7 Mccready Street Woolgoolga NSW 2456
7 Mccready Street Woolgoolga NSW 2456
Large 1117sqm block | five-bedroom family house | long owner tenure street | Woolgoolga coastal demand
This property offers a rare combination of scale and positioning. The 1117sqm lot is significantly larger than most in the street, giving a buyer optionality that smaller neighbouring blocks lack. The five-bedroom, three-bathroom configuration suits the family market that dominates Woolgoolga, and the streetโs average owner-occupier tenure of over 14 years signals low turnover and stable neighbourhood character. For a buyer seeking a long-term family home or a site with future subdivision potential, the land size alone provides a competitive edge that most nearby listings cannot match.
The main risk is the absence of recent sales data or a current listing, which means pricing must be inferred from the estimated $1.02 million valuation and the April 2025 sale of 1 McCready Street at $865,000 for a smaller four-bedroom house. That gap suggests the premium for the extra bedroom and larger land may already be priced in, leaving limited short-term upside. However, the 2013 purchase price of $369,000 demonstrates long-term capital growth, and the propertyโs position in a quiet, well-established street with FTTP broadband adds practical appeal. Hold this property as a family home with a view to either renovate or, if zoning permits, consider a future subdivision of the rear lot to unlock value.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Woolgoolga is a mature coastal suburb with a stable, established demographic profile. Demand is primarily driven by long-term residents and downsizers, supported by sustained historical performance. Recent market conditions show a softening in house prices, though unit values have demonstrated resilience. Future growth is underpinned by its coastal appeal and consistent demand, yet the market faces headwinds from recent price adjustments and increased stock levels.