38 Fitzroy Street, Mayfield NSW 2304
38 Fitzroy Street, Mayfield NSW 2304
Detached house stock on Fitzroy Street | Low-rise, older residential pocket | Broad land-size range on street | Flood overlay possible in area | Owner-occupier and family demand
This property sits within an established inner-west Newcastle suburb where detached housing dominates and character homes are the norm. The street itself shows a mix of modest and larger lots, meaning this house could appeal to families seeking space near the city, or to buyers wanting a renovation project in a walkable, amenity-rich location. The area’s proximity to schools, parks, retail, and the CBD strengthens its appeal for long-term owner-occupiers rather than investors chasing high yields. If the house retains original features or offers flexible layout, it would compete well in a market that values period charm and convenience.
Value may be influenced by land size relative to neighbours, the extent of any renovations, and whether the house sits within a flood overlay, which could affect insurance and redevelopment potential. Parking configuration and internal condition will also shape buyer interest, as will the balance between original character and modern functionality. The property’s final price might hinge on how these factors compare with similar houses in the immediate area, particularly if the lot is smaller or larger than typical.
|| Comparable Sales: 32 Fitzroy Street sold 2024 for $1.32M; 61A Fitzroy Street valued near $976K | Property Price Band: $900K–$1.3M | Value Drivers: land size, renovation level, flood overlay status
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Fitzroy Street, Mayfield NSW 2304
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Mayfield East is a compact suburb with a population of 1,794, up 6.03% since 2016, anchored by a dominant 30-39 age cohort. Demand is driven by professionals, reflected in the occupational profile and household incomes up 32.39% over the five-year period. House prices have climbed sharply: medians of $1,014,000 (12.67% annual growth) and $1,030,000 (13.2%) from two recent sources, while a January 2026 estimate sits at $950,898. Market conditions are firm, with houses selling in a median 20 days and annual sales volume rising from 179 to 189. Rental demand remains solid, with house rents at $690-$700 weekly and units at $620, though gross yields are modest at 3.83% and 4.39% respectively. Units are the soft spot, with prices down 4.52% annually. Future growth appears constrained by affordability after rapid price appreciation and the underperforming unit segment, though limited rental supply—only 20 available properties—offers underlying support.
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PropCred Estimated Value
Comparable Sales: 32 Fitzroy Street sold 2024 for $1.32M; 61A Fitzroy Street valued near $976K | Property Price Band: $900K–$1.3M | Value Drivers: land size, renovation level, flood overlay status
Bedrooms
3
Bathroom
1
Parking
2
Land
612m²
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