199 Lake Road, Elermore Vale NSW 2287
199 Lake Road, Elermore Vale NSW 2287
5-bedroom oversized brick house | 314 m² on 800+ m² block | Built 1995 with flexible layout | Potential for home-based business | Larger-than-average family home
This property is positioned as one of the larger family homes within Elermore Vale, offering a rare combination of five bedrooms, three bathrooms, and generous internal and land areas. The oversized brick construction and multiple living zones are considered attractive to households requiring significant space. The property is best suited to large families, multi-generational living, or buyers seeking room for a home-based business, as the layout has been marketed with salon or studio potential in mind. Its 1995 build and spacious landholding place it above typical stock, making it a distinctive offering in the local detached house market.
The value of this property may be influenced by its unique configuration, which may appeal to a narrower buyer pool than a standard family home. The large land size and flexible floorplan are thought to offer long-term utility, potentially supporting a price premium when matched with the right household. However, the absence of recent comparable sales in the area might require careful appraising of its market position.
Detailed Independent Property Report prepared by PropCred Analyst team for 199 Lake Road, Elermore Vale NSW 2287
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Elermore Vale is a well-established Newcastle suburb attracting a diverse mix of families, first-home buyers, and investors, supported by strong local amenities. Demand is high, evidenced by rapid sales and low vacancy rates, driving robust recent price growth. Future performance is underpinned by this sustained demand, though the significant apartment supply and a market approaching fair value suggest moderated growth expectations ahead.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
814m²
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