3 Elm Place, Banora Point NSW 2486
3 Elm Place, Banora Point NSW 2486
Single-level family home | 843m² block | quiet tree-lined street | dual living zones
The property’s competitive strength lies in its rare combination of a generous single-level layout on 843m² within a quiet street that shows minimal recent turnover, which typically supports stronger buyer demand and price stability. The two separate living areas and low-maintenance design position it well for families seeking space without ongoing upkeep, making it a practical choice in Banora Point’s active market.
The limited sales history on Elm Place presents both a risk and an opportunity: limited recent comparable data may make valuation less certain, but it also suggests less competition and potential for price negotiation. The estimated value range of $1.22 million to $1.62 million indicates room for a buyer to secure the property below the upper end if market conditions soften.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Elm Place, Banora Point NSW 2486
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Market Insight:
Banora Point presents as a mature, high-demand coastal market, characterised by strong capital appreciation and a notably active sales environment. Demand is driven by its established residential appeal, attracting both owner-occupiers and investors, as evidenced by rapid sales and significant rental growth. The market exhibits robust price momentum across both houses and units, with conditions favouring sellers given low average days on market. Future growth is underpinned by sustained buyer interest and tight rental conditions, though the established price point may present an affordability constraint for some entrants.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
843m²
Assessments Delivered Today
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