24 Griffiths Street, Ermington NSW 2115
24 Griffiths Street, Ermington NSW 2115
3-bed family house | 563m² mid-sized lot | quiet mixed street | family-demand pocket
This is a straightforward family house on a solid 563m² block, sitting in a street that is almost entirely detached homes. The 3-bed, 1-bath, 1-car layout is practical rather than generous, but the land size gives real room for future extension or landscaping. It suits first-home buyers wanting to enter a well-located suburb, or investors seeking steady family tenant demand. The street’s mix of older cottages and newer renovations means the area is transitioning, and this house represents a more modest entry point into that market. Its strength is the balance of land, location, and liveable size—not standout features, but dependable family appeal.
The property’s value may be shaped by how its condition compares to nearby renovated homes, as buyers often pay a premium for modern finishes. The mid-sized lot offers flexibility, but without confirmed aspect or build age, its upside depends on what a buyer can add. Proximity to schools, transport, and parks supports solid demand, though the modest configuration might limit appeal to larger families. The absence of premium amenity or standout features means price expectations should centre on land value and location rather than the house itself. A buyer should weigh renovation potential against the cost of upgrading to match the street’s newer stock.
|| Comparable Sales: 11 Griffiths Street sold Jan 2026 as a renovated cottage; 10 Griffiths Street estimated near $1.998M for a larger 4-bed home | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, street position, renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Griffiths Street, Ermington NSW 2115
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
This suburb holds a premium, established position, with house values at a high entry point—median $1.93–$1.96M—while units sit around $800K, appealing to a distinctly more affluent buyer cohort. Demand is driven by well-capitalised owner-occupiers seeking low-density housing; the modest 2.3% house rental yield signals limited investor appetite at that price level. Unit demand, however, is firmer: prices rose 8.1–8.5% annually and yields reach 4.5%, making the segment the clear growth engine. House price movement over the past year is effectively flat—one index shows +0.6%, two show −1.0%—indicating a cooled, price-sensitive top end. The 42–43-day median listing time for houses suggests balanced conditions, not distress. Future upside hinges on constrained supply and steady owner-occupier demand; the chief constraint is affordability, which increasingly pushes purchasing activity toward units. High price points and the rate-sensitive economy remain key watchpoints.
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PropCred Estimated Value
Comparable Sales: 11 Griffiths Street sold Jan 2026 as a renovated cottage; 10 Griffiths Street estimated near $1.998M for a larger 4-bed home | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, street position, renovation potential
Bedrooms
3
Bathroom
1
Parking
1
Land
563m²
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