47 Craiglands Avenue, Gordon NSW 2072
47 Craiglands Avenue, Gordon NSW 2072
Freestanding 1977 house | 56% site coverage | 85% owner-occupied street | Gordon 3-bed median $2.1m
This property offers a rare combination of a freestanding house on a 461m² lot with 56% building coverage, giving a buyer genuine redevelopment or extension optionality in a street where 85% of residents are owner-occupiers and 62% are long-term. The 1977 build, with floorboards and an outdoor entertainment deck, provides immediate livable condition while the low site coverage signals that a future buyer could add significant value through renovation or a second-storey extension. The property sits within the Gordon West Public School catchment and benefits from FTTP and 5G coverage, which, while not primary drivers, support a premium for families who work from home. This house best suits a buyer seeking a stable family home with a clear value-add pathway in a tightly held pocket.
The bushfire overlay is a material risk that may constrain some design options and increase insurance costs, and the 56% coverage means any extension will require careful council negotiation to maximise the site’s potential. The 2010 purchase price of $837,000 is irrelevant to today’s market, but the absence of recent street sales means the buyer must rely on broader Gordon comparables. The opportunity lies in acquiring a freestanding house in a strong owner-occupier suburb where supply is limited and demand from families remains consistent. Hold for medium-term capital growth, with a view to extending or renovating within five years to capture the site’s full value.
Detailed Independent Property Report prepared by PropCred Analyst team for 47 Craiglands Avenue, Gordon NSW 2072
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Gordon offers a blend of suburban tranquillity with strong city connectivity, appealing to established families and professionals. Demand is driven by this demographic seeking larger homes and accessible apartments, supported by high household incomes. The housing market has softened recently, while the unit segment shows resilience with positive rental yields. Future growth is underpinned by this sustained demand and a market position currently below its long-term trend, though sensitivity to broader economic conditions remains a noted consideration.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
461m²
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