26A O'Connell Avenue, Matraville NSW 2036
26A O’Connell Avenue, Matraville NSW 2036
4-bed family house | 645 sqm lot | off-market now | auction 23 May | Matraville
This property offers a rare combination of a large 645 sqm lot with four bedrooms and three bathrooms in a tightly held Matraville street, where 95% of properties are owner-occupied. The configuration supports both a family home and potential future value uplift, given the lot size and council area. It best suits a buyer seeking a long-term family residence with room to add value through renovation or redevelopment, in a market with a 77% auction clearance rate and a median price of $2.65 million.
The primary risk is the auction timeline, which may pressure a buyer into a competitive bidding environment without prior due diligence. The off-market status suggests limited exposure, but the scheduled auction on 23 May reduces negotiation flexibility. A buyer should secure a building and pest inspection before auction day, and consider a pre-auction offer if the vendor is open to it. Hold this property as a family home with an eye on future subdivision potential, given the lot size and Randwick council zoning.
Independent, Unbiased Research Report for this property by PropCred Analyst team
Market Insight:
Matraville presents a stable, well-established Eastern Suburbs market, currently trading near its long-term value trend. Demand is underpinned by its proven history of solid capital appreciation over decades. Recent price movements have been mixed, with a slower market for houses reflected in extended selling periods. Future growth is anchored to its historical performance trajectory, though the current cycle shows some price sensitivity.