63 Cardigan Road, Greenacre NSW 2190
63 Cardigan Road, Greenacre NSW 2190
3 bedrooms | 692m² lot | 32% building coverage | 5 off-street car spaces
The property’s 32% building coverage on a 692m² lot is its strongest competitive edge, offering rare expansion or subdivision potential in a family-oriented suburb where 66% of residents are owners and median prices for three-bedroom houses sit at $1.39m. With fibre to the premises and 5G coverage supporting modern living, the house suits a buyer seeking long-term hold with redevelopment optionality, particularly given the 1992 purchase history suggests low vendor cost basis.
The flood overlay is the primary risk, potentially limiting financing options and requiring insurance cost verification, while the single toilet for three bedrooms may deter some families. However, the 5 open car spaces and 39m ground elevation mitigate flood concerns for parking and drainage. This property should be acquired for its land value and held for capital growth, using the existing house as a rental income buffer while rezoning or subdivision is explored.
Detailed Independent Property Report prepared by PropCred Analyst team for 63 Cardigan Road, Greenacre NSW 2190
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✕
2
Market Insight
Greenacre presents a compelling, family-centric market with a distinct divergence between its robust house and more moderate unit segments. Demand is driven by young professional families, supported by strong income growth and population expansion. The house market exhibits exceptional recent growth and tight conditions, while units offer more stable, yield-focused investment. Future performance is underpinned by these demographic tailwinds, though sensitivity is indicated by current vendor discounting and a constrained supply of stock for sale.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
5
Land
692m²
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