2 Ellenbrook Way, Albion Park NSW 2527

4-bed house on 531m² lot | comparable growth at 5.45% | strong rental demand on street | within 1km of primary school This house presents a competitively strong land position within its suburb, offering a larger than average block in a established street. Its configuration directly serves the family buyer, with its proximity to well-regarded schools solidifying its core market. The demonstrated rental demand for identical properties on the same street provides a clear exit or income strategy, making it equally viable for an owner-occupier seeking stability or an investor targeting long-term capital growth. Your decision hinges on validating the premium over recent sales. The comparable sale demonstrates robust long-term growth, but you must assess if the current price guide fully accounts for any condition differences or aspect. Proceed only with a building inspection to quantify potential renovation costs, as these unseen liabilities directly erode your equity. This property warrants a disciplined offer below guide, positioning it as a long-term hold to capture its locational advantages. A comparable property at Ellenbrook Way sold for $997,000 in April 2024. It was purchased for $423,000 in February 2008, achieving an annual growth rate of 5.45% over that 16-year period. This established growth trajectory supports the value proposition for the street. The same property achieved a rental yield of 3.96%, confirming the area’s investment appeal. This data benchmarks the subject property’s price guide against a recent, direct market transaction.