51 Morgo Street, Urunga NSW 2455
51 Morgo Street, Urunga NSW 2455
3 bed house | 728m² block | Urunga coastal town | last traded 2020/21 | now re-priced higher
This is a straightforward three-bedroom house on a mid-sized coastal block, a configuration that remains in steady demand among owner-occupiers and investors seeking low-density regional living. The 728m² land component provides practical outdoor space and future flexibility without being oversized for maintenance. Its position in Urunga, a smaller coastal town with walkable amenity, suits buyers prioritising lifestyle over proximity to major employment hubs. The property’s strongest competitive edge is its land-to-dwelling ratio on a single title, which is increasingly rare in coastal markets that are seeing more subdivision and townhouse development. This house serves best a downsizer moving from a larger property, a young family wanting a manageable yard, or an investor targeting stable regional demand.
The historical contract price of $690,000 in late 2020 provides a clear baseline for capital growth, but the current market context may have shifted materially since that transaction. Factors that could influence value include the property’s finish level and renovation status, which are not publicly detailed, as well as any flood or easement constraints that might affect the block’s usability. The absence of recent comparable sales nearby means price formation relies more on broader market trends than local evidence. Buyers should weigh whether the current asking range reflects genuine market support or aspirational pricing, and may want to verify the building’s age and condition before forming a view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Morgo Street, Urunga NSW 2455
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Urunga presents as a coastal suburb with a diverse housing market, attracting both established families and first-home buyers. Demand is driven by its mix of property types, from houses to more affordable units, catering to a range of lifestyles. Recent price trends show a dynamic market with strong house price growth, though unit performance is less clear due to limited sales data. Future growth is underpinned by its coastal appeal and active transaction volume, yet key constraints include a notable variance in house prices and a relatively high average time on market for some properties.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
-
Land
728m²
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