7 Ely Place, Marayong NSW 2148

1970s family house | 558m² level block | 4 secure car spaces | detached garage conversion potential | strong rental demand This property presents a competitively strong offering for an investor or owner-occupier seeking a low-maintenance, high-utility house in a established neighbourhood. Its key advantage is the exceptional off-street parking for four vehicles coupled with a detached garage, a rare configuration that provides immediate functional utility and flexible space. The solid 558m² parcel with no development overlays offers secure, long-term holding appeal, best serving a buyer who values practical space over modern finishes. Its active rental listing and estimated yield signal a property that can service debt from day one. Proceed with the understanding that the inconsistent bathroom count in records indicates a likely unrenovated original layout, a cost risk for future upgrades. The 1970s construction demands a thorough building inspection for latent defects. The commercial logic is clear: acquire a high-land-content property with a unique parking edge at a calculated entry point. This house is a hold for yield with long-term land banking upside. A Propcred report would pressure-test the current valuation against true comparable sales and detail locality-specific insurance and infrastructure risks. Recent Comparable Sales Context: • 7 Ely Place itself last sold for $677,000 in May 2020. This prior sale establishes a baseline, indicating significant equity growth has likely occurred for the vendor, framing the current asking price within the market’s upward trajectory.