2 Garratt Avenue, Fairy Meadow NSW 2519
2 Garratt Avenue, Fairy Meadow NSW 2519
5 bedrooms, 3 bathrooms, 2 parking spaces on a 619 m² single-storey lot in a quiet residential street near Wollongong CBD and major hospitals. The house is a modern, renovated or newer build with a separate kitchen and bathroom area, offering a clear configuration edge over older 1970s stock in the area.
This property is competitively strong for its rare combination of five bedrooms and three modern bathrooms on a single level, a configuration not common in the suburb’s older housing stock. Its location in a quiet street near the CBD and hospitals positions it well for families needing space and privacy, as well as investors targeting stable rental demand from professionals or larger households. The separate kitchen and bathroom area adds functional flexibility, making it suitable for extended family living or potential dual-occupancy use. The house sits confidently in Fairy Meadow’s low-density residential character, offering a newer or renovated alternative to typical 1970s homes, which may appeal to buyers seeking modern finishes without a multi-level layout.
Factors that might materially affect value include the lack of explicit bushfire hazard on the street, which supports insurance and resale stability, and the moderate rental demand indicated by available listings in the suburb, suggesting reasonable investor interest. The property’s age relative to 1975-built comparables implies a newer or renovated condition, but without a stated build year, buyers should verify the extent of renovations and any structural updates. The single-storey design limits accessibility options for those needing multi-level living, and the absence of detailed transport frequency data means proximity to public transport should be confirmed in person. The 619 m² land size is typical for the area, so value may hinge more on internal condition and layout than lot premium.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Garratt Avenue, Fairy Meadow NSW 2519
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Market Insight
Fairy Meadow presents a balanced market with strong underlying demand, evidenced by consistent sales activity and a tight rental vacancy. House prices demonstrate robust growth, while the unit market offers relative affordability and higher rental yields, appealing to investors. This demand is supported by the suburb’s established infrastructure links. Future growth is underpinned by sustained capital appreciation, though a recent increase in listing stock suggests a potential shift in supply dynamics that warrants monitoring.
PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
2
Land
619m²
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