1/21 Theodore Street, Oak Flats NSW 2529

1/21 Theodore Street, Oak Flats NSW 2529
1/21 Theodore Street is a 3-bedroom, 2-bathroom townhouse on a 783 m² lot with 2 car spaces. The property was listed for sale on 18 June 2026 as a townhouse/unit in Oak Flats. 2/21 Theodore Street, Oak Flats, NSW 2529 is a 3-bedroom, 2-bathroom unit built in 2019 with 2 parking spaces and a land size of 141 m². 3 bed unit | 2019 build | 141 m² land | sold $645k in 2021 | shared block of four This unit is competitively strong due to its recent 2019 construction, which is rare in Oak Flats where most housing is older. The modern finishes, built-in wardrobes, and garden space appeal to buyers seeking low-maintenance living without sacrificing comfort. Its location near schools, shops, and transport makes it ideal for young families or investors targeting steady demand from commuters to Wollongong. The three-bedroom configuration with two bathrooms and two parking spaces is practical for owner-occupiers or tenants, and the 141 m² land size, while compact, is typical for a unit in a subdivided block. This property serves best those who value convenience and modernity over spacious grounds. The value of this unit may be influenced by its position within a block of four properties, which could limit privacy and add body corporate fees. The 2021 sale price of $645,000 suggests a premium for its age and features, but market shifts since then might affect current worth. Buyers should weigh the smaller land size against the benefits of a newer build, as older houses on larger blocks in the area may offer different trade-offs. The lack of confirmed aspect or floor level data means orientation and noise exposure could impact desirability, so a physical inspection is recommended to assess these factors.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/21 Theodore Street, Oak Flats NSW 2529
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk 2
Execution Risk
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Insight: Oak Flats NSW 2529

Oak Flats presents as a stable coastal residential suburb with a diverse housing mix, appealing to both families and investors. Demand is supported by consistent long-term capital growth and a balanced market, with houses selling efficiently. Future appeal is anchored to its established growth trajectory and regional connectivity, though affordability considerations relative to local incomes and broader interest rate sensitivity present measured constraints to momentum.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

783m²

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