72 Fennell Cres, Blackalls Park NSW 2283
72 Fennell Cres, Blackalls Park NSW 2283
5-bedroom house | 1998mยฒ lot | 386mยฒ building | water access positioning
This property offers a rare combination of generous land size and substantial building area in a tightly held part of Blackalls Park. The 1998mยฒ lot with only 19% site coverage leaves meaningful room for future expansion, landscaping, or a pool, while the 386mยฒ floorplan with five bedrooms and a master suite with alfresco access suits multigenerational families or those wanting space to work from home. The flood overlay is the primary risk, raising insurance costs and limiting some redevelopment options, though the 1m ground elevation and 7m roof height suggest the structure sits above typical flood levels. Buyers should budget for higher premiums and check councilโs flood study before committing. The propertyโs value has already lifted post-sale, and holding it for medium-term capital growth while enjoying the water access and school catchment makes commercial sense.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Blackalls Park is a Lake Macquarie suburb offering affordability and proximity to water. It attracts families and investors seeking value. Demand is driven by lifestyle and accessibility. Housing stock is varied, creating uneven performance. Price growth is moderate and tied to broader lake demand. It remains a mid-tier value suburb.