23 Hooka Creek Road, Berkeley NSW 2506
23 Hooka Creek Road, Berkeley NSW 2506
Elevated 664m² corner block | 3-bed house with granny flat potential | $650/week lease in place | suited to renovators and investors | presentation not turnkey
An elevated 664m² corner block is offered, a genuinely flexible site in Berkeley’s detached-house stock. A functional 3-bedroom layout is provided, and a lease at $650 per week is an investor drawcard. The strongest feature is found in the site: renovation, a granny flat, or modest redevelopment is enabled by the corner position, elevation, and land size without a premium finish. Best suited to buyers driven by land and future potential over move-in presentation. Location is practical, with the M1, lake, schools and shops nearby, so steady interest should be expected from households seeking commute convenience and lower-cost detached homes.
Value may be influenced by the unrenovated house and uncertain interior finish, so an update budget may be needed. The redevelopment and granny flat potential may justify an upper-end price, but should be tested against zoning and site constraints. The lease should also be checked for term and tenancy condition, as rental income is useful while plans are prepared.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Hooka Creek Road, Berkeley NSW 2506
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Berkeley, in the Illawarra near Wollongong, is positioned as a value-oriented market drawing families, first-home buyers, and investors to its schools, parks, and relatively affordable housing. House prices are firm, with a median of $820,000 and annual growth of 5.56%, supported by a tight 20-day selling period and a gross rental yield of 4.36%. Sales volume is modest at 121 houses over the past year, indicating a thin but active market. The unit segment is the soft spot, with medians at $780,000 and annual values down 3.70%, a clear constraint for apartment-focused buyers. The suburb’s long-run compound growth of 7.2% over a decade underpins its capital appreciation case, while location, amenities, and housing mix remain core structural drivers. Interest rate movements and broader economic conditions pose the principal downside risks, with the negative unit trend warranting attention. Overall, Berkeley offers stable house performance but a weaker attached-housing market.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 13 Hooka Creek Road sold $810,000 and 18 Hooka Creek Road sold $695,000 | Property Price Band: $800,000 to $900,000 | Value Drivers: elevated corner block, 664m² land, redevelopment and granny flat potential
Bedrooms
3
Bathroom
1
Parking
1
Land
664m²
URL has been copied successfully!