46 Wren Street, Condell Park NSW 2200

46 Wren Street, Condell Park NSW 2200
5 bed family house | Wren Street Condell Park | 556sqm land | no overlays | 4 car spaces This property presents a rare configuration advantage for Condell Park: a five-bedroom layout on a 556sqm block with four car spaces and no flood, bushfire, or heritage constraints. The 38% building coverage leaves meaningful outdoor space, and the 2011 sales history shows a multi-split level design with formal and informal zones, appealing to families seeking separation. School catchment access to Wattawa Heights Public and Condell Park High strengthens its position for owner-occupiers, while the absence of overlays reduces holding risk and supports future renovation or subdivision potential. The property serves best a buyer wanting a large home with parking and expansion options in a stable Canterbury-Bankstown corridor. The main risk is the lack of recent sales history and reliance on estimated values around $1.63m, which may not reflect current market softening. The 2011 purchase price of $737,000 suggests significant capital growth, but the property has not been tested in a slower market. Opportunity lies in the land-to-building ratio and four-car capacity, which are uncommon and could attract premium buyers or tenants. Hold this property for medium-term family use or as a land bank with redevelopment optionality, avoiding overpaying against recent comparables like 48 Wren Street.
Detailed Independent Property Report prepared  by PropCred Analyst team for 46 Wren Street, Condell Park NSW 2200
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ! 1
Execution Risk ✓
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Market Insight

Condell Park presents a balanced market, attracting a diverse mix of families and first-home buyers drawn to its established housing and apartment options. Recent trends indicate a period of stability, with the market considered to be near its long-term equilibrium. This positioning suggests a measured outlook, supported by sustained demand across its varied property types.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

4

Land

556m²

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