228 Sylvania Road, Miranda NSW 2228
228 Sylvania Road, Miranda NSW 2228
Suburban house on 524m² | 3-bed original character | granite kitchen and timber floors | gated yard with garage | renovation upside
This property occupies a practical middle ground in Miranda’s established housing market. Its 524m² block is slightly tighter than the street’s typical 600m²-plus lots, but the freestanding format, gated grassed yard, and single garage give it a genuine family-house feel that units and townhouses cannot match. The granite kitchen, dishwasher, and timber floorboards lift the everyday experience well beyond untouched postwar stock, while the original bathroom and sunroom/study offer clear scope for a buyer to add value without taking on a full rebuild. That combination—move-in ready but not finished—serves first-home buyers, young families, and investors best, especially given the proximity to Miranda Station, Westfield, and both school catchments. The house is not a showpiece, but it is honest, light-filled, and positioned to benefit from the suburb’s steady demand for low-maintenance family homes.
The main value considerations centre on the bathroom’s dated condition and the land size relative to neighbouring blocks. A bathroom refresh might cost $20,000–$35,000 and would meaningfully modernise the property’s appeal, while the slightly smaller lot may limit duplex or subdivision potential compared to larger Sylvania Road holdings. The property’s position on a busier corridor could also affect some buyers’ perception of privacy and noise, though this is typical for the street and unlikely to suppress demand from those prioritising convenience. The original bathroom and modest land are the two factors most likely to shape negotiation, as they represent tangible improvement costs and redevelopment constraints that a buyer will weigh against the property’s otherwise solid presentation and location.
Detailed Independent Property Report prepared by PropCred Analyst team for 228 Sylvania Road, Miranda NSW 2228
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Miranda, in the Sutherland Shire, is a family-oriented market with 66% owner-occupiers and roughly half apartments, attracting buyers seeking larger homes with gardens. House prices range $1.87m–$1.94m, up 7–8% annually; units are $855k–$940k, with yields of 2.8% and 4.1% respectively. Homes sell in 30–42 days, though transaction volumes are thin (169–482 sales). Long-term capital growth is steady (4.2% CAGR over 20 years), and the market sits below long-term trend entering 2026. Constraints: a $1.95m median house price, affordability pressure, and just 41 listings, limiting supply flexibility.
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PropCred Estimated Value
Comparable Sales: 280B Sylvania Road duplex sold $1.979M; 221 Sylvania Road listed $2.2M on 639m² | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, bathroom condition, kitchen and floor finishes, proximity to transport and schools
Bedrooms
3
Bathroom
2
Parking
4
Land
515m²
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