7/52 Showground Road, Gosford NSW 2250
7/52 Showground Road, Gosford NSW 2250
2-bed unit, lock-up garage, central Gosford | hospital/station walkable | updated kitchen, balcony | strong rental profile | strata fees weigh
This unit holds a practical edge over much of the entry-level stock in central Gosford. The combination of a lock-up garage, separate storage, and an updated kitchen is not standard for a 2×1 apartment, and it lifts the property above dated alternatives in the same price range. Its position near the hospital, train station, and CBD services makes it a reliable choice for commuters, hospital staff, and investors seeking consistent tenant demand. The open-plan layout and private balcony add everyday liveability, while the internal laundry reduces a common friction point in older units. This is best suited to a buyer wanting a low-maintenance, centrally located property with strong rental utility rather than a lifestyle or luxury purchase.
The holding costs deserve attention. Quarterly strata levies of roughly $837 are significant for a unit of this type and will compress net returns for an investor. The building’s age and floor level are not confirmed, and these factors may affect light, noise, and resale appeal. The recent sale of a similar unit in the same complex at $450,000 suggests the market has settled around the mid-$400,000s for this configuration. A buyer should weigh the updated kitchen and garage against the strata burden and the absence of any private outdoor space beyond the balcony. The rental estimate of $540 per week for comparable stock indicates the property may support a slightly higher rent than the listing’s $480, which could improve yield if realised.
|| Comparable Sales: 4/52 Showground Road sold $450,000; 7/52 Showground Road sold $435,000 | Property Price Band: $430,000–$530,000 | Value Drivers: garage and storage, updated kitchen, central location, rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 7/52 Showground Road, Gosford NSW 2250
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Gosford is a growing urban centre anchored by CBD revitalisation and the Gosford Waterfront development, with demand driven by young professionals, investors and families attracted to a strong rental market. House prices sit near $970,000, but the market is cooling, with annual growth down 2.5% and houses taking about 107 days to sell against just seven to eight transactions over the past year. Units present a firmer picture: median prices of $570,000–$585,000 have risen 2.7% over 12 months, sell in roughly 26 days and offer a 5.24% gross yield, well above houses at 3.4%. Weekly rents range from $580 for houses to a similar level for units, with some evidence of stronger asking rents for units. Future upside rests on ongoing infrastructure investment and population growth, though interest rate sensitivity and limited house turnover remain key constraints, with average settlement times around 54 days indicating a cautious but active buyer pool.
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PropCred Estimated Value
Comparable Sales: 4/52 Showground Road sold $450,000; 7/52 Showground Road sold $435,000 | Property Price Band: $430,000–$530,000 | Value Drivers: garage and storage, updated kitchen, central location, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
1616m²
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