1/2 Alexander Place, Swansea NSW 2281

1/2 Alexander Place, Swansea NSW 2281
Torrens-title 3-bed, one back from bay | 4-car parking incl boat/caravan | fresh renovation, new roof | no strata fees | Swansea lifestyle pocket Little comparable stock is found in Swansea combining Torrens-title ownership, no strata fees, and parking for four vehicles. The house has been freshly renovated, with a brand new roof, updated bathroom and interiors, new plumbing and lighting, so no immediate maintenance is needed. It is single-level and low-maintenance, set one house back from direct bay access, with a rear deck, yard, electric gate, double carport, and lock-up garage. The configuration is best suited to downsizers, boating households, and owner-occupiers wanting water-adjacent living without the waterfront premium. Four-car parking is rarely matched in this older housing stock. Value may be shaped by the flood overlay in the waterfront pocket, which might affect insurance costs and resale appeal. The single bathroom may limit family interest, concentrating demand among couples and downsizers. Land size and aspect are not yet confirmed, so the final price could vary noticeably. More may be paid for parking capacity than for any single interior finish. >> Comparable Sales: 8 Alexander Place sold for $3,000,000; 1 Alexander Place sold for $1,150,000 | Property Price Band: $1.4M-$1.5M | Value Drivers: renovated condition, 4-car parking capacity, bay-adjacent position
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/2 Alexander Place, Swansea NSW 2281
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Swansea, a lakeside suburb south of Newcastle, offers Pacific Highway connectivity and a coastal lifestyle that draws families, downsizers and professionals; apartments, at a $760,000 median, extend entry to first-home buyers. House prices sit around $1.05 million, though recent annual growth is mixed, ranging from -1.0% to 1.7% with a 74-day median sell time and roughly 90 house sales. Long-term appreciation is robust-8.6% over ten years, 5.6% over twenty, 6.5% over thirty-six-supporting future demand, while apartments make up 18.5% of stock. The key constraint is valuation: the market sits near its long-term trend, implying limited near-term upside.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

4

Land

375m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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