3/5 Bourne Street, Port Macquarie NSW 2444
3/5 Bourne Street, Port Macquarie NSW 2444
Coastal pocket | detached-house character | view premium | family/lifestyle demand | redevelopment interest
This property offers the classic Bourne Street advantage: a coastal position near Lighthouse Beach combined with detached-house scale and an east-facing elevation. The street’s character is established, with older builds sitting beside improved homes, and the surrounding blocks generally exceed 550m². That mix supports a family-oriented lifestyle while retaining strong view appeal. The property likely serves buyers seeking coastal amenity without abandoning practical space—families, downsizers, and lifestyle purchasers. The local demand is driven by owner-occupiers who value outdoor living, parking, and proximity to beach walks and eateries. The scarcity of immediate stock in this pocket adds to its competitive position.
Value may be influenced by the property’s precise view orientation and whether the title is freehold or strata. Condition and renovation level will matter, as older coastal homes often require attention to salt-air exposure and weatherproofing. The block’s shape and slope can affect redevelopment potential, and the presence of a workshop or extra garage may add utility. Buyers should weigh any future planning activity in the street, as infill pressure could alter sightlines or neighbourhood density. These factors, rather than the suburb’s general demand, are likely to drive the final price.
>> Comparable Sales: 36 Bourne St (2020) and 20 Bourne St | Property Price Band: $1.6M-$1.7M | Value Drivers: east-facing aspect, block size, garage capacity
Detailed Independent Property Report prepared by PropCred Analyst team for 3/5 Bourne Street, Port Macquarie NSW 2444
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Port Macquarie presents a two-speed market: houses are firmly in growth mode, with median prices between $869,466 and $921,500 and annual appreciation of 4.65–7.1%, while units have stalled at $600,000–$618,000 with 0–3% growth. Houses trade quickly-31–34 days on market-and weekly rents for houses reach $650–$660, against $495–$520 for units. Gross rental yields favour units at 4.37–4.4% versus 3.8–3.96% for houses, indicating stronger rental demand in that segment. Annual house sales volumes vary from 207 to 743, but consistent activity confirms durable demand. Sustained housing demand is the key forward driver.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
589m²
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