51/40 Applegum Cres, North Kellyville NSW 2155

51/40 Applegum Cres, North Kellyville NSW 2155
1 bed + study | 2 car spaces | Grey Gum Estate | sold 2022 $650,5k | 125m² lot This unit’s configuration is its strongest competitive signal. A one-bedroom apartment with two dedicated parking spaces and a separate multipurpose room is uncommon in North Kellyville’s modern apartment stock, giving it an edge for buyers who need flexibility without moving to a two-bedroom format. The 125-square-metre lot is generous for a unit of this type, and the Grey Gum Estate setting places it within a planned residential pocket that balances estate amenity with proximity to shops and schools. The property best suits first-home buyers seeking room to grow into a study or home office, downsizers who want low-maintenance living with extra car space, and investors targeting professionals who value parking and layout over pure floor count. The 2022 sale price of $650,500 provides a recent transaction anchor, but value may be influenced by how the strata complex is managed and whether any special levies are pending. The study room’s legal status as a habitable space or a multipurpose area might affect financing or resale appeal for buyers who need a second bedroom. Parking provision is strong, but if the complex lacks lift access or air-conditioning, those omissions could temper price growth compared to fully featured stock. The broader estate’s development pace and any future infrastructure changes may shift demand, so reviewing strata records and recent comparable sales in the same complex is advisable before forming a price view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 51/40 Applegum Cres, North Kellyville NSW 2155
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk ! 1
Execution Risk
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Market Insight

North Kellyville is a family-focused suburb in Sydney’s Hills District, characterised by strong demand for spacious homes and supported by quality schools. Established families and downsizers are key drivers, drawn to its mix of houses and apartments. The market demonstrates robust price growth and healthy sales activity, with houses selling relatively quickly. Future growth is underpinned by ongoing infrastructure development and sustained rental demand, though high entry prices present a notable affordability constraint.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

2

Land

125m²

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