24 Nicholson Cres, Toukley NSW 2263

24 Nicholson Cres, Toukley NSW 2263
3 bed, 1 bath, 2 car on 506m² | 1970 single-level with pool and reserve backdrop | Bushfire overlay flagged | Rental yield around 3.5% | Toukley family pocket This property holds a clear competitive edge through its combination of a fully fenced 506m² block, a detected swimming pool, and a peaceful reserve backdrop—features that are genuinely scarce in this price pocket and appeal directly to young families and downsizers seeking single-level coastal living. The 1970 build with floorboards and built-in robes offers a solid canvas for light renovation, and the modest 88–90m² internal footprint keeps maintenance low. It sits comfortably within Toukley’s established low-rise streetscape, where demand is driven by convenience to shops, beaches, and transport, making it a strong fit for owner-occupiers wanting lifestyle without strata fees, and for investors chasing steady rental interest in a family-oriented suburb. The bushfire overlay may introduce additional insurance costs or construction restrictions if major extensions are planned, which could temper some buyer enthusiasm. The older build era suggests potential for updating in kitchen or bathroom, and the 18% building coverage leaves room for future additions, subject to council approval. Rental estimates around $625–$645 per week point to moderate yield rather than high return, so value is more likely to come from capital growth in a rising coastal market than from immediate cash flow. Buyers should weigh the cost of any necessary upgrades against the strong land position and lifestyle appeal. || Comparable Sales: 29 Nicholson Cres sold $860k in 2023; 16 Nicholson Cres sold $853k in Jan 2026 | Property Price Band: $800k–$900k | Value Drivers: Condition and renovation level, pool and reserve aspect, land size relative to floor area
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Nicholson Cres, Toukley NSW 2263
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk 2
Execution Risk 2
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Market Insight

Toukley presents a compelling coastal lifestyle proposition, attracting a mature demographic seeking a relaxed community atmosphere. Demand is driven by this balanced lifestyle appeal, supporting steady rental growth. The housing market demonstrates solid capital appreciation, though units remain stagnant, and recent sales activity suggests a more cautious buyer sentiment with properties taking longer to sell. Future growth is underpinned by sustained rental demand, yet the market faces constraints from low transaction volumes and a bifurcated performance between houses and units.
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PropCred Estimated Value

Comparable Sales: 29 Nicholson Cres sold $860k in 2023; 16 Nicholson Cres sold $853k in Jan 2026 | Property Price Band: $800k–$900k | Value Drivers: Condition and renovation level, pool and reserve aspect, land size relative to floor area

Bedrooms

3

Bathroom

1

Parking

2

Land

544m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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