15/33-41 Victoria Avenue, Penshurst NSW 2222
15/33-41 Victoria Avenue, Penshurst NSW 2222
2-bed unit in a garden complex | pool and BBQ amenity | walk-to-station position | 1970s strata with mixed fitouts
This is a solid, low-maintenance apartment for someone who wants station access without the high-rise feel. The complex’s pool and landscaped gardens are a genuine point of difference against much of the older stock in Penshurst, and the 2/1/1 layout with parking fits both first-home buyers and investors. It sits in a low-rise, established precinct where demand is steady and rental appeal is broad—commuters, downsizers, and young professionals all tend to look here. The building’s 1970s origins mean layouts are practical but not generous, so the unit that has been updated will always outperform one that hasn’t. For the right buyer, this is a dependable, liveable property in a convenient pocket, not a flashy one.
Condition and position within the complex may matter more than the suburb itself. A renovated unit with an internal outlook over the gardens could command a noticeable premium, while an original fitout might feel dated against newer nearby options. The shared pool and common areas may bring higher strata levies, and one data source flags a flood overlay for the broader site—worth confirming before committing. Aspect and floor level are unconfirmed, so a walk-through to check natural light, noise, and privacy is essential. These factors could shift value meaningfully, but none are deal-breakers on their own.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/33-41 Victoria Avenue, Penshurst NSW 2222
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Penshurst, in Georges River LGA, is an established market where houses clearly outperform units. House demand is stronger, selling in about 50 days versus 74 for units, with moderate turnover of 22 houses and 15 units in the past quarter. Median house prices sit near $2 million, with annual growth reported between 3.1% and 11.9%; unit medians are around $700,000, showing slight declines or flat conditions. Gross rental yields are thin for houses at roughly 2.4–2.5%, while units yield about 4.4–4.6%. Future growth is supported by the $1 billion Hurstville redevelopment and upgrades to Penshurst Park and the Hurstville Aquatic Leisure Centre. Key constraints are thin house yields and softening unit prices, despite stronger unit rental returns.
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PropCred Estimated Value
Comparable Sales: 7/33-41 Victoria Ave sold $590,000; 24/33-41 Victoria Ave sold $600,000 | Property Price Band: $590,000–$690,000 | Value Drivers: internal condition, outlook over gardens, floor level and aspect
Bedrooms
2
Bathroom
1
Parking
1
Land
3648m²
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