168 Cherry Road, Eleebana NSW 2282

168 Cherry Road, Eleebana NSW 2282
5 bed | 674mยฒ | 3 car | lake macquarie family territory | $2.4m+ bracket This is a large family house on a solid 674mยฒ block in Eleebana, a lakeside suburb that draws owner-occupier families and upsizers looking for detached living near Lake Macquarie. The three-car accommodation is a genuine differentiator in this market, and the configuration suggests a property built for space and practicality rather than compact living. The asking range places it in the mid-to-upper end of the local detached house market, which is consistent with a larger family product in a low-density street environment. The property is best suited to buyers who need room to move and value garage space and land area over proximity to apartment-style amenity. The bedroom count discrepancy between four and five across different data sources is a material point that may affect perceived value and should be clarified through direct inspection or a floorplan. The 2015 sale price of $995,000 provides a long dated benchmark but does not anchor current value given the market shift since then. Without confirmed details on finishes, renovation quality, building age, or site improvements like a pool or outdoor entertaining, the property’s true condition and appeal can only be assessed in person. These unknowns might narrow the buyer pool for those who require certainty on layout and quality before forming a price view.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 168 Cherry Road, Eleebana NSW 2282
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Market Insight:

Eleebana is a well-established Lake Macquarie suburb characterised by steady family demand, evidenced by consistent sales of three-to-five-bedroom homes. This demographic drives a resilient market with solid rental interest, supporting investor activity. Recent price trends show robust annual growth, with houses transacting efficiently, indicating sustained buyer competition. Future performance is underpinned by this established appeal, though the premium price point presents an affordability consideration for new entrants.
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PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

3

Land

674mยฒ

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