1 Lester Road, Greystanes NSW 2145
1 Lester Road, Greystanes NSW 2145
Modern compact house | 4-bed 2-bath lock-up garage | North-facing courtyard layout | Strong weekly rent potential | Small 250m² land
A modern, detached house is offered on a compact 250m² lot, a configuration that is rarely found in this established suburb. A north-facing orientation is provided through open-plan living spaces, with the property enhanced by ducted air conditioning, a gas kitchen, and security shutters. The four-bedroom, two-bathroom layout with internal-access garage is suited to low-maintenance living. This house serves best those seeking contemporary comfort with minimal upkeep, including small families, downsizers, or investors attracted to strong rental potential.
Value growth may be constrained by the limited 250m² land area, particularly for buyers expecting future subdivision or expansion. A stable yield might be offered by the property’s strong rental income. Appeal for families needing a large backyard could be reduced by the compact footprint, though proximity to parks and transport may offset this. Market fluctuations might affect this property differently than larger homes due to its smaller land component.
>> Comparable Sales: 20 Lester Road sold for $1.35M in Jul 2024; 19 Lester Road sold for $845k in 2017 | Property Price Band: $1.4M-$1.5M | Value Drivers: Modern finish, north aspect, rental demand
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Lester Road, Greystanes NSW 2145
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
!
1
Execution Risk
!
1
Market Insight
Greystanes, in Western Sydney, offers access to major roads and nearby train stations, with average-to-above-average schools. Demand is led by families and professionals, supported by a high share of outright owners. House prices have risen 12.96% annually to a median of $1,468,504, with 303 annual sales and 34 days on market. Units grew 9.69% to $877,500. Future growth hinges on planned infrastructure and strong catchment demand, but affordability constraints loom: a $1.47 million median house price challenges first-home buyers, and gross rental yields are low for houses (2.81%) and below Sydney averages, heightening rate sensitivity for investors.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
250m²
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