38 Cuthbert Drive, Mount Warrigal NSW 2528

Four-bedroom family home | Established Mount Warrigal street | Strong long-term tenure | Near government schools This property presents a competitively sized family home on a standard block within a stable, owner-occupied street, where a majority of residents have held for over a decade. Its configuration suits a family seeking established catchment access to Lake Illawarra High and Mount Warrigal Public schools, with a price positioning that aligns with recent sales of larger, renovated homes on the same road, suggesting entry-point value for the area. The primary risk is the dated transactional history, with no recent comparable sale of a directly equivalent, unrenovated four-bedroom home to firmly anchor its value against the guide. This necessitates a discount to the higher-performing, upgraded sales. The opportunity lies in acquiring into a high-tenure neighbourhood with demonstrated long-term capital growth, best held as a long-term family residence with a view to modernisation. Recent sales on Cuthbert Drive show clear value tiers: – 57 Cuthbert Dr (4 bed, 3 bath) sold for $1,235,000, achieving 11.00% annual growth. – 40 & 30 Cuthbert Dr (5 bed homes) sold for $1.2m and $1.254m respectively. – 134 Cuthbert Dr (3 bed, 1 bath) sold for $875,000. This establishes a benchmark where three-bedroom homes trade below $900,000, while four- and five-bedroom homes command premiums above $1.2 million. The subject property, as a four-bedroom home, must be critically assessed against the $1.235 million sale at number 57, which likely featured superior finishes or condition.