19/14-16 Ormonde Parade, Hurstville NSW 2220
19/14-16 Ormonde Parade, Hurstville NSW 2220
Two bedrooms, two bathrooms, one car space | 119sqm lot with no flood or bushfire risk | Building age and strata risk unconfirmed | No sales history is a red flag on market depth
The complete absence of rental or sales history for this specific unit costs you market validation. No data means you carry the risk of discovering a discount-priced unit or an overvalued one only after settlement. The comparable units show wide spreads from $700,000 to over $1,100,000, which indicates inconsistent pricing even within the same building. This property should only be considered if your hold period exceeds five years and you intend to occupy rather than flip. Without rental history, any investment-styled purchase depends entirely on local suburb absorption rates.
The layout delivers genuine utility: two full bathrooms including an ensuite is rare for a 119sqm apartment, and the fully fenced outdoor area makes this compete with ground-floor townhouses in function. Secure parking and gym access serve the owner-occupier market well. This property best suits a downsizer or professional couple seeking lock-and-leave convenience without sacrificing outdoor space. Your next step is to request a full strata inspection and obtain the building’s sinking fund balance and maintenance schedule before any offer. Comparable evidence suggests the higher end of the estimated range requires justification from recent similar sales in the same complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 19/14-16 Ormonde Parade, Hurstville NSW 2220
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Hurstville is a well-connected, culturally diverse hub appealing to families and professionals seeking strong schools and urban convenience. Demand is driven by this demographic, with particularly robust activity in the unit market. House prices have demonstrated strong recent growth, while the unit market shows steadier appreciation. Future growth is supported by significant planned development, though a constrained supply of new houses presents a key market risk.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
119m²
URL has been copied successfully!