28 Elanora Street, Coomba Park NSW 2428

28 Elanora Street, Coomba Park NSW 2428
92% confidence | price above estimate | no fire/flood overlay | rental yield supportive The gap between the list price and the estimated value carries a measurable cost-approximately $44,000 above the midpoint, which pressures near-term equity and cash flow if financing is tight. You absorb that premium now without comparable recent sales to validate it, and the April 2020 private treaty price offers no current anchor. The opportunity is the rental yield at $550 per week, which offsets carrying costs at current rates. For a buyer, this property is a hold: the rent covers the gap while the price adjusts to a validated sale. The competitive strength is the building envelope-245mยฒ on 614mยฒ with 40% coverage gives you a rare usable layout in a coastal market. The 8m roof height and 22m ground elevation reduce flood risk without an overlay, which is a structural advantage for insurance and resale. This house suits a buyer who needs immediate space and rental income, not a flip. To proceed, request the recent pest and building inspection and confirm the FTTN connection speed-that is the only value driver not fully supported by satellite data.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Coomba Park is a mature, established coastal suburb with a market defined by its older demographic and family-oriented households. Demand is driven by regional lifestyle appeal, supported by steady annual sales. Recent price trends show modest growth, with a market characterised by extended selling periods and a tight rental vacancy. Future growth is linked to its regional appeal, yet constrained by limited supply and the suburb’s below-average income profile.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

4

Land

613mยฒ

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