20 Wallarah Street, Wyee NSW 2259
20 Wallarah Street, Wyee NSW 2259
5-bed on 1,012m² | shed with hoist | rear lane access | bushfire overlay | granny flat potential
This house is presented as a genuinely large family and workshop property. It is considered unusual due to its five bedrooms, four parking spaces, and 362m² footprint on a fenced level block. The high-clearance shed with hoist, wide side access, and rear lane access are seen as particularly valuable for tradies, car hobbyists, or home businesses. Walking distance to Wyee Station and quick M1 access are also offered. It is best suited to buyers needing combined living and working space, with a rural-charm feel. Granny flat potential is noted subject to council approval.
The bushfire overlay is considered a notable constraint that may affect insurance and development approvals, though a level cleared block is seen as mitigating. A single bathroom might be viewed as a limitation for a five-bedroom house. Value may be influenced by shed condition, solar installation, and realistic granny flat potential. Station access and the absence of flood or heritage overlays are weighed against bushfire risk when pricing.
>> Comparable Sales: a 4-bed house on 1,050m² sold for $970,000; a 5-bed with shed on 1,000m² sold for $1.01M | Property Price Band: $0.9M-$1.0M | Value Drivers: shed with hoist, land size, dual-access, granny flat potential
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Wallarah Street, Wyee NSW 2259
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Wyee, positioned off Wyee Road near Morisset, is drawing strong family demand, reflected in 84% family households in nearby Wyee Point and a 20.9% population jump since 2011. House prices have surged to a $1,042,500 median, with annual growth estimates ranging from 29.3% to 84.1% depending on source. Units tell a different story, falling 46.9% in the past year. Sales volumes are thin-between 29 and 64 houses annually-and 4-bedroom homes average 58 days on market, indicating a selective buyer pool. Future growth relies on continued population inflow and accessibility; key risks include affordability constraints above $1 million and inconsistent transaction evidence.
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PropCred Estimated Value
Bedrooms
5
Bathroom
1
Parking
4
Land
1012m²
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