117 Hume Boulevard, Killarney Vale NSW 2261
117 Hume Boulevard, Killarney Vale NSW 2261
Large family home on 733mΒ² lot | Resort-style living potential | Prime school catchments | Single car space noted
This property presents a strong opportunity for a family seeking space and long-term flexibility in a well-established location. Its defining competitive strength is the substantial, level parcel of land, which is significantly larger than many local offerings and provides immediate utility while retaining clear potential for a pool, secondary dwelling, or extension. The configuration of four bedrooms and two bathrooms aligns with core family demand, further bolstered by its proximity to well-regarded government schools. This house serves a buyer looking for a primary residence with embedded optionality, where the land component acts as a strategic store of value.
The primary decision point is the single car space, which is a functional deficit for a modern four-bedroom home and may constrain resale appeal to multi-vehicle families. The commercial logic rests on capitalising on the land size; the most prudent path is to secure the property at a price that reflects the car space compromise, then hold and later realise the lot’s potential through a value-add improvement. This is a buy-and-hold proposition for an owner-occupier, where the land bank offsets the configuration flaw.
A recent sale at 3 Hume Boulevard provides a relevant benchmark: a five-bedroom home sold for $1,142,000 in March. While that property had an extra bedroom and second car space, this subject property’s larger land parcel and similar core structure suggest its value sits competitively within the same broad price band, adjusted for its specific limitations. This indicates a resilient local market for substantial family homes.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Killarney Vale presents a stable Central Coast market with a solid long-term growth trajectory. Demand is underpinned by steady buyer interest, evidenced by healthy sales volumes and competitive days on market for both sales and rentals. Recent price trends indicate a period of stabilisation following prior growth, with the market demonstrating resilience. Future performance is supported by consistent rental demand and sustained capital appreciation over extended periods, though the current environment suggests a measured pace of growth.