118 Myles Avenue, Warners Bay NSW 2282
118 Myles Avenue, Warners Bay NSW 2282
Established clinker-brick house | quiet cul-de-sac | bushland reserve outlook | lofty ceilings, large windows | private leafy setting
An established clinker-brick house is set on a quiet cul-de-sac opposite bushland reserve. Contemporary interiors with lofty ceilings and large windows are used to draw the leafy outlook into the living spaces. The property is positioned as a genuine house, not a low-maintenance compromise, and that separation is most sought after by downsizers and small families. The bushland setting is regarded as the strongest feature, providing a natural buffer and a sense of retreat to every main room.
Value may be shaped by the bushland setting, which in this part of Warners Bay can bring fire-overlay considerations, and by the absence of direct water views. The 2020 sale is used as a clear price anchor. Buyers should weigh the cost of any necessary updates against the strong location, and a well-kept clinker-brick exterior can be expected to carry ongoing maintenance commitments. These factors might cause bidding to be moderated if interiors are not recently updated.
Detailed Independent Property Report prepared by PropCred Analyst team for 118 Myles Avenue, Warners Bay NSW 2282
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Warners Bay sits on Lake Macquarie’s shoreline, with a mature professional demographic—median age 47 and the 50–59 cohort dominant—earning $78,000–$130,000, driving buyer demand for its lifestyle positioning. House prices have reached a $1,100,000 median on 101 sales in 12 months, with annual growth of 17.6–20.6%. Units sit at $830,000 with a 4.3% gross yield and median rents of $720 for houses, $680 for units. Stock turns quickly: 3-bedroom houses average 28 days on market, 4-bedroom 37 days. Long-term appreciation is evident—55.6% over a decade—and the suburb has recorded 7,986 sales across 36 years, indicating consistent depth. Future growth is anchored by scarce lakeside supply and established infrastructure, though affordability is stretched: prices are near long-term fair value, leaving limited margin for error if rate sensitivity emerges.
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PropCred Estimated Value
Comparable Sales: 3/60 Myles Avenue sold around $825k in 2024 | Property Price Band: $1.1M–$1.2M | Value Drivers: reserve outlook, cul-de-sac privacy, clinker-brick character
Bedrooms
4
Bathroom
2
Parking
3
Land
693m²
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