1 Wallace Street, Concord NSW 2137
1 Wallace Street, Concord NSW 2137
Quiet tree-lined street | 3-bed full brick with 3-car capacity | 480m² level site | Strong family demand | Renovated interior, original shell
This is a solid, single-level full brick family home on a level 480m² block, set in a tightly held pocket of Concord where long-term owner-occupiers dominate. The configuration is practical rather than grand: three bedrooms, one bathroom, but an unusually generous three-car arrangement with a separate workshop, dual driveways, and a covered entertaining area. That car and storage capacity is rare for a property of this size and gives it genuine flexibility for a family with multiple vehicles, a tradesperson, or someone who wants workshop space. The interior has been updated in the right places—renovated bathroom, timber floors, ducted air conditioning, and a timber kitchen—so it is move-in ready without being over-improved. It sits within the Concord Public and High School catchments, which is a meaningful draw for family buyers, and the absence of flood, bushfire, or heritage overlays removes a layer of due diligence risk. This house serves best as a long-term family home, but its land size, frontage, and street position also give it quiet redevelopment potential, subject to council approval.
What may materially affect value is the single-bathroom layout, which will likely cap the price relative to renovated four-bedroom homes on the same street that have added a second bathroom or extended the footprint. The property’s value is more heavily weighted toward land and location than the house itself, so a buyer should weigh the cost and feasibility of adding a bathroom or reconfiguring the floor plan against the purchase price. The modest rental yield, if considered as an investment, suggests the price is driven by owner-occupier demand rather than income return. Proximity to the proposed Burwood North metro may support future growth, but that is not yet reflected in the immediate streetscape.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Wallace Street, Concord NSW 2137
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Concord 2137 is a well-established, affluent Sydney suburb across 250 streets. Demand is anchored by a high proportion of owner-occupiers and family households. The house market is tight—166 sales in 12 months, with typical selling times of 43–47 days. Median house prices reach $3.3M, showing 11.4% annual growth in one series, or $3.26M with 7.8% compound growth in another; the 10-year CAGR is 6.4%. The unit segment sends conflicting signals: $990,500 median, down 14.2% year-on-year, versus $1.651M, up 55%, signalling volatility. Rental yields are modest—houses 2%, units 3.3%. The long-term growth trajectory remains firm—20-year CAGR of 7.6%—but the all-property median of $2.825M underscores a significant affordability constraint.
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PropCred Estimated Value
Comparable Sales: 11 Wallace Street, 4-bed renovated, sold Nov 2019 for $1.951M | Property Price Band: $2.5M–$2.7M | Value Drivers: land size and frontage, three-car capacity, school catchment, single-level layout
Bedrooms
3
Bathroom
1
Parking
3
Land
481m²
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