3 Elizabeth Street, Port Macquarie NSW 2444

3 Elizabeth Street, Port Macquarie NSW 2444
Single-level house | East Port coastal pocket | 2012 sale at $585K | Mixed streetscape | Lifestyle-driven demand This property sits within a coastal pocket where the street itself tells the story of a suburb in transition. Original cottages and mid-era houses share the block with newer premium rebuilds, which means the house offers genuine lifestyle appeal at a more accessible price point than the luxury product appearing nearby. The 2012 sale price suggests it aligns with the traditional housing stock rather than the high-end segment, making it most suitable for owner-occupiers seeking proximity to Flynns Beach and the CBD, or investors drawn to the area’s established rental demand and redevelopment potential on larger lots. Value may be shaped by how the house compares to the newer stock on the street, particularly in terms of finish quality, energy efficiency, and layout. The presence of a bushfire overlay on nearby properties suggests environmental considerations might apply, and the wide dispersion in recent sale prices indicates condition and land size will heavily influence what buyers are willing to pay. Those weighing a purchase should consider whether the property offers renovation upside or development potential, as the street’s mix of older and newer homes creates clear differentiation in price outcomes.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Elizabeth Street, Port Macquarie NSW 2444
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Port Macquarie presents a two-speed market: houses are firmly in growth mode, with median prices between $869,466 and $921,500 and annual appreciation of 4.65–7.1%, while units have stalled at $600,000–$618,000 with 0–3% growth. Houses trade quickly—31–34 days on market—and weekly rents for houses reach $650–$660, against $495–$520 for units. Gross rental yields favour units at 4.37–4.4% versus 3.8–3.96% for houses, indicating stronger rental demand in that segment. Annual house sales volumes vary from 207 to 743, but consistent activity confirms durable demand. Sustained housing demand is the key forward driver.
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PropCred Estimated Value

Comparable Sales: 18 Elizabeth Street sold for $1,000,000 in Aug 2022; 12 Elizabeth Street estimated at $786,000 | Property Price Band: $600K–$700K | Value Drivers: land size, renovation potential, proximity to beach and CBD

Bedrooms

5

Bathroom

3

Parking

2

Land

448m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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