5 Gwawley Parade, Miranda NSW 2228
5 Gwawley Parade, Miranda NSW 2228
Large flat block in Miranda | 3-bed single-level house | Auction May 30 | 74% clearance rate area
This property’s competitive strength lies in its rare 923–938 m² flat block in a family-oriented suburb with strong amenity access—Westfield Miranda, transport, and schools within 1 km. The single-level refreshed interior offers immediate livability, while the land size signals expansion or renovation potential that appeals to owner-occupiers seeking long-term value uplift. The 74% local auction clearance rate supports demand, and the estimated $1.8 million range positions it below comparable large-block sales, giving a buyer negotiating room. It best suits families or investors wanting a hold-and-improve strategy in a stable Sutherland Shire market.
Risk centers on the single bathroom, which limits appeal to some families and may require renovation expenditure of $30,000–$50,000 to add a second. The 2012 last sale price is not disclosed, so equity history is opaque, but the current estimate suggests moderate capital growth over 12 years. Opportunity lies in the flat block’s redevelopment potential—subdivision or dual occupancy could unlock significant value, though this requires council approval and additional capital. Hold this property for 5–7 years, renovate selectively, and consider a future DA to maximize land value.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Gwawley Parade, Miranda NSW 2228
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Miranda presents as a well-established, family-oriented suburb with a balanced mix of owner-occupiers and renters, supported by a diverse housing stock. Demand is primarily driven by families seeking larger homes, attracted by the area’s amenities and school catchments. The housing market demonstrates solid growth and competitive conditions, while the unit segment offers more accessible entry points. Long-term fundamentals are positive, though affordability for houses remains a key consideration alongside the suburb’s current position relative to its long-term value trend.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
923m²
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