3A Lasseter Avenue, Chifley NSW 2036
3A Lasseter Avenue, Chifley NSW 2036
New architectural build | 323mΒ² with district views | 78% site coverage | 4 bed plus pool | Above-median positioning
This property presents a competitively strong proposition as a newly constructed, high-specification family home in a coastal suburb, exceeding typical local stock. Its 78% building coverage and 252mΒ² internal area on a 323mΒ² block deliver a substantial modern footprint that capitalizes on the land, while features like the pool, four car spaces, and solar panels align with premium buyer expectations. The absence of bushfire or flood overlays removes significant due diligence hurdles, and its position within the catchments for two government schools directly serves family buyers seeking turnkey convenience and established amenity. This house is positioned above the local median for a reason, targeting buyers who value contemporary design, views, and a completed product without the risks of a build.
The primary decision hinges on paying a premium for newness and views within a suburb where the median is lower, accepting that the high site coverage limits future expansion or green space. The rental yield of 3.73% provides a solid income foundation if leveraged, though the commercial logic favours capital growth driven by its standout attributes among older neighbouring homes. Proceed with an offer reflecting its superior finish and scarcity as a new build in the area, but anchor it against recent sales; this property is best held as a long-term primary residence to fully amortize its quality over time, rather than a short-term investment.
A recent comparable sale at 7 Namoi Road, Matraville, a five-bedroom home, sold for $3.23 million two months ago. This nearby transaction helps benchmark the upper range for the area and supports the pricing ambition for this four-bedroom property, given its new construction and premium features.
Independent, Unbiased Research fromΒ our PropCred Analyst teamΒ
Market Insight:
Chifley is a tightly held, established suburb experiencing stable demand, primarily from middle-income, local owner-occupiers. The market is characterised by high property values and modest, steady capital growth, with houses transacting relatively quickly, indicating consistent buyer interest. Future performance will hinge on broader economic factors, given the suburb’s established nature and the absence of immediate, significant supply or infrastructure catalysts.