24 Plane Street, Gateshead NSW 2290

24 Plane Street, Gateshead NSW 2290
3-bed house, 563sqm block | strong rental yield | near schools | no overlays detected This property positions a buyer well in Gateshead’s market. The 563sqm land on a single level with 3 bedrooms and open-plan living offers a configuration that appeals to both owner-occupiers and investors, given the estimated $630 weekly rent. Being within catchment of Wiripaang Public and Hunter Sports High schools adds practical family appeal, while the 75% owner-occupied street suggests stable neighbourhood character. The estimated value around $836,000 sits slightly above the local median, which may reflect the land size and recent updates like air conditioning and built-in robes. The main risk is the inconsistency in recorded building size—140sqm versus 77sqm internal—which needs verification through the contract to avoid valuation surprises. No bushfire, flood, or heritage overlays are detected, reducing holding risk. The opportunity lies in the property’s recent rental activity in 2024, indicating proven tenant demand, and the potential to add value through further interior updates given the solid block size.
Detailed Independent Property Report prepared  by PropCred Analyst team for 24 Plane Street, Gateshead NSW 2290
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

This suburb exhibits a robust and dynamic housing market, characterised by strong recent price appreciation and exceptionally fast-moving sales, indicating high buyer competition. Demand appears to be driven by owner-occupiers seeking established housing, supported by solid rental fundamentals. Future growth will be contingent on sustained demand against the inherent constraint of limited sales volume, which may amplify price sensitivity to broader economic shifts.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

563m²

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