21 Marengo Avenue, Figtree NSW 2525
21 Marengo Avenue, Figtree NSW 2525
Large family home on oversized block | peaceful cul-de-sac | fully renovated with ducted AC & solar | no bushfire or flood overlays
This property presents a competitively strong offering for a family seeking space and modern convenience in a established suburb. The 1087 square metre land parcel is significantly larger than typical Figtree lots, providing rarity value and expansion potential. The house itself is configured above standard with four bedrooms, three bathrooms, and multiple living zones including a separate teenager’s retreat, aligning perfectly with family buyer profiles. Its recent renovations, ducted air conditioning, and solar panels indicate a low-maintenance, cost-efficient occupancy, while the absence of environmental overlays removes a layer of purchasing complexity and future insurance risk.
The primary decision point rests on reconciling the divergent value estimates, which show a wide range, and the low-confidence last sale price from 2020 which is no longer relevant. This variance underscores a pricing ambiguity that a buyer must navigate through disciplined due diligence. The commercial logic is clear: secure a large, modernised family home in a stable, leafy location with strong rental demand evidenced by the yield estimates, making it a sound long-term hold for either owner-occupation or investment. Our tailored report would clarify its real market valuation through comparable sales analysis, provide a definitive checks list for the renovation quality, and detail locality risks to inform your offer strategy and insurance assessments.
Recent comparable sales data is notably absent, with only an address reference provided without price or settlement details. The last known transaction for this specific property was in 2020 at a price point that bears no relation to current market conditions. This lack of direct, recent sales comparables in the immediate vicinity introduces a degree of valuation uncertainty that must be offset by professional appraisal of broader suburb performance and adjusted comparisons.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Figtree is an established, family-centric suburb dominated by outright homeowners in detached houses. Demand is driven by families seeking larger homes, evidenced by strong sales activity for three-to-five-bedroom properties. Recent house price growth has been positive, supported by a tight sales market with properties transacting quickly. Future growth is underpinned by sustained family demand and a decade of significant capital appreciation, though the market faces constraints from limited available supply and variable performance in the unit sector.