21 Red Ash Drive, Woonona NSW 2517

21 Red Ash Drive, Woonona NSW 2517
single-level family house | 576sqm Edgewood Estate | last sold 2009 | beachside low-maintenance living | dual family and downsizer appeal A competitive position is held by this single-level house in Woonona’s detached-house market. The 576sqm block in the Edgewood Estate is sought after by families wanting ground-floor practicality and downsizers seeking coastal living without upkeep. Proximity to beaches, shops, schooling, and transport is the core reason this pocket sustains strong interest. Functional space is delivered for families, and single-level living is valued by downsizers excluded from many comparable homes by stair access. A broadened buyer pool is created by that dual appeal, placing this property in the more desirable local market segment. With the last sale in 2009, the price is likely to be driven by land value and the quality of updates since then. A single-level home on this block may be appealing to renovators and move-in-ready buyers; a modest refresh could be required if dated. The final value may be influenced by presentation, kitchen/bathroom condition, and site issues like slope or fencing. >> Comparable Sales: 10 and 20 Red Ash Drive, similar 4-bed estate homes, around $1.575M | Property Price Band: $1.5M-$1.6M | Value Drivers: single-level layout, 576sqm block, Edgewood Estate setting
Detailed Independent Property Report prepared  by PropCred Analyst team for 21 Red Ash Drive, Woonona NSW 2517
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

Woonona is a premium market: the median house price is $1,473,500 across 128 sales, yet the 12-month house growth is only 1.5%, a sharp contrast to the 3.9–5.1% compound/capital growth measures. Units sit at a $875,000 median and are growing faster at 5.4–6.1%. Demand is driven by established couples with children, mostly outright owners, and a high-income population – a profile that supports stability rather than speculation. Market time signals are selective: the 64-day overall house average obscures 28 days for 3-bedroom houses, while 4-bedroom stock takes 40 days. Rental yields are modest: 3.2% for houses, 3.5–4.0% for units; weekly rents are $890 and $670–$680 respectively. The key constraint is affordability at the current entry point, and with vacancy and supply data absent, any sustained acceleration in house prices rests on conditions already priced in.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

577m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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