36 Bailey Street Brightwaters NSW 2264
36 Bailey Street Brightwaters NSW 2264
3 bed house on 487m² lot |Built 1995 low-maintenance brick/tile |Flood overlay noted |Est $798k-$910k range|Perfect first home buyers entry or investor hold. This three-bedroom house on a 487m² block suits first home buyers or investors seeking low-maintenance living near Lake Macquarie shores and school catchments. The modest land size and 40% building coverage deliver practical single-level living without excess yard demands, ideal for small families or downsizers. Sitting in a residential-zoned street with no bushfire or heritage constraints, it blends seamlessly among similar 1990s-era homes. First-time buyers drawn to its refreshed paint, new carpet and two-way bathroom setup often see it as move-in ready amid tight entry-level supply. Comparable three-beds on sub-500m² lots in the local area have held steady post-2017 sales around $450k, buoyed by lake proximity and NBN connectivity. Its long-term appeal stems from reliable school access including Bonnells Bay Public just 1.9km away, supporting family retention. Flood overlay tempers speculation but reinforces affordability for holding through cycles. In a market favoring compact, updated homes, this positions as a resilient mid-range option with rental yield potential over 3.5%. Market signals suggest scope for value growth as Brightwaters stock remains selective.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Bailey Street Brightwaters NSW 2264
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Brightwaters is a lakeside suburb offering lifestyle appeal within Lake Macquarie. It attracts families and retirees seeking water proximity. Demand is driven by lifestyle and relative affordability. Limited scale constrains broader appeal. Price growth is steady but moderate. It remains a mid-tier lake suburb.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
487m²
URL has been copied successfully!