1 Mulgen Cres, Bomaderry NSW 2541
1 Mulgen Cres, Bomaderry NSW 2541
Detached house on large block | three-bedroom configuration | family-oriented pocket | established school catchment | realistic market entry
Dressed as a classic detached family house, this property sits on a land holding larger than the typical suburban allotment in Bomaderry. A three-bedroom configuration and a generous yard provide a straightforward, functional layout with enduring appeal in this part of the Shoalhaven. School catchments are well established, and the shopping village, station and medical services are all close by, strengthening its position for owner-occupiers. First-home buyers, young families and downsizers are best served by this house, particularly those who see potential to improve and add value over time. Its competitiveness in the local market will be determined largely by condition and presentation, but the underlying configuration is well matched to what the area has absorbed.
Value may be shaped by the size and usability of the land, as larger blocks in this area tend to command a premium. The condition of the home, especially the kitchen, bathroom and roofing, might influence how it is priced against newer stock. Marketability could be tempered by a slower sales pace locally, although this may be balanced by a realistic price. Buyers should weigh future improvement potential against current presentation when forming a view.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Mulgen Cres, Bomaderry NSW 2541
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Bomaderry, positioned near Nowra in NSW, is a stable, largely owner-occupied market where 63% of homes are held by residents and the dominant cohort is 60–69. Demand is driven by childless professional couples with moderate mortgages, reflected in 133 annual house sales and 1,304 monthly searches. House prices sit around $725,000–$737,500, with a sharp 11.5% lift over the past year but longer-run annual growth of only 1.4–2.1%; units average $500,000 with 4.7% growth. Houses trade in about 36 days, and gross yields are solid at 4.3% for houses and 4.7% for units. Growth support comes from five-year value gains of 43.6% for houses and 51.9% for units. Key constraints are modest household incomes, limited rental supply, and thin turnover.
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PropCred Estimated Value
Comparable Sales: 51 Mulgen Crescent sold at $715k | Property Price Band: $700k–$800k | Value Drivers: land size, condition and layout
Bedrooms
3
Bathroom
2
Parking
-
Land
685m²
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