3 Bennett Place Raymond Terrace NSW 2324
3 Bennett Place Raymond Terrace NSW 2324
3-bed house on 634mΒ² lot |Built 2001 with pool & solar |Recent $775K sale |4-car parking appeals to families|This three-bedroom house on a 634sqm block suits families or downsizers needing generous parking and low-maintenance outdoor space. The property delivers practical family living through its converted fourth bedroom, inground pool, and expansive alfresco area, all on a modestly sized lot that balances usability with upkeep ease. Built in 2001 with brick construction and recent updates like a six-year-old kitchen and three-year-old 6.2kW solar system, it positions as a solid mid-range option without demanding major renovations. Sitting in a quiet cul-de-sac within the Riverview Ridge estate, it benefits from school catchments and reliable NBN fibre plus 5G, enhancing everyday appeal for local commuters. Buyers drawn to similar homes here are typically families or couples valuing space for vehicles and recreation over extra bathrooms. Recent local sales of three-bed houses show medians around $750K, with this one achieving $775K after 54 days in January 2026, indicating steady demand but some negotiation room in a balanced market. Its lack of flood, bushfire or heritage overlays adds to the holding value, as does the 25% building coverage leaving room for future extensions. Long-term, the energy-efficient features and detached garage storage support resilience against rising utility costs, making it a pragmatic hold in a family-oriented pocket. Comparable properties nearby have tracked with suburb stability, underscoring its unflashy but reliable market niche.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Raymond Terrace is an affordable satellite town near Newcastle, with strong links to defence and industrial employment. It attracts families and investors seeking value and rental yield. Demand is supported by employment proximity and infrastructure. Socioeconomic factors and housing stock quality can limit rapid uplift. Price growth is moderate and tied to broader Newcastle trends. It remains a value-driven market.