2 Albany Place, Kareela NSW 2232
2 Albany Place, Kareela NSW 2232
Detached family house | established low-density street | strong owner-occupier demand | value tied to renovation and outdoor space | school catchment varies by address
This property sits in a quiet, established pocket of Kareela where detached family houses dominate and turnover is steady. The street itself offers a consistent suburban character, and the local market clearly rewards well-presented homes with updated bathrooms, usable entertaining areas, and off-street parking. For a buyer seeking a long-term family home, this address offers the kind of stable, low-density environment that tends to hold value well and attract owner-occupiers rather than investors. The best fit is a family looking for a house they can either move into immediately or improve over time, with the confidence that quality renovations in this area are well compensated.
The value of this house may be most influenced by its condition relative to recent sales in the immediate area. If the interior and outdoor spaces have been modernised, it could sit near the upper end of the local price band; if original, it might appeal to buyers who see potential and are willing to invest in upgrades. Land size, layout, and how well the house captures natural light are also likely to shape the final price. School catchment boundaries in Kareela vary by street, so confirming the exact enrolment zone for this address is worth doing early, as it may broaden or narrow buyer interest. Rental demand appears moderate, with larger, well-kept houses commanding noticeably higher weekly returns.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Albany Place, Kareela NSW 2232
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Kareela sits 24km south of the Sydney CBD on the Georges River, within the Sutherland Shire’s established, tree-lined residential core, where freestanding homes, tidal waterfronts and golf-course frontages dominate. Demand is skewed towards couples with children, who form 59% of households, and a substantial 32% of residents aged over 55; 47% of the area are purchasers, indicating active owner-occupier interest. The median house price is approximately $1.7M, with annual growth ranging from 3.6% to 7.18% depending on the source, while houses sell quickly—within 23 to 44 days. Units sit at a $1,125,000 median, with gross yields near 3.3%; house rents run from $1,050 to $1,280 weekly. A low 12.9% strata share limits apartment supply, reinforcing scarcity for family housing. Future growth is underpinned by the established village atmosphere and community stability, though thin sales volume—41 to 51 houses annually—and no vacancy data temper liquidity assessment.
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PropCred Estimated Value
Comparable Sales: 12 Banool Street sold at $1,678,000; 8 Albany Place sold with 581.7sqm land | Property Price Band: $1.6M–$1.7M | Value Drivers: renovation condition, land size, outdoor entertaining space
Bedrooms
3
Bathroom
1
Parking
4
Land
663m²
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