7 Rundle Avenue, Wallsend NSW 2287
7 Rundle Avenue, Wallsend NSW 2287
Established house in family suburb | Strong school and transport access | Renovation upside likely | Active rental demand | Variable block sizes
This property sits in a genuinely practical part of Wallsend, where older detached houses on moderate blocks remain the dominant stock. Its competitive edge is location-driven — proximity to public schools, the shopping centre, and transport makes it a realistic option for first-home buyers or families wanting an established suburb without inner-city pricing. The house likely serves best as a solid family home or a renovation project, depending on its current condition. Given the area’s mix of updated and original dwellings, a well-presented version would appeal broadly, while a dated one still holds appeal for buyers seeking to add value through kitchen, bathroom, or flooring upgrades.
Value may hinge on how the current finishes compare with nearby renovated stock, as modern bathrooms and updated kitchens tend to lift appeal noticeably in this market. Land size and street position could also shape price, given the wide variation across the suburb. A buyer should weigh potential upgrade costs against the purchase price, since the house’s condition likely determines whether it competes as move-in ready or as a value-add opportunity. Rental demand appears steady, which may support an investor buyer, though yield would depend heavily on the final purchase figure.
|| Comparable Sales: 19 Philp Place sold around $850k–$900k; 1/7 Longworth Avenue townhouse rented at $695/week | Property Price Band: $700k–$800k | Value Drivers: land size, renovation condition, proximity to schools and transport
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Rundle Avenue, Wallsend NSW 2287
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Wallsend, in the Hunter Region near Newcastle, has established infrastructure and access to major transport routes. Demand is driven by proximity to Newcastle, ongoing development, amenities, and economic growth, supporting robust rental demand. The median house price is $835,000, up 9.15% annually; units are $680,000, up 3.62%. Houses sell in a median 18 days, with annual sales around 225. Gross rental yields are 4.20% for houses and 4.81% for units; median weekly rents are $648 and $600. A mix of residential and commercial properties sustains appeal, with future growth supported by infrastructure projects.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 19 Philp Place sold around $850k–$900k; 1/7 Longworth Avenue townhouse rented at $695/week | Property Price Band: $700k–$800k | Value Drivers: land size, renovation condition, proximity to schools and transport
Bedrooms
3
Bathroom
1
Parking
-
Land
579m²
URL has been copied successfully!