43 Phillip Street, Blakehurst NSW 2221
43 Phillip Street, Blakehurst NSW 2221
3-bed house on 673mΒ² level lot | 28% building coverage | Bald Face & Blakehurst High catchments | No overlays | 5G & HFC NBN
This house presents a competitively strong entry into the Blakehurst market, defined by its substantial and level land parcel with low site coverage, offering clear future utility. Its position within sought-after public school catchments and absence of environmental overlays provide a stable, family-oriented foundation with minimal regulatory risk. It serves the upgrading family or land-banking buyer seeking a low-maintenance asset in a conveninent location.
Decision hinges on reconciling the internal area discrepancy and dated 2020 condition report against a premium for land value. The compressed 23-day median market time demands prepared finance. Acquire for long-term hold, leveraging the land component; the modernised kitchen and bathroom mitigate immediate capital needs, supporting either occupancy or rental.
Recent comparable sales establish a credible value benchmark:
– A direct comparable sold at $1,830,000.
– Current listings are positioned at $1,949,000 and $1,840,000.
The property’s estimated value just under $2 million is consistent with this market activity, though the broad valuation range indicates high sensitivity to specific condition and presentation. This alignment supports the pricing as market-reflective, not aspirational.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Blakehurst is a well-established, family-centric suburb characterised by its leafy streets and waterfront appeal. Demand is driven primarily by professionals and managers seeking spacious homes in a quality school catchment area, supported by a high rate of outright ownership. The house market demonstrates robust capital growth, while the unit segment presents a divergent trend. Future prospects are underpinned by its enduring residential character and amenity access, though high price points and limited unit supply present notable affordability and diversity constraints.