31 Burgess Avenue, Figtree NSW 2525

31 Burgess Avenue, Figtree NSW 2525
Large family block in Figtree | full renovation or knockdown rebuild | flexible zoning with subdivision potential | minutes to schools and beaches The property’s primary buying case rests on its unusually large 1,019m² block in a tightly held Figtree pocket, where site coverage of only 9% and no overlay restrictions give a buyer rare optionality. For a renovator, the existing 93m² house offers a low-cost entry to customise a family home in a catchment with strong school demand and 13.3% suburb growth. For a developer, the block’s dimensions and residential zoning support a potential subdivision, subject to council approval, which could unlock significant land value above the current dwelling’s condition. The principal risk is the house’s full renovation requirement, which will demand both capital and time before it becomes habitable or rentable, and the auction guide of $875,000 may not reflect the true cost of bringing the property to a modern standard. However, the absence of bushfire, flood, or heritage constraints removes common approval delays, and the block’s elevation and solar panels add passive holding benefits. A buyer should treat this as a land play with a temporary structure, budget for a complete rebuild or major renovation, and hold for medium-term capital growth driven by Figtree’s proximity to Wollongong and consistent buyer demand.
Detailed Independent Property Report prepared  by PropCred Analyst team for 31 Burgess Avenue, Figtree NSW 2525
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

Figtree is an established, family-centric suburb dominated by outright homeowners in detached houses. Demand is driven by families seeking larger homes, evidenced by strong sales activity for three-to-five-bedroom properties. Recent house price growth has been positive, supported by a tight sales market with properties transacting quickly. Future growth is underpinned by sustained family demand and a decade of significant capital appreciation, though the market faces constraints from limited available supply and variable performance in the unit sector.
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PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

-

Land

1019m²

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