24 Killarney Drive, Killarney Heights NSW 2087

Buyer risk | outdated interiors | split-level layout | strong street presence | over-improvement potential The property’s bi-fold terrace and skyline view are a genuine draw, but the split-level plan and dated bathrooms limit immediate occupancy and resale liquidity. A buyer assuming current condition as move-in-ready would overpay by roughly $250,000 relative to fully renovated comparables. The opportunity lies in acquiring a solid structure on a quiet 690m² lot for below-median replacement cost—this house works best as hold-and-refresh for an owner-occupier able to phase upgrades over three to five years. What sets this house apart is the rare combination of elevated frontage, rear-lane access, and permanent city views on a 70% owner-occupied street. The flexible bedroom count and study suit a family trading up from a three-bedroom flat, while the under-renovation kitchen and ensuite allow space to add value without structural work. Most local sales are turnkey homes; this one offers entry to an established enclave with a clear path to equity growth through selective modernisation. The strongest next move is to have your conveyancer confirm the 690m² boundary and any easements, then instruct a builder for a concise upgrade estimate—modest works here can lift value by $300,000 without triggering council revaluation.