21 Fraser Parade, Charlestown NSW 2290
21 Fraser Parade, Charlestown NSW 2290
Four-bedroom detached house | 603 sqm block | quiet family pocket | one-bath layout | strong land content
The house is set on a large established block in a quiet Charlestown pocket. Its four-bedroom layout is considered above the typical bedroom count for the suburb, so clear appeal is offered to families needing flexible space. The land size is the strongest competitive feature, because large blocks in this area are not commonly created by newer development. The single bathroom is consistent with an older home and is generally accepted by renovators. The property is best suited to owner-occupier families and renovator buyers, with the main draw being the combination of four bedrooms, a substantial yard, and proximity to the Charlestown retail core.
Value may be influenced most by the one-bathroom layout and older condition, weighed against land content. Orientation and street position might be a factor in buyer enthusiasm, while renovation or extension is dependent on planning requirements. Buyers are advised to assess what the four-bedroom block can become.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Fraser Parade, Charlestown NSW 2290
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Charlestown, 10km southwest of Newcastle, is a family-oriented hub anchored by a large regional shopping centre. Families, first-home buyers, downsizers and investors drive demand, drawn by amenity and housing diversity. Median house prices are near $1m (ranges from $993k to $1.023m) with annual growth of 4.2%–12.4%; units sit around $700k, growing ~8.5%. Selling times vary from 21 to 50 days, indicating firm but uneven conditions. Rental demand is strong: house rents grew 13.3% and units 12.5% annually. However, gross yields are thin (3.8%–4.55%), and price growth estimates vary widely, pointing to affordability strain and rate sensitivity as key risks. The commercial base and owner-occupier appeal support future growth, but the market is becoming more price-sensitive.
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PropCred Estimated Value
Comparable Sales: 8 Fraser Parade sold for $1,000,000 and 7 Fraser Parade sold for $924,950 | Property Price Band: $0.9M-$1.0M | Value Drivers: land size, four-bedroom layout, quiet street location
Bedrooms
4
Bathroom
1
Parking
1
Land
604m²
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