12 Magpie Avenue, Elermore Vale NSW 2287
12 Magpie Avenue, Elermore Vale NSW 2287
3-bed villa in tight strata | 176 sqm lot | bushfire overlay detected | 85% owner-occupied street | 3 days on market
This property presents a rare entry point into a tightly held street where 85% of residents are owners and long-term tenure dominates. The villa configuration on a compact 176 sqm lot offers a lower-maintenance footprint that suits downsizers or first-home buyers seeking a foothold in a stable suburb. The three built-in bedrooms, two bathrooms including an ensuite, and single garage provide a functional layout that aligns with current demand for lock-and-leave living. Its positioning within the Elermore Vale Public School catchment and proximity to Glendale Technology High School adds practical appeal for families. The recent 2022 sale history and current estimated value indicate modest capital growth, but the property’s strength lies in its scarcity within a street where turnover is low and owner-occupier sentiment is high.
The detected bushfire overlay is a specific risk that may affect insurance premiums and lending criteria for some buyers, though no flood or heritage constraints apply. This overlay should be investigated through council mapping and a building inspection to confirm any mitigation requirements. The property’s 3-day market presence suggests either a recent listing or a pricing strategy that has not yet attracted broad attention, which could present a negotiation opportunity if the vendor is motivated. The absence of rental history and low proportion of renters in the street reinforces the owner-occupier character, making this less suited to investors seeking high rental yields but ideal for those prioritising residential stability and long-term holding.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Magpie Avenue, Elermore Vale NSW 2287
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Elermore Vale is a well-established Newcastle suburb attracting a diverse mix of families, first-home buyers, and investors, supported by strong local amenities. Demand is high, evidenced by rapid sales and low vacancy rates, driving robust recent price growth. Future performance is underpinned by this sustained demand, though the significant apartment supply and a market approaching fair value suggest moderated growth expectations ahead.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
176m²
URL has been copied successfully!