23 Queen Street, North Strathfield NSW 2137
23 Queen Street, North Strathfield NSW 2137
Solid brick character home | 3 bed, 2 car | ~370m² block | Redevelopment potential STCA
This property presents a competitively strong offering due to its combination of a generous, level block and solid brick construction in a well-established suburb. The configuration is rare for its land size, serving buyers seeking a move-in ready character home, a renovation project, or a strategic land bank. Its value is anchored by the underlying land parcel, with the existing house providing immediate utility while preserving future optionality.
Your decision hinges on resolving the block size discrepancy through a title check, as a 13m² variance materially impacts density calculations. The lack of recent comparable sales data introduces pricing uncertainty, making a professional valuation essential. Proceed only if acquiring the land component at a rate that justifies either holding costs or future construction. Our report would clarify the real market valuation, verify zoning and locality risks, and provide a due diligence checklist for site potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Queen Street, North Strathfield NSW 2137
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
North Strathfield is a suburb in high demand, positioned as a developing and sought-after location with excellent proximity to the city and superior transport infrastructure, including the new Metro. Demand is driven by its appeal to young professionals and families, supported by a demographic profile of young adults and family households. The housing market exhibits strong recent price growth, though conditions differ significantly between houses and units, with houses moving relatively quickly. Future growth is anchored in its ongoing development and connectivity, while a key constraint appears to be the more subdued performance of the unit segment.
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PropCred Estimated Value
Bedrooms
-
Bathroom
-
Parking
-
Land
375m²
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