27 Turvey Street, Revesby NSW 2212
27 Turvey Street, Revesby NSW 2212
Detached house on 550m² | 15.24m frontage | 2-bed, 2-bath, 2-car | older build, redevelopment potential | strong land-to-dwelling ratio
This property offers a rare combination in Revesby: a genuinely detached house on a full-sized 550m² block with a wide 15.24m frontage. That width is the standout feature—it provides flexibility for a substantial renovation, a single-level rebuild, or a dual-occupancy proposal, subject to council approval. The current two-bedroom layout is modest, but the land is the real draw. For a buyer looking to create a tailored family home or secure a development site in a well-serviced suburb, this represents an opportunity to buy into location and land rather than paying a premium for someone else’s finished work. It suits owner-occupiers with a vision, as well as investors who value long-term capital growth over immediate rental yield.
The existing house is older and likely requires updating, which means the purchase price will reflect land value more than dwelling condition. That may be a positive if you intend to renovate or rebuild, but it also means you should budget for significant work—either cosmetic upgrades or a full construction project. The two-bedroom configuration may limit rental appeal compared to larger homes in the area, though the wide frontage and block size could support a future extension that addresses this. The lack of modern finishes and the dated layout may also narrow the pool of ready-to-move-in buyers, which could give you negotiating room. Weigh the cost of bringing the house to your standard against the long-term benefit of holding a prime block in this location.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Turvey Street, Revesby NSW 2212
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Revesby is a well-established Sydney suburb offering a mix of residential living and convenient amenities. The median house price sits around $1.6 million, with units near $1.1 million. House values grew 3.9–6.0% annually and units rose 11–12%, indicating stronger attached-market demand. Houses typically sell within 26–28 days, though one source records 87 days, pointing to uneven turnover; annual sales volume of roughly 177 houses reflects moderate liquidity. Rental yields are low for houses at 2.85% and modest for units at 3.7–4.2%, reinforcing price sensitivity. Demand is driven by access to broader Sydney infrastructure and a competitive market where homes and units move quickly. Future growth appears tied to infrastructure access and sustained buyer interest. Key risks include high entry prices, thin rental returns, and house selling times above the NSW average of 50 days in some periods, signalling affordability constraints.
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PropCred Estimated Value
Comparable Sales: 3-bed townhouse at 1/13-15 Turvey Street sold for $713,000; 3-bed villa at 27/12 Turvey Street sold for $870,000 in 2021 | Property Price Band: $1.3M–$1.4M | Value Drivers: land size and frontage, redevelopment potential, proximity to schools and transport
Bedrooms
2
Bathroom
2
Parking
2
Land
550m²
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