1/4 Cooleen Street, Blakehurst NSW 2221
1/4 Cooleen Street, Blakehurst NSW 2221
4-bed unit on 1.55 acres | Family-oriented street of large homes | Strong school catchment | Unusual strata-style layout | Modest yield potential
This unit holds a rare competitive edge: a 197 m² internal footprint set within a 1.55-acre parcel, which is exceptional for attached housing in a suburb dominated by freestanding homes on generous lots. The configuration suits buyers wanting the space of a house—four bedrooms, study, two living zones, courtyard, and outdoor entertaining—without the maintenance of a full block. Its position in the Connells Point Public School and Blakehurst High School catchments, combined with a fully fenced layout and dual garage, makes it a practical choice for families seeking privacy and amenity in a quiet, low-density pocket. The finishes are solid rather than premium, but the sheer land component and layout flexibility give it a distinct advantage over typical unit stock.
The land size may materially affect value, as it suggests shared ownership or strata complexity that could limit future subdivision or external alterations. Buyers should weigh how the 1.55-acre figure translates into usable space—whether it includes common areas, shared driveways, or exclusive garden—since that will influence both lifestyle and resale appeal. The estimated weekly rent of around $1,000 against a projected value near $1.4 million points to a modest yield, which may deter pure investors but not owner-occupiers seeking long-term family living. Condition and presentation will also play a role, as floorboards and split-system air conditioning add comfort, while the absence of overlays reduces regulatory risk.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/4 Cooleen Street, Blakehurst NSW 2221
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Blakehurst, in Sydney’s south, is a mature, leafy suburb with waterfront stock and an established residential character. Demand is driven by families: 58% of households are couples with children, and professionals and managers dominate. The median house price is $2.51 million, with 11.06% annual growth, though alternative figures range up to $2.53 million. Houses sell in about 38 days, with a low gross yield of 2.33%, reflecting owner-occupier demand. Units sit at $967,500, with negative growth of -3.25%. With 44% owning outright and a 34% share aged over 55, turnover is limited. Future growth rests on lifestyle amenity and school proximity, but high entry prices and rate sensitivity cap upside; the market sits near long-term trend.
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PropCred Estimated Value
Comparable Sales: 33 Cooleen Street sold June 2024 at undisclosed price; 5 Cooleen Street sold July 2021 for $2.1M | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, layout flexibility, school catchment, condition
Bedrooms
4
Bathroom
2
Parking
2
Land
1.55 acres
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