2/29 Edward Street, Charlestown NSW 2290

3-bed townhouse, 248m² land, Charlestown catchment | Sold $760k in 2021 | 43-day average market time | Owner-occupied building The property’s 248m² land component is unusually generous for a townhouse in this price bracket, giving a buyer positional leverage over standard units in the area. The building’s 70% owner-occupancy signals stable neighbours and lower rental turnover risk, which matters for both liveability and resale. This suits a downsizer or small family wanting Charlestown’s school catchment without a full house. The NBN and 5G coverage are supporting conveniences, not primary drivers. The main risk is the 0% auction clearance rate for three-bed units in Charlestown this year, suggesting buyer resistance at current pricing despite low stock. The 43-day average market time indicates patience is needed, not urgency. With the 2021 purchase at $760k, the current ask represents a significant markup, so a buyer should anchor offers closer to the $930k lower end of the estimated range. Hold this as a long-term family property, not a flip.