3/57 Frederick Street, Campsie NSW 2194
3/57 Frederick Street, Campsie NSW 2194
2/1/1 unit, small low-rise block | 645m² land-weighted site | flood overlay noted | same-building sales $495k-$550k | first-home and investor appeal
The property is presented as a compact two-bedroom unit within a small low-rise block, set on a substantial 645m² lot with a modest building footprint. This configuration is regarded as a rare land-weighted quality for apartment stock, which is typically traded at a premium in established suburbs. Recent transactions in the same building, recorded at $495,000 and $550,000, are understood to confirm a consistent buyer pool. The unit is considered best suited to first-home buyers seeking a foothold in a well-serviced suburb, or to investors drawn to steady rental demand in the mid-$500s per week.
The flood overlay may be viewed by lenders as a consideration, though its practical significance is likely determined by the unit’s floor level and the building’s site position. Rental return may be weighed by income-focused buyers against other low-maintenance options. Presentation, particularly the floorboards and balcony, is expected to influence sale price more than building age or configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/57 Frederick Street, Campsie NSW 2194
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Campsie’s dual-market profile reflects a 57.7% strata share: first-home buyers and investors anchor the unit segment around a $670,000 median, while families sustain a $1.862 million house median. House prices rose 4.9% annually, with units lagging at 3.08%, and houses spend an average of 26 days on market. Gross yields favour units (4.73% versus 2.31% for houses), reinforcing investor demand for apartments. A thin sales base—89 houses in 12 months—limits liquidity and amplifies price sensitivity.
PropCred Estimated Value
Comparable Sales: 1/57 Frederick Street sold at $495,000 (May 2024); 2/57 Frederick Street sold at $550,000 (Oct 2025) | Property Price Band: $450K-$550K | Value Drivers: presentation, floorboards and balcony, flood overlay