22 Raftree Street, Padstow Heights NSW 2211

2-bed single-level | 468m² with water views | cul-de-sac quiet | renovate-or-rebuild scope | low yield A compact single-level house is presented here, set on a 468m² block in a quiet cul-de-sac with water views that are unlikely to be built out. The 2-bedroom, 1-bathroom layout is smaller than much of the surrounding family stock, but a modern kitchen, polished floors, and split air conditioning make it immediately liveable. The real strength is found in the site: a manageable block with no identified overlays, and with scope to renovate, extend, or rebuild. This property is best suited to an entry-level detached-house buyer, a downsizer wanting single-level living, or a renovator prepared to add value over time. Value may be shaped more by land and position than by the current floor plan. The 2/1 configuration might limit comparison with larger family homes, and the low rental yield could be a consideration for investors. Opportunities to renovate, extend, or rebuild may support the price, provided the water views and cul-de-sac quiet are preserved. A final view on price should be formed with emphasis on the site’s alternative uses, rather than the existing house alone. >> Comparable Sales: 22 Raftree Street, $1.035M, Apr 2023; 6 Raftree Street, 5/2/2, 670m², sold Oct 2019 | Property Price Band: $1.3M-$1.4M | Value Drivers: water views, cul-de-sac position, land size, single-level condition