18 Shearwater Drive Berkeley NSW 2506

18 Shearwater Drive Berkeley NSW 2506
Renovated family home | large 777m² block | in-ground pool | no overlays | last sold 1984. This property presents a low-risk, high-utility holding for a long-term owner-occupier. The absence of environmental overlays removes significant holding cost risks, while the 1984 last sale date indicates substantial, untapped equity potential for the vendor, requiring a premium offer to secure. The renovation modernises the floorplan for contemporary living, but the dual floor area records necessitate a building inspection to verify the 296m² claim. Acquire this as a permanent family residence to capitalise on its scale and established setting. Its competitive strength lies in the combination of a large, level block and comprehensive modernisation within a tight-knit street of 120 homes. The 777m² lot with a 38% building footprint offers rare subdivisible potential or expansive outdoor space in Berkeley, while the sunken living area and pool create immediate lifestyle appeal. This house best serves a growing family seeking a turnkey home with space to grow, positioned within the catchment of established public schools. Its value is anchored by its scarcity and functional renovation. The data supports a decisive move; contact us to structure an offer that reflects its latent value and secures a generational holding. Comparable at 62A Shearwater Drive lists at $1,025,000-$1,065,000 with a smaller 224m² building. This suggests a material value premium for the subject property’s larger floor area and superior lot size, justifying its higher estimated range.
Detailed Independent Property Report prepared  by PropCred Analyst team for 18 Shearwater Drive Berkeley NSW 2506
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Market Insight:

Berkeley presents as a value-driven family suburb within the Illawarra, anchored by its schools and parks. Demand is primarily from families and first-home buyers seeking relative affordability, supported by steady house price growth and a brisk sales market. While houses demonstrate solid momentum, the unit segment shows recent weakness. Future growth is linked to its established appeal and long-term capital growth trend, though broader economic conditions and the underperforming apartment market present notable considerations.
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PropCred Estimated Value

Bedrooms

4

Bathroom

-

Parking

-

Land

777m²

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