2/24 Hopetoun Street, Oak Flats NSW 2529
2/24 Hopetoun Street, Oak Flats NSW 2529
4-bed townhouse | dual living zones | walk-to-station position | boutique complex | courtyard and double garage
This townhouse holds a genuine edge in Oak Flats because four-bedroom attached homes with two separate living areas are uncommon in the immediate village core. Most nearby stock is either older two-bedroom apartments or detached houses on larger lots, so this property bridges a gap for families who want house-like space without the maintenance of a freestanding home. The stone and gas kitchen, hybrid flooring, and ducted air-conditioning lift it above typical townhouse finishes, while the upper-level family room and private courtyard make it feel like a small house rather than a unit. It suits owner-occupiers—especially young families or downsizers—who value the short walk to schools, the station, and the lake foreshore, and it competes well against both newer apartments and tired older houses in the same price conversation.
Value may be shaped by the absence of a confirmed land component, which is typical for strata townhouses but still worth weighing against what a detached house on a full block would offer. The boutique complex size and internal-access double garage add convenience that many nearby units lack, and the escarpment outlook from the upper level may support a small premium. Buyers should also consider that the property’s appeal is tied to its walkable position—strong for commuters and families—but the attached nature and shared site mean less privacy and outdoor space than a house. Rental demand on the street appears healthy, which may support future resale interest from investors, though the primary market here is likely owner-occupiers seeking a low-maintenance family home.
|| Comparable Sales: 38 Hopetoun Street sold as a 3-bed house on ~698sqm; 8/52 Hopetoun Street is a 2-bed unit valued near $507K | Property Price Band: $850K–$950K | Value Drivers: four-bed layout, dual living areas, walk-to-station location, quality kitchen and finishes
Detailed Independent Property Report prepared by PropCred Analyst team for 2/24 Hopetoun Street, Oak Flats NSW 2529
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Oak Flats, in the Illawarra south of Sydney, offers coastal-adjacent residential living with a mix of houses and units. Demand comes from families and investors drawn by the housing mix and consistent growth. House prices sit around $915k–$970k with recent growth of 3.6–4.8%; units near $805k grew 6.1%. Stock is tight: houses average 21 days on market, with 94 sales. Long-term CAGR of 6.3% supports predictability, but affordability is constrained by high price points and a thin rental supply (13 listings), indicating a balanced, rate-sensitive market.
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PropCred Estimated Value
Comparable Sales: 38 Hopetoun Street sold as a 3-bed house on ~698sqm; 8/52 Hopetoun Street is a 2-bed unit valued near $507K | Property Price Band: $850K–$950K | Value Drivers: four-bed layout, dual living areas, walk-to-station location, quality kitchen and finishes
Bedrooms
4
Bathroom
3
Parking
2
Land
697m²
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