1A Prince Street, Picnic Point NSW 2213
1A Prince Street, Picnic Point NSW 2213
3-bed 1-bath on 607m² | flood overlay flagged | Picnic Point school catchment | strong family demand | older single-level stock
This property is positioned in an established, family-focused pocket of Picnic Point where larger residential lots are common and school proximity drives consistent demand. A 607m² block with a 232m² building footprint is offered here, giving rare internal scale for a 3-bedroom single-level house. That configuration suits a young family wanting room to grow without moving. Both Picnic Point Public School and Picnic Point High School are located within a short walk, anchoring long-term buyer appeal. The local market is active and competitive, with family demand sustained by nearby schooling and limited apartment supply. This house serves best a school-focused family buyer or a renovator who can look past dated finishes and add value through updates rather than structural change. FTTC NBN and 5G coverage is present, supporting modern working-from-home needs and broadening appeal.
The flood overlay is the single most material factor to be weighed. It may affect insurance premiums and could limit some redevelopment or extension options under local planning rules, though ground elevation of 33m suggests the practical risk might be modest. The 3-bedroom, 1-bathroom configuration is more modest than the 4-bedroom, 2-bathroom family stock common in the area, so the price may be capped relative to such houses. Older-era construction should be anticipated; while the building footprint is generous, condition and compliance may require capital. Value will likely be shaped most by how the flood overlay interacts with redevelopment potential and how the land-to-building ratio is priced by buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 1A Prince Street, Picnic Point NSW 2213
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Picnic Point, a primarily residential southern Sydney enclave, is underpinned by separate houses on Environmental Living and National Parks land, which structurally limits supply. Demand is driven by couples with children, typically owning outright, aged around 39, seeking quiet proximity to the city. The median house price is approximately $1.78 million, having risen 13% annually, while units sit near $1.2 million with 14% growth. Houses clear in about 34 days, reflecting tight conditions, but gross yields remain thin at 2.79% for houses and 3.55% for units. Growth is supported by land scarcity and infrastructure constraints, though 51% of owners carry mortgages, amplifying rate sensitivity. The mortgage-to-income profile and $950 weekly house rents point to affordability limits, capping future upside.
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PropCred Estimated Value
Comparable Sales: 1 Prince St sold $1.95M in 2022 on 607m² | Listed Price Band: $1.9M–$2.0M | Value Indicator: flood overlay, land size, building footprint
Bedrooms
3
Bathroom
1
Parking
1
Land
607m²
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