332 Marion Street, Condell Park NSW 2200

Fully renovated family home | four-bedroom plus pool configuration | 557m² land with STCA potential | single listing on established street This property presents a competitively strong offering as a turnkey, large-format family home in a settled location, distinguished by its complete renovation and suite of premium lifestyle additions including a cinema room, gym, and pool. The four-bedroom, four-bathroom configuration is rare for the area and directly serves the needs of a large or multi-generational family seeking immediate occupancy without compromise. Its position as the only current listing on a street of 235 properties indicates a tightly held locale, suggesting inherent demand when quality stock becomes available. The 557 square metre block with a 15-metre frontage and noted potential for council-approved projects provides a tangible land bank that underpins long-term value, catering to both the end-user and the strategic holder. The decision hinges on acknowledging that premium pricing is already reflected in the renovation, leaving less immediate equity gain from cosmetic improvement. The primary risk mechanism is the market’s validation of this premium, as the property must now compete against newer constructions or more land-dominant offerings; this costs the buyer the opportunity for value-add through renovation. The commercial opportunity lies in the land component and the STCA provisions, which allow for future densification or redevelopment, making strategic land banking a logical secondary use. The judgment call is to acquire as a long-term family holding, leveraging its immediate functionality while the land asset matures, rather than seeking short-term resale. Recent sales on Marion Street provide critical context: – 304 Marion St (4 bed, 2 bath): Sold $1.801m, 8.34% annual growth over 11 years. – 324 Marion St (4 bed, 3 bath): Sold $1.5m, 10.20% annual growth over 5 years. – 1/380 Marion St (0 bed, 6 park, likely development site): Sold $1.75m. – 14/398 Marion St (unit with 3 parking): Sold $544k. This data confirms strong, sustained capital growth for houses on the street, with development sites commanding high values. The subject property, with superior bedroom and bathroom count and premium finishes, should logically command a price point at or above the top of this range, justifying a premium for its enhanced configuration and move-in condition.