57 Mima Street, Glenfield Park NSW 2650
57 Mima Street, Glenfield Park NSW 2650
4 bed family house | 713sqm block | Glenfield Park | priced above median | 7 days on market
This property offers a rare combination of generous land size and multiple living zones in a suburb where 75% of residents are owner-occupiers, indicating stable demand. The 713sqm parcel is significantly larger than typical new builds in the area, and the four-bedroom configuration with two bathrooms suits families seeking room to grow. Being on Mima Street, where four recent sales confirm local liquidity, the house provides a foothold in a tight market with only 35 annual sales across the suburb. The 2013 last sale date suggests limited turnover, which can work in a buyer’s favour if negotiating from current list price.
The key risk is the list price sitting notably above the $706,000 median for four-bedroom houses in Glenfield Park, meaning the property may require a price adjustment to align with comparable sales. The 0% auction clearance rate in the area signals weak auction competition, favouring private treaty negotiation. With 25% rental properties locally, there is some tenant turnover risk, though the owner-occupied majority supports long-term value. A buyer should negotiate firmly below list, targeting a price that reflects the median premium for the larger block, and hold the property for at least five years to capture capital growth as the suburb matures.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 57 Mima Street, Glenfield Park NSW 2650
Market Insight:
Glenfield Park is an established suburb attracting a diverse buyer base, from first-home buyers and downsizers to families and investors, drawn by its relative affordability and mix of housing. Demand is supported by its proven long-term growth trajectory and lower-maintenance apartment options. The market is currently active with houses selling quickly, reflecting strong recent price appreciation. Future growth is underpinned by its established performance, though its appeal to a broad demographic suggests sensitivity to broader economic conditions affecting affordability.