42 James Scott Cres, Lemon Tree Passage NSW 2319

42 James Scott Cres, Lemon Tree Passage NSW 2319
3 beds + 3 baths + 3 garages | 251m² living on 556m² block | Port Stephens with no overlays | Sold 2021, value now ~$908k. This property presents a compelling proposition based on its configuration and location fundamentals. The combination of three bedrooms, three bathrooms, and three car spaces is a relatively rare and highly functional layout for a house, offering significant flexibility for a multi-generational household, a buyer seeking a home office with separate facilities, or an investor targeting professional tenants who value ample private space and storage. Its substantial 251 square metre building footprint on a manageable block provides a sense of spaciousness without excessive land maintenance. The absence of bushfire, flood, or heritage overlays in Port Stephens Council removes considerable regulatory risk and insurance complexity, a clear advantage for both owner-occupiers and investors. The estimated rental range, particularly the high point, suggests solid demand for well-appointed homes in the area. The primary decision point rests on the price growth since its 2021 purchase. A buyer must scrutinise whether the local market conditions and the property’s specific attributes justify the approximately 38% increase in three years, as the absence of recent comparable sales in the results requires independent verification. The opportunity lies in acquiring a modern, low-risk house with a premium configuration in a stable coastal council area; the property is best held as a long-term family home or a strategic investment property, with the solar panels and FTTP connectivity providing operational cost savings and modern amenity. Proceed with an offer contingent on a bespoke valuation that confirms the premium for its unique bathroom and garage count against the broader suburb, as this feature is its principal value lever.
Detailed Independent Property Report prepared  by PropCred Analyst team for 42 James Scott Cres, Lemon Tree Passage NSW 2319
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk
Income Risk 2
Execution Risk
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Market Insight

Lemon Tree Passage is a mature, established coastal suburb characterised by a high proportion of outright homeowners in detached houses, creating a stable, low-turnover market. Demand is anchored by older couples and trades professionals, drawn to the water-access lifestyle and outright ownership. Recent price trends show moderate growth for houses, though units have experienced stronger appreciation, with sales volumes indicating steady activity. Future growth is linked to its coastal positioning, while key constraints include limited stock availability and potential affordability pressure from price variances.
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PropCred Estimated Value

Bedrooms

3

Bathroom

3

Parking

3

Land

556m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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