28 Ridgewood Cres, Eleebana NSW 2282
28 Ridgewood Cres, Eleebana NSW 2282
5 beds | 4 baths | 766mยฒ | 95% owner-occupied street | 3 days on market
This property presents a rare configuration advantage in Eleebana, offering five bedrooms and four bathrooms on a 766mยฒ lotโwell above the suburbโs median for this category. The street profile, with 95% owner-occupancy and 69% long-term residents, signals low turnover and high desirability, positioning this house as a stable family holding. It is best suited for buyers seeking space and privacy in a tightly held location, where the combination of land size and room count provides a competitive edge against newer, smaller listings.
The primary risk is the absence of recent comparable sales data for this specific property, last transacted in 1994, which may introduce valuation uncertainty. However, the broader Eleebana market shows 23 five-bedroom sales this year with an average 81 days on market, indicating steady demand. The opportunity lies in the propertyโs early days on marketโonly three daysโallowing a buyer to negotiate before wider interest builds, particularly given the 17% auction clearance rate suggests selective bidding.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 28 Ridgewood Cres, Eleebana NSW 2282
Market Insight:
Eleebana is a well-established Lake Macquarie suburb characterised by steady family demand, evidenced by consistent sales of three-to-five-bedroom homes. This demographic drives a resilient market with solid rental interest, supporting investor activity. Recent price trends show robust annual growth, with houses transacting efficiently, indicating sustained buyer competition. Future performance is underpinned by this established appeal, though the premium price point presents an affordability consideration for new entrants.