40 George Hely Cres, Killarney Vale NSW 2261
40 George Hely Cres, Killarney Vale NSW 2261
3 bed, 1 bath, single-storey house on 595-613 sqm. High-set lakeside position in Killarney Vale. Single carport. 105 sqm internal. Built likely 1980s-1990s. Last sold 2018.
The high-set lakeside position is the defining competitive advantage here, offering privacy and aspect that most single-storey homes on standard lots in this suburb simply cannot match. This property sits in a blue-chip pocket of Killarney Vale where the elevated terrain creates a premium feel without the premium price tag of waterfront. The land size is generous for the street and the configuration suits downsizers or families who prioritise outdoor space and location over internal square footage. It serves best a buyer who values aspect and quiet residential character over proximity to transport or shopping—someone willing to trade a second bathroom for a superior position.
The single bathroom is the most material constraint on value. In a market where two bathrooms are increasingly expected, this may limit the pool of buyers and cap price growth relative to comparable homes on similar land. The kitchen and bathroom were updated around 2018, so they may not feel fresh to a 2025 buyer, which could require a price adjustment or renovation budget. The carport is not enclosed, which may be a minor consideration for security-conscious buyers. The land size discrepancy between sources is negligible and should not affect valuation. These factors are worth weighing but do not undermine the property’s core strength—the position.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 George Hely Cres, Killarney Vale NSW 2261
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Killarney Vale presents a stable Central Coast market with a solid long-term growth trajectory. Demand is underpinned by steady buyer interest, evidenced by healthy sales volumes and competitive days on market for both sales and rentals. Recent price trends indicate a period of stabilisation following prior growth, with the market demonstrating resilience. Future performance is supported by consistent rental demand and sustained capital appreciation over extended periods, though the current environment suggests a measured pace of growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
613m²
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