15 Lawson Place, Westdale NSW 2340
15 Lawson Place, Westdale NSW 2340
4-bed brick family house | long-term tenant since 2006 | single-level on substantial yard | last sold 2020 | Westdale detached stock
This house holds a clear competitive edge through its four-bedroom configuration on a single level, which places it at the larger end of Westdale’s typical detached housing range. The substantial backyard adds practical family appeal, while the established tenancy since 2006 signals reliable rental continuity and reduces vacancy risk for an investor buyer. It serves best a purchaser seeking steady income with the option of future owner-occupation, given the family-oriented layout and low-maintenance brick construction. The 2020 sale date suggests the property has been held through a period of market adjustment, which may offer pricing flexibility.
The main value considerations may centre on the dated condition of the interior, as no upgrades to kitchen, bathroom, or climate control are confirmed. The single bathroom could limit appeal for larger households, and the lack of confirmed land size means the yard’s true depth remains uncertain. A buyer might weigh the cost of modernisation against the benefit of a long-term tenant already in place, which could allow immediate rental income without re-letting effort. Future value may depend on how the property compares to renovated stock in the area, and whether the tenancy’s longevity reflects below-market rent that could be adjusted upon vacancy.
|| Comparable Sales: 6 Lawson Place sold for $500,000 in Jul 2024; 12 Marathon Street listed around $750,000–$800,000 | Property Price Band: $450,000–$550,000 | Value Drivers: four-bedroom layout, single-level brick form, substantial backyard, established tenancy
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Lawson Place, Westdale NSW 2340
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Westdale, in NSW’s New England region, remains a family-oriented market where owner-occupiers and first-home buyers favour houses over units, given a strata share of just 1.4%. The median house price is approximately $558,000, having risen 11.6% annually, while units sit at $394,500. Low stock is evident: only 71 houses sold over the past year, with days on market averaging 28–30 days. Gross yields of 5.32% for houses and a near-zero vacancy rate (two rental properties) underpin investor interest. A 10-year CAGR of 5.5% supports long-term capital growth, though the market is currently near fair value with balanced supply and demand, limiting upside.
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PropCred Estimated Value
Comparable Sales: 6 Lawson Place sold for $500,000 in Jul 2024; 12 Marathon Street listed around $750,000–$800,000 | Property Price Band: $450,000–$550,000 | Value Drivers: four-bedroom layout, single-level brick form, substantial backyard, established tenancy
Bedrooms
4
Bathroom
1
Parking
1
Land
889m²
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