9/27A Reid Street, Kiama NSW 2533
9/27A Reid Street, Kiama NSW 2533
Rear-positioned three-bedroom townhouse | leafy bushland outlook | walkable to Kiama’s core | privacy and low-maintenance living | last traded 2018
This townhouse holds a genuine edge in Kiama’s market because it delivers the coastal lifestyle without the upkeep of a detached house. The rear position within the complex means less street noise and a more secluded, tranquil setting—something buyers in this area often pay a premium for. The bushland outlook adds a sense of space that many townhouses lack, making it feel more like a retreat than a compact dwelling. It suits downsizers, professionals, or part-time coastal residents who want immediate access to beaches, cafés, and the town centre, while prioritising convenience and ease over land size. For those seeking a lock-and-leave base near the water, this is a practical and appealing option.
Value may be shaped by the internal condition and finish level, which are not fully visible from available information. The multi-level layout, if present, could appeal to some buyers but might be a consideration for those seeking single-level living. Parking arrangements and the exact land allocation within the complex may also influence perceived worth. The 2018 sale date provides a reference point, but the current market context and any upgrades since then would matter more. Buyers should weigh the trade-off between the townhouse’s privacy and outlook against the typically larger, land-heavy houses dominating local sales.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/27A Reid Street, Kiama NSW 2533
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Kiama’s premium housing market is anchored by a median house price of $1.5M, while units sit at $1.075M. Demand is concentrated in units, where prices rose 16.5-16.7% annually and gross yields reach 3.5%, against houses at 2.69-3.0% and flat-to-negative price growth (-3.2% to 0%). House rents rose 6% to $800 weekly, supporting the 73-day selling period. Sales volumes increased 19.9% for houses and 10.6% for units in 2024, indicating turnover. The investor tilt toward units is underpinned by their higher yield and stronger capital growth, while house affordability constrains price upside. Future gains hinge on rental momentum and unit demand; the key risk is the bifurcated market, where house values remain exposed to rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 22 Reid Street, Kiama (3-bed house, $1.339M) and 70 Bong Bong Street, Kiama (4-bed house, sold near $1.3M) | Property Price Band: $1.0M–$1.1M | Value Drivers: rear position privacy, bushland outlook, low-maintenance format
Bedrooms
3
Bathroom
1
Parking
1
Land
3382m²
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