24 Passey Avenue, Belmore NSW 2192

24 Passey Avenue, Belmore NSW 2192
1925 full-brick renovated character | ~481 m² block with study and solar | 3-bed, 2-bath family layout | Owner-occupier street, strong school proximity This house offers a rare combination of period integrity and modern functionality. The full-brick construction from 1925, now renovated with a contemporary kitchen, two bathrooms, and polished floors, provides move-in-ready comfort without sacrificing original charm. The study and solar PV system add practical everyday value, while the ~481 m² block offers generous outdoor space for a family. Sitting on a street dominated by owner-occupiers, it suits buyers seeking established character housing with land, close to schools, shops, and rail. The internal area of ~119 m² is modest, so the appeal lies in the land, the renovation quality, and the lifestyle convenience rather than sheer size. The 2011 purchase at $675k reflects significant price growth since, driven by the renovation and broader market movement. The estimated weekly rent of $975 suggests a modest yield, indicating this is more aligned with owner-occupier priorities than investor cash flow. The sun-drenched rear aspect, noted on a nearby comparable, may also apply here, enhancing the outdoor living appeal. Buyers should weigh the internal size against the land value and renovation standard, as these factors will likely shape the final price more than any single feature.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Passey Avenue, Belmore NSW 2192
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk
Execution Risk ! 1
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Market Insight

Belmore remains a tightly held family market, with 72 annual house sales and just eight listings recently. The 81% auction clearance for four-bedroom houses signals buyer depth, driven by established connectivity via Burwood Road and surrounding rail. Median house prices sit at $1.78 million, up 5.5% annually, while units trade at $650,000 with 4.8% growth. Houses spend 36 median days on market, reflecting absorption. Rental yields are slim for houses at 2.4%, stronger for units at 4.5%, supported by weekly rents to $870. Future constraints centre on affordability, with typical house values between $1.5 million and $2 million, and volatile growth readings spanning -1.59% to 5.95% across sources.
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PropCred Estimated Value

Comparable Sales: 21 Passey Ave sold Oct 2023, 3-bed 1-bath, similar renovated period home | Property Price Band: $1.6M–$1.7M | Value Drivers: Renovation quality, land size, character provenance, school catchment proximity

Bedrooms

3

Bathroom

2

Parking

1

Land

487m²

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