5 Bellevue Avenue, Warilla NSW 2528
5 Bellevue Avenue, Warilla NSW 2528
Established coastal house block | Likely 3-bed family layout | Mid-sized parcel in quiet street | Strong rental demand | Older build with update potential.
This property sits in a well-settled coastal pocket where detached houses on moderate blocks are the standard offering. Its competitive strength lies in the combination of a conventional family floor plan and a land size that suits either immediate occupation or a staged renovation. The street pattern and surrounding stock suggest a low-density, family-oriented environment, which tends to attract buyers looking for permanence rather than turnover. It serves best a buyer who values location over polish—someone prepared to invest sweat equity to build equity. The proximity to beach and lake adds lifestyle weight that supports resale interest across a broad buyer pool.
The property’s value may hinge on the condition of the existing structure and the extent of updating required. A dated interior might cap initial offers, while a sound shell with modernised essentials could push interest higher. The land parcel’s shape and orientation could also influence how easily a renovation or extension might proceed. Buyers should weigh the cost of bringing the house to their standard against the likelihood of future demand in this established suburb. The absence of strata complexity keeps holding costs straightforward.
|| Comparable Sales: Nearby 9 Bellevue sold at $883,000; 35 William estimated near $931,000 | Property Price Band: $850K–$950K | Value Drivers: Land size, renovation scope, street appeal, coastal proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Bellevue Avenue, Warilla NSW 2528
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Warilla, a coastal Illawarra suburb with a stable population of 6,435, offers a balanced mix of detached houses and apartments, including 33 apartment buildings. Demand is driven by its beachside position and established amenities, drawing first-home buyers, families, and investors. Houses have a median of $870,000 with 6.1% annual growth; units range from $684,500 to $740,000, with growth between 5.3% and 13.2%. Houses sell in 22 days. Gross yields are 4.06% for houses and 4.25% for units, with weekly rents of $620 and $580 respectively. The market sits at fair value near its long-term trend, and with 22 dwellings for sale monthly against 951 searches, supply and demand are broadly balanced. Risks centre on affordability constraints and sensitivity to broader interest-rate shifts.
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PropCred Estimated Value
Comparable Sales: Nearby 9 Bellevue sold at $883,000; 35 William estimated near $931,000 | Property Price Band: $850K–$950K | Value Drivers: Land size, renovation scope, street appeal, coastal proximity
Bedrooms
3
Bathroom
1
Parking
1
Land
515m²
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