37 Goorama Avenue, San Remo NSW 2262

37 Goorama Avenue, San Remo NSW 2262
4-bed lowset house | 556mยฒ block | 40% building coverage | NBN FTTN The propertyโ€™s 40% building coverage on a 556mยฒ block is its strongest structural advantage, leaving unusual scope for future extension or a secondary dwelling without compromising outdoor space. The four built-in bedrooms, separate living zones, and covered entertaining area make it a functional family home that competes well against newer builds in the same price band. Its position in San Remo, with no flood or bushfire overlay and easy M1 access, serves buyers seeking a low-risk entry into the Central Coast market where suburb growth has been 11.9%. The main risk is the single bathroom, which limits appeal to families with older children or tenants and may suppress resale velocity. The 2016 purchase price of $370,000 suggests the property has appreciated significantly, but the current valuation range of $806,000โ€“$820,000 leaves limited short-term capital gain upside. The rental yield of 3.4% is modest, though the estimated $675 per week offers reasonable holding cost coverage. Buyers should treat this as a hold-for-land-value play, not a flip.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 37 Goorama Avenue, San Remo NSW 2262
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Market Insight:

San Remo presents as an affordable entry point for family-oriented buyers, with its median house price well below the state average. Demand is driven by young families, evident in the suburb’s demographic profile, seeking value and space. The market exhibits strong recent capital growth and healthy turnover, indicating sustained buyer interest. Future growth is supported by this solid demand foundation, though the suburb’s relative affordability suggests it remains sensitive to broader economic and interest rate cycles.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

2

Land

556mยฒ

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