2 Hakea Close, Casula NSW 2170
2 Hakea Close, Casula NSW 2170
3 bed, 1 bath freestanding house | 572 m² block in R4 zone | quiet cul-de-sac near Casula Mall | granny flat potential subject to approval | sold May 2024 for $860,000
This property’s strongest competitive edge is its land size on a 572 m² block within an R4 zone, a configuration that is relatively uncommon in Casula’s older housing stock and offers genuine optionality for a secondary dwelling, subject to council approval. The quiet cul-de-sac position near Casula Mall and M5 entry provides a low-traffic yet convenient setting that appeals strongly to first home buyers seeking an entry-level detached house, as well as investors looking for income potential through a future granny flat. The single-storey brick veneer design, built around 1970, is typical suburban stock but benefits from a large backyard and rebuilt bathroom, making it a functional home for downsizers or families wanting a yard without the maintenance of a larger property.
Several factors may materially affect this property’s value. The older build era means modern finishes and energy efficiency are likely absent, which could require upgrades to meet contemporary buyer expectations. The R4 zoning may enhance redevelopment potential, but its feasibility depends on council controls and site design, so a buyer should verify permissible densities and any overlay restrictions. The single bathroom might limit appeal for families compared to two-bathroom alternatives, and the reported parking varies between one and two spaces, which could be a constraint for multi-car households. The sale price of $860,000 sits below a nearby comparable sale, suggesting the market has already priced in the property’s age and condition, but the land component may offer long-term value growth if zoning changes or subdivision become viable.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Hakea Close, Casula NSW 2170
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
✓
Execution Risk
✕
2
Market Insight
Casula is a well-established family suburb, with demand anchored by its high proportion of young families and working professionals. This demographic drives a robust market for houses, evidenced by strong recent price momentum and consistent sales activity. Future growth is supported by its established infrastructure and transport links, though the market shows sensitivity to interest rates, with a notable divergence in performance between houses and units.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
572m²
Other Properties to Compare in This Area
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