29 Plunkett Drive, Lake Albert NSW 2650
29 Plunkett Drive, Lake Albert NSW 2650
Large 1859m² block | 532m² building | pool confirmed | blue-chip Lake Albert | 100% owner-occupied street
This property occupies a rare configuration: a 532m² home on a 1859m² block in a street with zero rental turnover, which compresses supply and insulates value. The 29% site coverage signals generous living space without sacrificing land, and the pool adds a lifestyle premium that aligns with family buyer demand in this suburb. The 6m roof height and elevation of 196m provide passive thermal advantage and flood-free positioning, which matters in this region. This house suits a buyer seeking a long-term family home with holding power, or an investor targeting the high end of the rental market where vacancy is structurally low.
The main risk is price discovery: the street has no recent sales, and the property’s estimated value range is wide at $1.67m–$2.07m. The buyer pays for being the first to test this price point. The 2016 purchase at $840,000 implies a land-plus-improvement cost base that is now trading at a significant premium, so the buyer must rely on future scarcity rather than past comparables. The opportunity lies in the block’s subdivision potential if zoning allows, but no overlay data confirms that. Hold this property for its positional scarcity and low turnover street, not for short-term capital gain.
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Plunkett Drive, Lake Albert NSW 2650
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
Market Insight
Lake Albert presents as a stable, family-oriented suburb with a strong owner-occupier presence, evidenced by consistent sales activity and a tight rental market. Demand is driven by professionals seeking established family homes, supported by a demographic profile of steady household incomes. Recent price trends show solid long-term capital growth, though some data indicates a recent moderation in the market’s momentum. Future growth will be underpinned by this sustained demand for quality housing, with a key risk being potential sensitivity to broader economic conditions that could temper short-term price performance.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
1860m²
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