5 Reliance Place, Illawong NSW 2234

5 Reliance Place, Illawong NSW 2234
Large 2,005 m² block | 4-bed family house with tennis court and pool | Quiet cul-de-sac setting | Strong school catchment | Premium land holding for Illawong This property stands out for its exceptional land size, more than double what is typical in the area, giving it rare privacy and outdoor potential. The 292 m² building footprint is substantial, and the combination of a tennis court, above-ground pool, and fully fenced grounds creates a self-contained family retreat. With solar panels, ducted heating and cooling, and reverse-cycle air conditioning, the house is equipped for comfortable year-round living. It is best suited to established local families or upgraders seeking a long-term home with space for children and entertaining, rather than investors or first-time buyers. The value of this property may be influenced by its premium land component, which could appeal to buyers looking to renovate, extend, or simply enjoy the generous block. The lack of flood, bushfire, or heritage overlays reduces regulatory risk, while the school catchment for Illawong Public and Menai High adds family appeal. The estimated rent of $1,000 per week suggests a modest yield, so buyers should weigh owner-occupier demand against rental potential. The property’s condition and presentation will likely be a key factor in how it compares to other large family homes in the suburb. || Comparable Sales: 2A Ocean Place, Illawong (5-bed, 3,124 m²) sold at a premium; 5 Karangi Place (5-bed, 1,110 m²) also strong | Property Price Band: $2.0M–$2.2M | Value Drivers: land size, tennis court and pool, school catchment
Detailed Independent Property Report prepared  by PropCred Analyst team for 5 Reliance Place, Illawong NSW 2234
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk 2
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Market Insight

Illawong is a leafy, elevated suburb in southern Sydney offering large homes and a family-oriented environment. It attracts established families seeking space and lifestyle. Demand is driven by schooling, amenity and low-density housing. Distance from rail is a key constraint. Price growth is steady but not exceptional. It sits as a mid-to-upper tier suburban market.
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PropCred Estimated Value

Comparable Sales: 2A Ocean Place, Illawong (5-bed, 3,124 m²) sold at a premium; 5 Karangi Place (5-bed, 1,110 m²) also strong | Property Price Band: $2.0M–$2.2M | Value Drivers: land size, tennis court and pool, school catchment

Bedrooms

4

Bathroom

3

Parking

4

Land

2006m²

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