244 Elara Boulevard, Marsden Park NSW 2765

244 Elara Boulevard, Marsden Park NSW 2765
4 bed, 3 bath, dual living potential | no hazard overlays | FTTP & 5G connectivity | positioned in a high-turnover new estate. This property presents a competitively strong configuration for its precinct, offering a third bathroom where most comparable houses provide only two, a functional advantage for larger families or dual-income rental scenarios. Its lack of environmental overlays removes a layer of due diligence complexity and future insurance uncertainty, a clear point of differentiation in newer growth corridors. The house is best suited to an owner-occupier seeking modern finishes in an established streetscape, or an investor targeting the family rental demographic evidenced by consistent high-demand signals and premium weekly rents. Its position on a boulevard within a 200-property hub ensures liquidity, making it a standardised product in a active market. The primary decision hinges on paying a premium for its enhanced specification against recent sales; the price range sits at the upper quartile of the streetÂ’s transaction history. You are acquiring immediate rental yield compression, with estimated returns below 3.5%, accepting lower cash flow for capital growth exposure in a still-appreciating estate. The commercial logic involves leveraging its modern build and scarcity of three-bathroom stock to outperform simpler configurations in the next cycle. Proceed with a hold strategy of five to seven years to absorb establishment costs and realise the growth trajectory demonstrated by neighbouring properties with 5.5-7.6% annual gains. Recent sales on Elara Boulevard establish a clear value corridor: – 247 Elara Blvd: $1,600,000 for 4 bed, 3 bath, 2 car on 375m². – 181 Elara Blvd: $1,525,000 for 5 bed, 3 bath, 2 car on 416m². – 214 Elara Blvd: $1,210,000 for 4 bed, 2 bath, 2 car. – 194 Elara Blvd: $1,385,000 for 4 bed, 2 bath, 2 car. The subject propertyÂ’s asking price is validated by the premium achieved for three-bathroom homes, though it demands a direct comparison to the superior land size and fifth bedroom at 181 Elara Boulevard for $1.525 million. This data supports an offer towards the lower end of the advertised range to align value with its slightly smaller land parcel relative to the highest comparable sale.

Detailed analysis of this property prepared by our Principal Analyst: Real Market Valuation, Risks, Growth Considerations

Marsden Park is a high-growth, master-planned suburb in Sydney’s north-west, positioned for families seeking modern, larger homes. Demand is driven by this demographic, drawn by the suburb’s ongoing development and improving infrastructure. The housing market has demonstrated strong recent capital growth, supported by high sales volumes, while rental yields remain solid, indicating sustained investment appeal. Future growth is underpinned by significant development pipelines, though high entry prices and potential interest rate sensitivity present key considerations for buyers.

PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

2

Land

438m²

Built

Recent Assessments