23 Butcherbird Cres, Elermore Vale NSW 2287
23 Butcherbird Cres, Elermore Vale NSW 2287
132 m² block | 2-bed configuration typical for this street | Est. $770k–$830k range | 15-day market tempo | Low confidence estimate
This property sits on a compact 132 m² block in an established suburban setting where mid-range house values cluster around the mid-$800k level. The configuration is likely a two-bedroom dwelling, which aligns with the modest block size and positions it as a practical entry point for first-home buyers or investors seeking lower-maintenance ownership. The suburb’s short average days on market of 15 suggest consistent buyer interest, while the 4–8% growth signals a stable rather than booming market. This property would best suit a buyer looking for a functional home in a catchment zone for Elermore Vale Public School and Glendale High School, where rental yield around 4–4.3% offers reasonable return potential.
The estimated value range of $770,000–$830,000 may be influenced by the 2017 sale price of $399,000, which could indicate significant capital growth or reflect changes in the property’s condition or market conditions since then. The low confidence in the estimate suggests limited comparable sales data, so a buyer should verify recent sales of similar-sized dwellings on this street. The compact land size may constrain future renovation or extension options, and the absence of detail on internal finishes, orientation, or zoning means a physical inspection is essential to assess whether the property’s true condition matches its price point. Any strata or easement considerations should also be clarified before forming a firm view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Butcherbird Cres, Elermore Vale NSW 2287
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Elermore Vale is a well-established Newcastle suburb attracting a diverse mix of families, first-home buyers, and investors, supported by strong local amenities. Demand is high, evidenced by rapid sales and low vacancy rates, driving robust recent price growth. Future performance is underpinned by this sustained demand, though the significant apartment supply and a market approaching fair value suggest moderated growth expectations ahead.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
132m²
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