40 Koorangi Avenue, Elanora Heights NSW 2101
40 Koorangi Avenue, Elanora Heights NSW 2101
Large 836m² block | 5-bed family house | pool and deck | bushfire overlay noted
This is a competitively strong family property in a quiet Northern Beaches pocket where large blocks are the norm. The 836m² land size, combined with a 5-bedroom, 2-bathroom layout and an in-ground pool, positions it well for buyers seeking space, privacy, and outdoor entertaining without the need for immediate renovation. The detected floorboards, rumpus room, and secure parking add practical everyday appeal. It serves best the owner-occupier family wanting a solid, move-in-ready house with room to grow, or a buyer looking to hold a large parcel in a leafy, established street with strong school catchment access.
The bushfire overlay may influence insurance costs and some buyers’ comfort levels, but it is not unusual for this elevated, tree-lined area. The 21% building coverage leaves meaningful land for future extension or a granny flat, though any such plans would need council review. The property’s value may be shaped by how the current house condition compares to newer builds nearby, and whether the pool and outdoor areas are well-maintained. Buyers should weigh the trade-off between the large block and the older building footprint when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Koorangi Avenue, Elanora Heights NSW 2101
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
This established suburb, with a mature 44-year median age, is anchored by long-term residents, as 52% have held tenure for over a decade, creating a tightly held, low-turnover market. Demand is driven by owner-occupiers seeking stability, evidenced by just 53–56 house sales annually and a sharp 35-day median selling time. House prices have plateaued, sitting between $2.53m and $2.63m, with annual growth ranging from -1.5% to 3.1%, indicating a flat, two-speed market. The unit segment is weaker, with median prices at $1.54m and a 6.7% annual decline. Rental yields remain thin at roughly 3% for both houses and units, although weekly house rents command $750–$1,600, reflecting strong absolute values. Future growth is constrained by affordability barriers, rate sensitivity, and soft unit performance; the lack of major infrastructure catalysts and limited stock turnover suggest price stability rather than acceleration ahead.
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PropCred Estimated Value
Comparable Sales: 44 Koorangi Avenue sold $1.65M (2019); 24 Koorangi Avenue comparable large-block sales in similar range | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, pool and outdoor entertaining, 5-bedroom family layout
Bedrooms
5
Bathroom
2
Parking
1
Land
836m²
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