4/3 Richmond Mews, Mardi NSW 2259
4/3 Richmond Mews, Mardi NSW 2259
3-bed townhouse | 214m² land | mid-$500k band | bushfire overlay | 3/1/1 layout
This townhouse holds a clear competitive edge within Mardi’s housing stock, where detached houses dominate and compact strata living remains a smaller, less liquid segment. Its 3-bedroom, 1-bathroom configuration with a single car space suits first-home buyers, downsizers, and investors seeking low-maintenance living near Westfield Tuggerah, the M1 corridor, and Wyong station. The 214m² land component is generous for a townhouse, offering private courtyard potential rarely matched in newer builds, while the estate’s established character and shared amenities like pool and tennis access in parts of the complex add lifestyle appeal. Built between 1996 and 2002, the property reads as solid brick-and-tile construction with practical features like built-in robes and two toilets, making it a dependable, entry-level purchase in a quiet cul-de-sac pocket.
Value may be shaped by the bushfire overlay, which could influence insurance costs and lending appetite for some buyers, though no flood or heritage constraints apply. The mixed build ages across the complex might mean varying maintenance expectations, and the single bathroom could limit appeal for families compared to newer stock. Rental demand appears steady, with income potential around $565–$580 weekly, but yield likely sits near the mid-3% range, typical for townhouses in this corridor. Condition and presentation will matter most—units with modern updates or direct courtyard access may command a premium, while dated interiors might require price adjustment.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/3 Richmond Mews, Mardi NSW 2259
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Mardi, on the NSW Central Coast, is a compact family market. Dominant age groups are 40-49 and 0-9, with professional, upper-middle-income buyers. Demand rests on tight rentals—vacancy 0.76%, weekly house rent $665—and population growth of 6.9% to 3,681. The price picture is mixed: medians cluster around $1.03–$1.05 million, annual growth ranges from -2.7% to +18.6% across data sets, with 3-bed houses at $698,000 and 4-bed at $1.08 million. Houses turn quickly, averaging 13 days on market, with 53–58 annual sales. Future growth drivers include low supply and sustained rental demand, but gross yield is only 3.64%, and affordability and rate sensitivity remain constraints.
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PropCred Estimated Value
Comparable Sales: 4/4 Richmond Mews sold $560,000; 1/5-7 Richmond Mews sold $573,000 | Property Price Band: $550K–$650K | Value Drivers: condition, courtyard quality, estate amenity access
Bedrooms
3
Bathroom
1
Parking
1
Land
214m²
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