389 Reddall Parade, Mount Warrigal NSW 2528
389 Reddall Parade, Mount Warrigal NSW 2528
Lake frontage townhouse | modern dual-level layout | strong rental yield | flood overlay flagged
This townhouse offers a rare configuration advantage: a waterfront-adjacent position with direct foreshore access in a low-maintenance format that typically commands detached-house premiums. The dual-level design with bedrooms separated from living areas serves downsizers and professional couples well, while the estimated rental yield of 4.6% signals solid investor demand. Its greatest competitive strength is the location itself—opposite Lake Illawarra—which narrows the buyer pool to those prioritising lifestyle over land, reducing future resale competition.
The flood overlay is the primary risk, requiring careful due diligence on insurance costs and council development restrictions. However, this overlay may also deter some buyers, potentially creating negotiation leverage for those willing to manage the exposure. The townhouse format limits privacy and outdoor space compared to detached homes, but the private courtyard and internal-access garage mitigate this. For buyers seeking a lifestyle-driven property with rental upside, this represents a well-priced entry point into a sought-after lakeside pocket.
Detailed Independent Property Report prepared by PropCred Analyst team for 389 Reddall Parade, Mount Warrigal NSW 2528
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Mount Warrigal is an established, family-oriented suburb characterised by a high rate of outright home ownership, with demand anchored by couples and families drawn to its lifestyle appeal and renovated housing stock. The market demonstrates stable, moderate price appreciation with balanced conditions, reflecting its maturity. Future growth is underpinned by its established desirability, though its low-density residential zoning and limited public transport represent inherent supply and accessibility constraints.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1436m²
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