1 Cassidy Parade, Turvey Park NSW 2650
1 Cassidy Parade, Turvey Park NSW 2650
large flat block | development upside | young family suburb | school proximity | price gap to estimates
This property’s primary buying case is its oversized flat block in a suburb dominated by young families and long-term owners, where land value drives pricing well above the median house. The 3,421 m² lot, two living areas, and evaporative cooling with split system air conditioning give a buyer rare configuration edge for either a family home or future subdivision, subject to council approval. It best suits a developer seeking land bank upside or a renovator wanting to expand into a dream home, as the fibro cottage provides a lower entry point for value-add work.
The single bathroom and older construction introduce renovation cost risk for families, and the quick relisting after the 2023 sale suggests possible holding cost pressure or market timing issues. The opportunity lies in negotiating below the $1.3 million list price, given the gap to the $1.34 million estimate and low auction clearance context. Hold for land appreciation or develop within council guidelines to unlock the block’s full potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Cassidy Parade, Turvey Park NSW 2650
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Turvey Park presents as a stable, entry-level market with a clear divergence between its established house segment and more volatile unit market. Demand is anchored by investors seeking solid rental yields and affordability, supporting consistent turnover. Recent price trends indicate moderate but steady house growth, contrasting with sharper unit appreciation, within a balanced sales environment. Future performance will hinge on sustained rental demand against a low vacancy rate, though broader economic sensitivity remains a watch point for this value-oriented suburb.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
3424m²
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