1 Parkside Drive, Charmhaven NSW 2263
1 Parkside Drive, Charmhaven NSW 2263
land-heavy 2-bed | ~700m² block | 15% built coverage | flexible value-add profile | Gorokan catchment
The property’s core strength is found in its land-heavy configuration: a modest 103m² footprint on roughly 700m² of residential land, with building coverage of only 15%. That combination is rarely seen in new estates and gives the house genuine flexibility for extension or a granny flat, subject to approvals. Positioned in a street of mixed single-level homes and secondary dwellings, the house is best suited to a first-home buyer wanting a foothold with renovation room, or an investor drawn to the block’s rental and redevelopment versatility. No bushfire, flood, or heritage overlays were detected, and the Gorokan catchment provides a practical family-oriented location.
The modest 2-bed layout and presented condition are the main considerations, as family appeal may be limited. The land may be regarded as the stronger value driver: 15% coverage and a ~700m² block could support a secondary dwelling, and buyers weighing that potential may be drawn toward the upper guidance. Rental appeal may attract investors, though yields are likely mid-threes.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Parkside Drive, Charmhaven NSW 2263
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Charmhaven on the NSW Central Coast remains a tightly held market, with only six listings and a 0.71% vacancy rate underpinning conditions. Median house prices hit $836,823, reflecting 60.5% growth over five years and a recent 10.3% annual compound pace; units rose 57% over the same period. Demand is driven by owner-occupiers, 54% holding mortgages, and investors chasing $600 weekly house rents for a 4.16% gross yield. Houses sell in about 22 days, though 70 annual sales signal a thin, illiquid market. Future growth hinges on continued coastal migration and tight supply, but affordability is stretched and highly mortgaged owners leave the suburb sensitive to rate rises.
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PropCred Estimated Value
Comparable Sales: 4-bed Parkside Drive home at $795k; 3-bed Parkside Drive home at $900k | Property Price Band: $700K–$800K | Value Drivers: land size, redevelopment potential, presentation
Bedrooms
2
Bathroom
1
Parking
-
Land
697m²
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