120 Caledonian Street, Bexley NSW 2207

Directly opposite Dominey Reserve | 594 m² freestanding house | generous off-street parking for six | strong family configuration This property presents a competitive buying case through its park-side positioning on a substantial 594 m² block, which is rare for a freestanding house in Bexley at this price point. The three-bedroom, two-bathroom layout with separate lounge and dining areas, ducted air conditioning, and a large backyard serves families seeking space and immediate occupancy without renovation. The substantial driveway and garage offering parking for six vehicles is a standout advantage in a suburb where off-street parking is often constrained, strengthening the property’s appeal to multi-car households or those with a boat or caravan. The recent cosmetic updates—paint, carpet, blinds—reduce immediate maintenance burden, allowing a buyer to move in with minimal disruption. The key risk is the inconsistency in land size between 594 m² and 623 m², which may affect valuation precision and future development potential; a formal survey is recommended before purchase. The recorded rent of $975 per week in March 2024 indicates a rental yield near 2.98%, which is modest but stable for a house of this type. For an owner-occupier, the park-side location and strong family configuration offer long-term lifestyle value and likely capital growth in a suburb with a median house price of $1.62375 million and 74% auction clearance. For an investor, the property’s appeal to families and its low-maintenance condition support consistent tenancy, though the yield is not high. Hold this property as a long-term family home or a low-turnover rental in a well-positioned Bexley pocket.