47 Raye Street, Tolland NSW 2650

Listed 3 days | 3-bed, 1-bath on 734m² | 65% owner-occupied street | quick school access | strong capital growth since 2020 The property’s strongest buying case lies in its land-to-improvement ratio and the street’s high owner-occupier rate, which typically supports stable values and lower turnover risk. The 734m² lot is generous for a 3-bedroom house in Tolland, offering configuration edge over median-sized blocks in the suburb. Proximity to Red Hill Public School within 200 metres makes this suitable for families seeking convenience, while the 28-day average days on market in the area suggests demand is absorbing listings quickly despite zero auction clearance. The 65% owner-occupier profile reinforces long-term holding potential. The main risk is the listing price sitting above the current estimate range of $400,000–$530,000, which may require negotiation to align with market evidence. The 2020 sale at $220,000 shows strong appreciation, but buyers should verify whether recent improvements justify the gap to the $575,000 ask. Rental demand in a 35% renter street provides a fallback if plans change. Hold for land value growth rather than short-term flipping.