46 Maranoa Street, Auburn NSW 2144
46 Maranoa Street, Auburn NSW 2144
5-bed dual-occupancy config | 486m² level block | Combined rent $1,120/wk | Quiet Auburn street | Granny flat income edge
The property is configured as a three-bedroom front house with a modern two-bedroom granny flat, by which its rental capacity is effectively doubled on a mid-sized level block. Dual-occupancy housing of this type is rarely found in this pocket of Auburn, and the combined rental income of $1,120 per week is seen as a clear advantage over standard single-dwelling stock. The house is best suited to an investor seeking two income streams, or an extended family wanting separate living space. Its quiet street position, wide driveway, and fully fenced backyard are considered practical benefits for owner-occupiers.
A higher price than a standard house may be supported by the dual-occupancy configuration, but the value might be capped by the modest land size and the older front dwelling’s finish. Buyer perception could be influenced by the condition of the granny flat and the quality of the driveway and fencing. The absence of a heritage or flood overlay is considered a positive, though any future changes to local planning rules might affect the legality of the secondary dwelling. Steady rental demand should underpin investor interest.
>> Comparable Sales: 42 Maranoa Street (3-bed, 487m², sold $1.05M in 2016) and a similar dual-occupancy house on Berala Road (sold $1.12M in 2023) | Property Price Band: $1.1M–$1.2M | Value Drivers: dual-occupancy layout, land size, quiet street location
Detailed Independent Property Report prepared by PropCred Analyst team for 46 Maranoa Street, Auburn NSW 2144
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✕
2
Execution Risk
!
1
Market Insight
Auburn’s housing market is split between a strong house segment and an investor-oriented unit segment. Houses command a median around $1.54 million with 10% annual growth, while units sit near $595,000 with 6.4% growth and gross yields around 6%. Demand is led by couples with children, many in labourer occupations; owner-occupancy was 45% in 2021. High unit turnover (389 sales) confirms apartment appetite. Train access to Sydney CBD and good schools underpin family buying. Key constraints: house prices limit first-home entry, typical mortgage repayments of $1,800–$2,399 monthly, and ample unit supply. The market remains stable but interest-rate sensitive.