3/124 Mima Street, Glenfield Park NSW 2650
3/124 Mima Street, Glenfield Park NSW 2650
freestanding villa | 416sqm land | solar + ducted climate | tenant-occupied | below suburb median
This property occupies a rare position in Glenfield Park as a freestanding villa on its own title with over 400 square metres of land, a configuration that typically commands a premium over strata-titled alternatives. The solar array and ducted gas heating and evaporative cooling reduce ongoing utility exposure, which strengthens the holding cost profile for an owner-occupier or investor. The current long-term tenant provides immediate income certainty, making this suitable for a buyer seeking a low-management entry into a suburb where median pricing sits well above this listing. The undercover alfresco and secure yard add practical liveability for a downsizer without compromising rental appeal.
The primary risk is the property’s classification ambiguity across platforms, which may create valuation friction with conservative lenders or insurers who treat it as a townhouse rather than a house. The 173-square-metre building area is unverified and should be confirmed through a physical inspection or independent measure. The school catchment, while functional, does not carry premium demand, and the suburb’s recent sales range suggests this price point may reflect condition or lease terms rather than a discount. For a buyer willing to verify the title and building dimensions, the land-to-price ratio and immediate rental income represent a defensible entry point with upside if the market continues its current trajectory.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3/124 Mima Street, Glenfield Park NSW 2650
Market Insight:
Glenfield Park is an established suburb attracting a diverse buyer base, from first-home buyers and downsizers to families and investors, drawn by its relative affordability and mix of housing. Demand is supported by its proven long-term growth trajectory and lower-maintenance apartment options. The market is currently active with houses selling quickly, reflecting strong recent price appreciation. Future growth is underpinned by its established performance, though its appeal to a broad demographic suggests sensitivity to broader economic conditions affecting affordability.