11 Cannon Street, Prospect NSW 2148

11 Cannon Street, Prospect NSW 2148
3-bed house on 574mΒ² lot | separate dining & spa bath | no overlays | FTTP & 5G This property presents a competitively strong land position within a family-focused suburb, offering a rare 574-square-metre parcel with no development overlays, which simplifies due diligence and protects future capital growth. The practical floorplan with separate living areas and a covered outdoor space serves growing families effectively, while the rental estimate aligns with investor fundamentals. Its prime buyer profile is the owner-occupier seeking space and stability, or the investor targeting long-term land appreciation with immediate income. Proceed with the understanding that the guide price sits at the top of available automated valuations, demanding validation against true comparable sales. The primary risk is overpaying in a market with limited recent sales data; secure a professional valuation to establish a walk-away price. The opportunity lies in securing a character home on a large, unencumbered block in an established catchment. Acquire for long-term hold, either as a primary residence or a strategic investment. Propcred can provide the precise market valuation, locality risk audit, and insurability assessment required to underwrite this decision. Recent sales data is limited. One nearby sale on Cannon Street achieved approximately $1.12 million, suggesting the listed guide is positioned above the immediate street median. This underscores the necessity of a full comparative market analysis to test the price against truly similar properties.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Prospect presents a mixed market with divergent performance between houses and units. Demand is underpinned by a growing population and a diverse demographic base, including both young families and established residents. While the house market has experienced recent price softening, it maintains relatively stable selling conditions. Future growth is supported by solid rental demand and low vacancy, though the unit segment faces significant price headwinds and affordability remains a key consideration against broader state benchmarks.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

559mΒ²

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