7/20 Connell Street, Old Bar NSW 2430
7/20 Connell Street, Old Bar NSW 2430
2-bed ground-floor villa | walk to beach and town | refreshed interior | detached garage | low-maintenance coastal buy
This unit holds a genuine edge for its price point: a ground-floor layout with a detached garage, updated kitchen and bathroom, and built-in robes—rarely found together in older coastal strata stock. Its position on Connell Street places it within easy walking distance of the beach, shops, and cafes, which suits downsizers and investors seeking convenience without upkeep. The configuration is practical and honest, offering a low-effort coastal base that competes well against larger family houses in the same suburb, particularly for buyers prioritising location and condition over space.
Value may be shaped by the strata setting, which limits privacy and land ownership compared with freestanding houses. The lack of a defined aspect or outlook could affect light and ambience, though the refreshed interior offsets some uncertainty. Rental demand for similar two-bedroom units on the street appears steady, suggesting income potential for investors. Buyers should weigh the trade-off between lower entry cost and strata fees, and consider how the unit’s compact footprint suits their long-term plans.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/20 Connell Street, Old Bar NSW 2430
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Old Bar, a coastal suburb with a mature demographic profile (average age 52), houses trade at a $822,500 median, up 150% over a decade to 2026, though annual growth estimates vary from 1.28% to 5.5%. Units sit near $550,000 with a firmer 10% yearly gain. Houses clear in 46–49 days on average, with 132 sales in the past year confirming liquidity. Rental yields are modest: 4.0–4.1% for houses, up to 5.4% for units, while weekly rents run $600–620 and $460–490 respectively. Demand appears driven by older buyers, but the market is flagged as overvalued relative to historical trajectory, a key constraint for future appreciation.
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PropCred Estimated Value
Comparable Sales: 6/20 Connell Street sold $408k; 5/20 Connell Street similar 2-bed unit | Property Price Band: $400k–$500k | Value Drivers: refreshed condition, ground-floor access, walkable location
Bedrooms
2
Bathroom
1
Parking
1
Land
1017m²
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