12 Olive Avenue, Phegans Bay NSW 2256
12 Olive Avenue, Phegans Bay NSW 2256
5 bed on 714m² | water view over Phegans Bay | quiet no-through street | 4-car parking | bushfire flag noted
This house holds a competitive edge in Phegans Bay through its rare combination of five bedrooms, four parking spaces, and a direct water outlook from a quiet cul-de-sac position. The 1980 build with 140m² of internal space is compact for the room count, meaning the layout likely prioritises function over grandeur, but the view aspect and generous land size lift it above typical stock. It best serves a family seeking room to grow, multiple vehicles, and a peaceful waterside setting with easy commuter access to Woy Woy’s rail and road links. The recorded features—air conditioning, balcony, built-in robes—are practical rather than premium, yet the street’s low traffic and elevated position add lifestyle appeal that many nearby homes cannot match.
Value may be shaped by the modest internal area relative to bedroom count, which could limit appeal for buyers wanting open-plan living space. The bushfire risk flag might influence insurance costs or lender appetite, though the lack of flood or heritage constraints reduces broader risk. The 714m² block is consistent with local lots, but the older build could mean renovation potential—either as a draw for hands-on buyers or a discount factor for those seeking move-in condition. Rental demand appears solid, with recent weekly rents climbing, yet yield remains modest, so price should reflect owner-occupier sentiment more than investment return.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Olive Avenue, Phegans Bay NSW 2256
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Phegans Bay is a tightly held, bayside enclave on the Central Coast, distinguished by a mature, owner-occupier profile where long tenure is the norm. Demand is driven by established households seeking coastal stability, evidenced by a very low vacancy rate and constrained stock. The house market is expensive, with a median around the seven-figure mark, yet has demonstrated solid recent growth. However, the market is thinly traded, with a small annual sales volume that renders short-term price movements volatile. Future appreciation is anchored by limited supply and lifestyle appeal, though high entry prices and interest-rate sensitivity remain key constraints.
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PropCred Estimated Value
Comparable Sales: 22 Olive Avenue sold $1.15M in 2024; 24 Olive Avenue sold $1.215M in 2021 | Property Price Band: $1.1M–$1.2M | Value Drivers: water view quality, five-bedroom configuration, 4-car parking capacity
Bedrooms
5
Bathroom
2
Parking
4
Land
714m²
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