65 Burbank Avenue, Picnic Point NSW 2213
65 Burbank Avenue, Picnic Point NSW 2213
Large waterfront-adjacent parcel | 5-bed family house on 1212m² | Flood overlay noted | Prestige street, low turnover | Strong owner-occupier demand
This house offers a rare combination of scale and position within Picnic Point. The 1212m² land holding is materially larger than typical suburban stock, and the 269m² building footprint supports a genuine five-bedroom family layout. Burbank Avenue is an established, low-turnover pocket where owners stay for nearly two decades on average, which signals a stable, family-oriented neighbourhood with limited resale competition. The flood overlay is a real consideration, but it also keeps this street quieter and more private than comparable waterfront areas. This property best suits an owner-occupier family seeking long-term space, room to extend or renovate, and a prestige address without the full premium of direct water frontage.
The flood overlay may affect future development options, so any extension or rebuild could require additional planning approvals and potentially higher construction costs. Ground elevation of about 15 metres and a substantial roof height suggest the house sits above typical flood levels, which might mitigate some risk. The property’s value may be supported more by land size and street position than by the existing dwelling, meaning a buyer could pay a premium for the parcel itself. Rental yield is likely low, around 2%, reflecting capital-driven demand rather than income potential. Orientation is not confirmed, but north-facing options elsewhere on the street command attention, so this could influence how the house feels and performs.
Detailed Independent Property Report prepared by PropCred Analyst team for 65 Burbank Avenue, Picnic Point NSW 2213
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Picnic Point, a primarily residential southern Sydney enclave, is underpinned by separate houses on Environmental Living and National Parks land, which structurally limits supply. Demand is driven by couples with children, typically owning outright, aged around 39, seeking quiet proximity to the city. The median house price is approximately $1.78 million, having risen 13% annually, while units sit near $1.2 million with 14% growth. Houses clear in about 34 days, reflecting tight conditions, but gross yields remain thin at 2.79% for houses and 3.55% for units. Growth is supported by land scarcity and infrastructure constraints, though 51% of owners carry mortgages, amplifying rate sensitivity. The mortgage-to-income profile and $950 weekly house rents point to affordability limits, capping future upside.
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PropCred Estimated Value
Comparable Sales: 71 Burbank Avenue sold $3.3M (1548m², waterfront) | 61 Burbank Avenue sold $2.55M (1129m²) | Property Price Band: $2.5M–$2.7M | Value Drivers: land size, street prestige, flood overlay impact on redevelopment potential.
Bedrooms
5
Bathroom
2
Parking
2
Land
1212m²
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