27/24 Watt Street, Gosford NSW 2250
27/24 Watt Street, Gosford NSW 2250
142m² 2-bed unit | Level 6 lift | Near Gosford station | Modern secure complex
An unusually large 142 m² floor area is offered by this two-bedroom unit, which is situated on Level 6 in a modern secure complex with lift access. Two bathrooms and one car space are provided as part of its practical layout for central Gosford living. The short walk to the train station is considered a key convenience for commuters. This apartment is best suited to first home buyers, professionals, and downsizers who prioritise internal space over outdoor land. The combination of generous floor plan, secure building, and station proximity is seen as a competitive edge over smaller units in the local market. As a flat, it is positioned among the more spacious options in Gosford’s apartment stock.
Value may be affected by the internal condition and finish level, which are not publicly confirmed. Price opportunities might be linked to ongoing infrastructure near the station and the building’s modern characteristics. The large floor area could be weighed against the absence of balcony space, which may be considered a drawback for some households. Market pricing might be influenced by recent sales within the same building, as variations by level and aspect are evident, so a thorough inspection is advised before a final view is formed.
>>Comparable Sales: 29/24 Watt Street sold at $800,000; 27/24 Watt Street sold at $620,000 in Feb 2024 | Property Price Band: $700,000-$800,000 | Value Drivers: large 142 m² floor area, Level 6 lift access, station proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 27/24 Watt Street, Gosford NSW 2250
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Gosford is a growing urban centre anchored by CBD revitalisation and the Gosford Waterfront development, with demand driven by young professionals, investors and families attracted to a strong rental market. House prices sit near $970,000, but the market is cooling, with annual growth down 2.5% and houses taking about 107 days to sell against just seven to eight transactions over the past year. Units present a firmer picture: median prices of $570,000–$585,000 have risen 2.7% over 12 months, sell in roughly 26 days and offer a 5.24% gross yield, well above houses at 3.4%. Weekly rents range from $580 for houses to a similar level for units, with some evidence of stronger asking rents for units. Future upside rests on ongoing infrastructure investment and population growth, though interest rate sensitivity and limited house turnover remain key constraints, with average settlement times around 54 days indicating a cautious but active buyer pool.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
650m²
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