23 Riverside Cres, Haywards Bay NSW 2530
23 Riverside Cres, Haywards Bay NSW 2530
Owner-occupied street | 516sqm block | price above automated estimate | limited local sales evidence
This property presents a rare combination of a generous 516sqm block in a street where 95% of residents are owners, offering a level of neighbourhood stability and presentation standards that is increasingly difficult to find. The double garage and two-bathroom configuration on a three-bedroom layout gives it a practical edge for young families or downsizers who value space over bedroom count. For a buyer prioritising long-term land holding in a tightly held pocket of Haywards Bay, this house competes on block size and street character rather than on price alone.
The primary risk is that the $1.3 million guide sits notably above the automated valuation of $1.14 million, and with only two three-bedroom houses sold this year in Haywards Bay, there is thin recent sales evidence to support the premium. Buyers should verify whether the home has been substantially renovated since its 2005 sale, as the absence of recent sale history means condition is the key variable. The opportunity lies in negotiating on a property that may be overpriced relative to limited comparable data, particularly if the vendor is motivated by the low local transaction volume.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 23 Riverside Cres, Haywards Bay NSW 2530
Market Insight:
Haywards Bay is a family-oriented suburb with strong capital growth, driven by young families seeking established homes in a well-serviced catchment. Demand is robust, evidenced by rapid sales for larger houses, indicating a competitive market. Recent price appreciation has been significant, supported by solid infrastructure and a lack of development overlays. Future growth is underpinned by these fundamentals, though a constrained rental market presents a potential supply risk for investors.