3 Withecombe Street, Rozelle NSW 2039

3 Withecombe Street, Rozelle NSW 2039
3-bed terrace with rare internal-access garage | north-west rear aspect with city glimpses | 1958 build updated to designer standard | compact 163m² block in Rozelle school catchment The property stands out among Rozelle’s terrace stock for its unusually complete configuration: three bedrooms, two bathrooms, and a garage with internal access are rarely combined on a block this size. The rear north-west orientation draws light into the open living spaces, while the upper-level outlook toward the city and Anzac Bridge adds a perceived value that many similar terraces lack. The interior has been renovated to a high standard, with stone-like kitchen surfaces, a Wolf cooktop, skylights, and a wood combustion fireplace, giving it a move-in-ready feel that appeals directly to professional couples and young families seeking school catchment access without renovation risk. The outdoor entertaining terrace, built-in BBQ, and tiered garden extend the usable space, making the most of the compact footprint. This property serves buyers who prioritise lifestyle convenience, character, and parking over land area, and it competes well against other renovated terraces in the immediate pocket. The limited 163–164m² land size may constrain future expansion, though the existing internal area of approximately 186m² already provides generous accommodation for a terrace. The absence of heritage or flood overlays could simplify future alterations, but any major changes would still be subject to council assessment. The strong growth from 2017 to the current guide suggests the property has tracked the inner-west market well; however, the low gross yield indicates that rental returns are secondary to owner-occupier appeal. The presence of a workshop/rumpus area and under-house storage adds flexibility, which might support a slightly higher price from buyers comparing against less versatile terraces. The single-car garage with internal access is a genuine differentiator that could narrow the gap between the asking range and what a motivated buyer is willing to pay.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Withecombe Street, Rozelle NSW 2039
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk 2
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Market Insight

Rozelle is an inner-west suburb blending heritage charm with modern convenience. Strong buyer interest relative to limited inventory supports quick sales: houses trade at a $2.315–$2.328 million median, with annual growth of 2.9%–5.8%, while units have fallen 10.9%–11.7% to a $1.28–$1.29 million median. Houses take 38 days on market, units 28. Median house rents are $1,100 weekly (up 15.8%) and units $790–$850 weekly, with gross yields of 2.5% for houses and 3.3%–3.4% for units. The market is assessed as undervalued below its long-term trend, but affordability and recent unit price weakness are key risks, alongside interest-rate sensitivity.
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PropCred Estimated Value

Comparable Sales: a renovated three-bed terrace on a 160m² block sold at $2.6M | a similar terrace with internal garage and city outlook traded at $2.85M | Property Price Band: $2.7M–$2.8M | Value Drivers: garage access, updated interior, north-west aspect and views

Bedrooms

3

Bathroom

2

Parking

1

Land

163m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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