3 Opal Place, Padstow Heights NSW 2211
3 Opal Place, Padstow Heights NSW 2211
Renovated 4-bed house | 600.7m² block | 15m frontage | quiet cul-de-sac | development potential (STCA)
This house holds a clear competitive edge in Padstow Heights through its combination of size and condition. At roughly 600m² with a 15-metre frontage, it sits above much of the local detached stock, many of which are smaller or semi-attached. The interiors have been genuinely updated—modern bathroom, built-in robes, fresh finishes throughout—so a buyer steps into a liveable family home rather than a renovation project. The sunny backyard and covered entertaining area add practical everyday value, while the cul-de-sac position reinforces privacy and safety for children. This property best suits a family wanting immediate comfort with room to grow, or a buyer looking at longer-term redevelopment potential, though that remains council-approved and not guaranteed.
The key value considerations centre on the property’s age and its future flexibility. The house is pre-1989, so structural systems, insulation, and wiring may need attention despite cosmetic updates—buyers should budget for potential upgrades to heating, cooling, or roofing within the first few years. The 15-metre frontage and lot area may support subdivision or duplex development, but this is subject to council approval and local planning controls, which could add significant value or face constraints depending on current zoning. The single bathroom is a functional limitation for a four-bedroom home, particularly for larger families or future resale appeal. The quiet street and established neighbourhood support stable demand, but the property’s final price will hinge on how a buyer weighs the renovated condition against the age-related risks and the speculative potential of the land.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Opal Place, Padstow Heights NSW 2211
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Padstow Heights, in the Bankstown District, is a tightly held, family-oriented suburb: 74% of households are families, the average age is 46, and 46% of owners carry a mortgage. Buyers are predominantly owner-occupiers, with professionals, managers and technicians well represented. House prices have climbed to a $1.60–1.70m median, with annual growth of 7.4–12.6% across recent data, and quarterly momentum of 2.43%. Supply is thin: just six sales listings last month and 61 house sales in the past year, pushing median days on market to 33. The K-6 government school catchment supports steady demand, as does access to Padstow’s agencies and amenities. Gross rental yield is modest at 2.92%, with median weekly house rent of $1,078. Risks centre on affordability—household income sits 6.7% below Greater Sydney’s average—and interest-rate sensitivity given high mortgage reliance; recent premium sales above $2.4m for five-bedroom homes signal price pressure at the top end.
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PropCred Estimated Value
Comparable Sales: 14 Opal Place sold $900,000 (2018); 13a Opal Place sold $1,025,000 (2020) | Property Price Band: $1.0M–$1.1M | Value Drivers: land size and frontage, renovated interior condition, redevelopment potential subject to approval
Bedrooms
4
Bathroom
1
Parking
2
Land
601m²
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