3/118 Gladstone Avenue, Coniston NSW 2500
3/118 Gladstone Avenue, Coniston NSW 2500
rare ground-floor apartment | large private backyard | 2019 boutique build | flood overlay noted | downsizer or professional couple appeal
This property is competitively rare for Coniston as a ground-floor apartment with a genuinely large backyard, a configuration far more spacious and private than typical unit stock in the suburb. Its 2019 construction and two-bedroom, two-bathroom layout suit downsizers or professional couples who want low-maintenance living with house-like outdoor space. Being tucked at the rear of a boutique complex reinforces quietness and a sense of separation, which adds to its appeal for owner-occupiers seeking a calmer setting within an inner-urban location.
The flood overlay is the most material factor that may affect value or resale sentiment, potentially influencing insurance costs and buyer filtering. The property’s size and rare outdoor area may support a price premium over standard units, but the flood risk should be weighed carefully by any buyer. Ground-floor positioning also brings convenience but may limit natural light or privacy compared to upper levels, so inspecting aspect and neighbouring sightlines is recommended before forming a final view.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/118 Gladstone Avenue, Coniston NSW 2500
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Coniston presents a clear divergence between its established house market and a challenged unit sector. House values demonstrate stable, moderate growth supported by solid rental demand and low vacancy, indicating a market favoured by owner-occupiers and long-term investors seeking security. In contrast, the unit market is experiencing significant price correction, though this pressure yields higher rental returns. Future performance will hinge on broader affordability pressures and the suburb’s ability to attract sustained investment amidst a constrained sales environment.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1450m²
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