2/494-496 President Avenue, Kirrawee NSW 2232
2/494-496 President Avenue, Kirrawee NSW 2232
Ground floor | north aspect | 101 sqm | large terrace | security complex
This unit’s competitive edge is its size and layout. At 101 sqm, it is noticeably larger than typical two-bedroom apartments in Kirrawee, and the ground-floor position with a north-facing terrace delivers indoor-outdoor flow that upper-level units cannot match. The configuration suits first-home buyers wanting space without a house price, downsizers seeking single-level convenience, and investors targeting reliable rental demand near the station. The modern security building, secure parking, and internal laundry round out a practical, low-maintenance package. Its finish is functional rather than premium, so the appeal rests on space and position, not polish.
The value picture may be shaped by the trade-off between convenience and exposure. President Avenue is a busy corridor, so street noise and traffic presence could temper appeal for some buyers, though the ground-floor terrace and leafy outlook offset this. The reported age of the building suggests modern construction, which may mean lower immediate maintenance costs, but the unit’s “scope to renovate” language hints that a future owner might invest in updating the kitchen or bathroom to lift comfort and resale potential. Rental evidence points to steady income, but the yield is modest against the price point, so capital growth expectations should be realistic. The north aspect and generous floor plan are the strongest levers supporting value, while the dated finishes and arterial frontage are the main constraints a buyer should weigh.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/494-496 President Avenue, Kirrawee NSW 2232
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Kirrawee is an established southern Sydney suburb with strong transport links to the CBD, and its population skews professional and family-oriented. Demand is led by families chasing larger homes, plus first-home buyers and downsizers drawn to the 45.3% strata share, though the $1.8m median house price filters out many. House values have risen 5.9-8% over the past year to $1.73-1.83m, while units sit around $920k-940k with 4.4% growth; houses average 21 days on market, with 126 sales over the past year. Supply is tight—only four listings last month—and the demand-supply ratio suggests few properties meet demand, supporting capital growth. Transport accessibility and varied property types underpin future demand. Key constraints are affordability, with the median house price well above the NSW state average of $1.21m, and chronically low stock, which limits turnover.
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PropCred Estimated Value
Comparable Sales: 7/494-496 President Avenue sold $680,000; 20/494-496 President Avenue sold $585,000 | Property Price Band: $600,000–$700,000 | Value Drivers: floor plan size, ground-floor terrace, north aspect, building condition
Bedrooms
2
Bathroom
1
Parking
1
Land
1.25 acres
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