44 Ritchie Cres, Taree NSW 2430

44 Ritchie Cres, Taree NSW 2430
Elevated river-side house | 3 bed 1 bath on 638m² | view-oriented brick facade | red front door | owner-occupier appeal Competitive strength is derived from an elevated river-side orientation, a scarce quality within an established pocket. The 638m² lot is practical, and a distinct street presence is created by the brick facade and red front door. The 3-bedroom, 1-bathroom configuration is smaller than premium street holdings, but genuine lifestyle appeal is formed by the view-focused setting. This property is best suited to owner-occupiers seeking an entry into a sought-after Taree address without paying for excessive land, and to buyers who value outlook and proximity over internal scale. Elevation and river scenery are consistently valued in this part of the suburb. Value may be shaped by the internal scale relative to the street, and how fully the outlook is enjoyed from the main living areas. Family buyers might be limited by the single bathroom, and access or maintenance concerns may be raised by the elevated position. Final price is likely to be shaped by how view, land size and presentation are weighed against nearby holdings. >> Comparable Sales: 42 Ritchie Cres sold for $1.19M (Sep 2023) | Property Price Band: $700K-$800K | Value Drivers: elevated river-side outlook, land size, brick presentation
Detailed Independent Property Report prepared  by PropCred Analyst team for 44 Ritchie Cres, Taree NSW 2430
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk
Income Risk ! 1
Execution Risk 2
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Market Insight

Taree, on the NSW Mid North Coast, is drawing families, first-home buyers and downsizers, priced well below metropolitan benchmarks. The median house price sits at $560,000 with 12% annual growth; units are $398,500, growing 17.21%. Houses sell in a median 44 days on 321 annual sales, while gross rental yields remain strong at 5.23% for houses and 5.56% for units, with median rents of $500 and $380 respectively. Supply is tight: only 55 new dwelling approvals annually over the past five years, though commercial approvals total $47.5 million this financial year. Population is projected to rise by 1,074 to 2041, requiring roughly 537 new dwellings. The key constraint is demographic – 73% of residents aged 65+ fall in the low-income range, which may temper future upgrading demand despite current affordability.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

-

Land

628m²

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