33 Pearson Street, Narara NSW 2250
33 Pearson Street, Narara NSW 2250
1972-built 3-bed house | larger 607m² block | 4 car spaces | bushfire overlay | FTTP NBN
This property presents a competitively strong offering within its immediate streetscape, primarily due to its larger land parcel and superior parking configuration relative to typical Pearson Street stock. The dual bathrooms and four car spaces are functional advantages for a family buyer, while the long hold period of the previous owner suggests a stable, well-maintained holding. It best serves an owner-occupier seeking space and utility, or an investor attracted by the demonstrated rental yield from comparable homes, with the modern NBN connection supporting contemporary work-from-home needs.
The decision hinges on reconciling its older construction and bushfire overlay with the tangible scarcity of larger blocks in the area. The overlay imposes potential insurance and compliance costs, a direct risk mechanism for the buyer. The opportunity lies in the land component; its 20% building coverage allows for future expansion or improvement, offering a logical value-add pathway. Given the spread in estimated values, proceed with a price anchored to recent, direct street sales, positioning this as a long-term hold to capitalise on its underlying land value.
Recent sales on Pearson Street provide direct benchmarks:
– 15 Pearson St: Sold for $870,000 (3 bed, 1 bath, smaller land).
– 35 Pearson St: Estimated $982,000 (3 bed, 1 bath, similar land, strong long-term growth).
This property’s two bathrooms and larger block justify a premium over the $870k sale, yet it likely sits below the higher alternative estimates, aligning more closely with the core million-dollar estimate.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Pearson Street, Narara NSW 2250
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Narara presents as a high-growth suburb driven by strong affordability and chronic undersupply, attracting a professional demographic. Recent capital growth has been robust, with a notably fast-moving market for family homes. Future expansion is underpinned by sustained population growth and tight rental vacancy rates, though significant erosion of affordable rental stock poses a key constraint to entry-level buyers.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
4
Land
607m²
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