1B Ellis Street, Condell Park NSW 2200

Flood risk detected | narrow 268m² block | three parking spaces | auction campaign underway Flood risk on this corner block is not a hypothetical overlay—it imposes real insurance premiums and financing friction. The dual-level brick townhouse design limits ground-level exposure but the gated corner position may concentrate stormwater runoff. The three parking spaces are rare for a 3-bedroom townhouse and directly support both owner-occupier convenience and rental yield. Hold for stable owner-occupier tenure or use as a high-yield rental given the $1,135/week estimate. The full brick construction on a commanding corner block with an island kitchen and ducted air conditioning offers a finish level that competes with freestanding houses nearby. This property fits downsizers trading land for lock-and-leave ease, or families wanting a low-maintenance yard within walking distance of Condell Park Public School. The buyer’s position is strengthened by the absence of bushfire or heritage constraints, leaving flood risk as the sole negotiating variable. A nearby property at 1 Ellis Street sold for $1.75m in May 2024 on a 1,329m² block—five times larger. This townhouse offers a comparable price for a fraction of the land, making it suitable for buyers who prioritise low upkeep over land banking. Schedule a building and pest inspection before auction, and request the vendor’s flood certificate to quantify the insurance impact.