58 Wallerawang Road, Portland NSW 2847
58 Wallerawang Road, Portland NSW 2847
This is a 3-bedroom, 2-bathroom house on a lot of approximately 894 square metres. It has been freshly updated and is positioned in a rural-suburban setting within the Lithgow council area.
What is competitively strong about this property is its updated condition combined with a generous land size, which is not common in this price segment of the suburb. The house is ready for immediate occupancy, removing the need for a buyer to budget for renovations. It serves best a local family or an investor seeking a low-maintenance entry point into the area, as the rental appraisal suggests a gross yield near 4.5 percent. The property sits below the typical top end of the local market, making it a practical choice for someone wanting more land than a standard block without paying a premium for a larger home.
Several factors may materially affect the value of this property. The lot size is smaller than some neighbouring blocks, which might limit its appeal to buyers seeking maximum space. The discrepancy between the listing price and some recorded estimates could indicate market uncertainty, so a buyer should verify recent comparable sales in the immediate street. The property’s age is not stated, but the fresh updates may mask underlying structural or service life issues that could require attention within a few years. These points are worth weighing when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 58 Wallerawang Road, Portland NSW 2847
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Portland presents as an affordable regional enclave with a mature demographic profile, where demand is currently driven by local owner-occupiers, evidenced by high outright ownership. Recent price trends show strong annual capital growth, though the market is characterised by moderate liquidity and extended selling periods. Future growth is linked to its relative affordability, yet the market faces constraints from its limited sales volume and sensitivity to broader regional price adjustments.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
669m²
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