44 Godfrey Street, Penshurst NSW 2222
44 Godfrey Street, Penshurst NSW 2222
3-bed classic brick | dual frontage | updated kitchen & bath | mid-sized lot | ready to move in
Presented as a well-maintained single-level brick house, the property is offered with a practical three-bedroom layout, a single bathroom, and two car spaces. Its dual street frontage is a distinct advantage, providing flexible access and a sense of openness rarely found on similar blocks. Positioned within an established residential pocket of Penshurst, the house is benefited by quiet streets, walkable access to schools, shops, and rail connections. The property is best suited to first-home buyers or small families seeking a move-in-ready home without immediate renovation demands. The kitchen and bathroom have been updated, and long-held family ownership is a reliable indicator of consistent care. The result is a solid, traditional family-house package in a competitive suburb.
Value may be shaped by the older brick construction, which, though solid, might need future updates. Price growth might be limited by the single bathroom and mid-sized land. Offset may be provided by dual frontage and good condition, supporting interest from buyers seeking convenience and move-in readiness. A part might also be played by local market dynamics.
>> Comparable Sales: 26 Godfrey Street sold for $1.985M | Property Price Band: $1.6M–$1.7M | Value Drivers: condition, land size, dual frontage
Detailed Independent Property Report prepared by PropCred Analyst team for 44 Godfrey Street, Penshurst NSW 2222
Checks found:
Value Risk
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1
Liquidity Risk
✕
2
Planning Risk
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1
Income Risk
✓
Execution Risk
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1
Market Insight
Penshurst, in Georges River LGA, is an established market where houses clearly outperform units. House demand is stronger, selling in about 50 days versus 74 for units, with moderate turnover of 22 houses and 15 units in the past quarter. Median house prices sit near $2 million, with annual growth reported between 3.1% and 11.9%; unit medians are around $700,000, showing slight declines or flat conditions. Gross rental yields are thin for houses at roughly 2.4–2.5%, while units yield about 4.4–4.6%. Future growth is supported by the $1 billion Hurstville redevelopment and upgrades to Penshurst Park and the Hurstville Aquatic Leisure Centre. Key constraints are thin house yields and softening unit prices, despite stronger unit rental returns.