48 Downie Street, Maryville NSW 2293

Maryville core | 241m² titled lot | 3-bed established house | recent comparable $1.08m This property presents a competitively strong entry into a tightly held suburb where the existing housing stock is characterised by small-lot, three-bedroom dwellings. Its core strength is the titled land parcel in a established street, a configuration that aligns directly with prevailing buyer demand for low-maintenance, centrally located houses. This house serves the owner-occupier seeking a foothold or the investor targeting fundamental rental demand for basic accommodation, with its value anchored by the demonstrable scarcity of available lots rather than the dwelling’s specific features. The decision pivots on the cost of its dated condition and lack of renovation history against the opportunity to secure a titled parcel in a rising market. The primary risk is capital erosion through functional obsolescence, requiring immediate investment to align with modern expectations. The commercial logic is the land’s inherent utility, which provides a stable base for either a hold-and-renovate strategy or a straightforward rental. Acquire for the land position, budget for improvement. Comparable sales data establishes a clear value benchmark: – 18 Downie Street, Maryville: Sold for $1,080,000 on a 240m² lot. This recent transaction confirms the market’s willingness to pay approximately $1.08 million for a near-identical land configuration, providing a credible anchor for this property’s listed positioning and estimated value.