4/28 Taree Street, Tuncurry NSW 2428
4/28 Taree Street, Tuncurry NSW 2428
2 bed unit | sunny balcony | lock-up garage | lake proximity | walkable shops
This unit presents a competitively positioned entry into a coastal village lifestyle, offering the practical combination of a secure garage and a private outdoor space in a highly walkable location. Its core strength is convenience, serving downsizers or investors seeking a low-maintenance property with immediate access to Tuncurry’s amenities and lakefront, which sustains consistent demand. The configuration is standard for the area, but its specific positioning within the building and proximity to the village centre provides a relative edge over more peripheral units.
The decision hinges on price discipline against recent sales velocity. The vendor’s current asking price reflects ambitious growth expectations not yet demonstrated by the building’s recent transaction history, introducing a premium risk. The commercial logic is to acquire at or near the evidenced market level, using the March 2024 sale of this identical unit as the anchor. This property is best held as a long-term lifestyle purchase or a yield-driven investment, not for short-term trading, given the modest historical growth profile.
Recent sales establish a clear value benchmark. The subject unit itself sold for $425,000 in March 2024. Another listing in the same building was marketed at $399,500 this year. This data suggests the current $475,000 ask commands a notable premium. For a buyer, this underscores the necessity of rigorous negotiation to align price with settled market evidence, not aspirational listings.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/28 Taree Street, Tuncurry NSW 2428
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Tuncurry is a coastal suburb with strong appeal to downsizers and retirees, driving steady demand for its diverse housing mix. The house market has demonstrated solid growth, while the unit segment has shown recent volatility. Future prospects are supported by planned local infrastructure upgrades, though the market’s elevated position and a significant proportion of strata apartments present notable considerations for buyers.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
1
Land
2708m²
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