year and floor plan introduces some uncertainty, though the recent comparable sales on the same street suggest strong buyer interest in well-presented homes. The estimated rental return of $530 per week, against the current guide, points to a modest yield that investors should weigh carefully. Buyers might also consider the potential of the block for future development, though no zoning changes or overlays are evident, keeping the property’s value tied largely to its current form and location.
|| Comparable Sales: 53 Vena Avenue sold $750,000; 46 Vena Avenue sold $928,000 | Property Price Band: $700K–$800K | Value Drivers: Renovated condition, lake views, granny flat potential
Detailed Independent Property Report prepared by PropCred Analyst team for 49 Vena Avenue, Gorokan NSW 2263
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Gorokan is positioned as an affordable coastal lifestyle suburb, attracting families, retirees, and first home buyers with its proximity to beaches and lakes. This diverse demographic demand, coupled with a chronic undersupply of rental housing, supports a robust market. Recent house price growth has been strong, with properties transacting efficiently, while the unit market offers a more moderate entry point with stable yields. Future appeal is anchored in its relative affordability and amenity, though growth of short-term rentals presents a key constraint on long-term rental stock.
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PropCred Estimated Value
Comparable Sales: 53 Vena Avenue sold $750,000; 46 Vena Avenue sold $928,000 | Property Price Band: $700K–$800K | Value Drivers: Renovated condition, lake views, granny flat potential
Bedrooms
2
Bathroom
1
Parking
1
Land
540m²
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