40 Clarke Street, Narrabeen NSW 2101
40 Clarke Street, Narrabeen NSW 2101
881 m² block | 2-bed vs 4-bed records | lake-beach suburb | bushfire caution | family catchments
This property is positioned on a substantial 881 m² parcel, a size that is rarely found in this tightly held Narrabeen pocket. The land is considered the primary strength, with ample scope for future extension or redevelopment being provided, subject to council approvals. The dwelling is recorded with two bedrooms in one source, while a four-bedroom configuration is indicated by another record, which is interpreted as a possible recent renovation or an alternative floor plan. For families, the proximity to Narrabeen Lakes Public School and the broader lifestyle amenity is a strong draw. The house is best suited to a buyer seeking a land-rich family property with the flexibility to modernise or adapt the internal layout to their preferences.
The value of this property may be influenced by the bushfire risk designation, which is regarded as a potential concern for insurers and some buyers. The ambiguity between the two- and four-bedroom configurations might have an effect on the appraisal, with the higher configuration potentially being aligned with a land premium. The large lot size is likely to be a significant value driver, as the local market favours land-rich properties. The property’s value may also be supported by proximity to amenities and the strong family demand in the area, though the actual condition and presentation of the dwelling are expected to require careful inspection. These factors are advised to be weighed when forming a view on the price.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Clarke Street, Narrabeen NSW 2101
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Narrabeen, on Sydney’s Northern Beaches, remains a tightly held coastal market: just 27 house sales in the past year, 60 days on market, and a median price of $4.25m after 41.67% annual growth. Units are softer – median $1.21m, down 6.56% annually, with 179 sales and 42 days on market. Long-term fundamentals are stronger: 5.8% compound growth over 36 years and a 130.8% decade gain to $1.985m. Lifestyle demand keeps pressure on freehold stock, but 59.5% of properties are strata-titled, limiting supply. Rental yields are modest: 2.43% for houses and 3.39% for units, with weekly rents of $898 and $825 respectively. Future appreciation hinges on rate settings; the market sits below its long-term trend, though recent stabilisation suggests a floor.
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PropCred Estimated Value
Comparable Sales: 46 Clarke Street sold $1,635,000; 48 Clarke Street sold $1,880,000 | Property Price Band: $1.6M–$1.7M | Value Drivers: large land size, lake/beach location, redevelopment potential
Bedrooms
2
Bathroom
1
Parking
1
Land
881m²
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