58 Glassop Street, Yagoona NSW 2199
58 Glassop Street, Yagoona NSW 2199
Corner block ~705m² | 6-car parking | Original 2-bed fibro | R2 land | Land value dominates
The competitive strength of this property is found in its land configuration rather than the house itself. A roughly 700 m² corner parcel with capacity for six vehicles is considered uncommon in this older residential pocket, and the modest original fibro house is placed over only a small portion of the site. With R2 zoning, no detected overlays, and practical features such as timber floors, solar panels, and air conditioning, the house is kept immediately livable while the land is regarded as the dominant long-term factor. This property is best suited to a buyer seeking a large yard, exceptional parking, and school proximity, or to an investor holding for a future rebuild subject to approval.
Value may be influenced by the condition of the original fibro house, serviceable but not premium, and by whether the six-car capacity is presented as parking or development potential. R2 zoning may support renewal, but council approval is not guaranteed. The house’s price contribution might be limited by its modest 158 m² footprint and two-bedroom layout, leaving most value assigned to the land.
>> Comparable Sales: 99 Glassop St and 74 Glassop St, similar older houses on large blocks with recent street transactions around $1.2M to $1.3M | Property Price Band: $1.2M to $1.3M | Value Drivers: land size, corner position, parking capacity
Detailed Independent Property Report prepared by PropCred Analyst team for 58 Glassop Street, Yagoona NSW 2199
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
This suburb sits in a firmly premium segment, with median house prices around $1.4 million and annual growth of roughly 10–11.6%, while units average near $600,000 and have accelerated at 9.1–17.7% annually. Demand is split: owner-occupiers drive the house market, supported by tight conditions-houses sell in a median 30–33 days-and investors favour units, where gross yields of 4.7–5.3% and median rents of $610–620 per week outpace houses on return. House yields remain thin at 2.8–3.2%, reflecting strong capital appreciation rather than income appeal. Sales volumes are steady at 145–165 houses annually, indicating a liquid but not oversupplied market. Underlying demand is reinforced by a 33–38% long-term gain in house values since 2016, though affordability is now a clear constraint: high entry prices and low house yields leave limited room for rate rises, while unit yields soften the risk for investors but rely on sustained rental demand.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
6
Land
701m²
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