81/29 Taurus Street Elermore Vale NSW 2287

81/29 Taurus Street Elermore Vale NSW 2287
3-bed townhouse | renovated bathroom | sought-after complex sells quickly | no flood/heritage overlays | bushfire overlay present This townhouse presents a competitively strong proposition within its complex, noted for high demand and rapid sales. Its renovated bathroom and spacious, air-conditioned layout offer immediate livability, positioning it well for an owner-occupier seeking low-maintenance living or an investor targeting the school catchment area. The absence of flood or heritage constraints simplifies due diligence. The primary decision mechanism is the lack of recent, direct comparable sales, obscuring precise valuation. The bushfire overlay necessitates specific insurance checks and potential cost. This property is best acquired with a strategy for long-term hold, leveraging its complex’s popularity. For a definitive position, our report would pressure-test the listed price against true market comparables, detail locality-specific bushfire risks, and provide a tailored insurance assessment framework. A comparable unit at 29 Taurus Street, likely in the same complex, carries an estimated value of $697,000. This benchmark suggests a market for well-presented three-bedroom villas in this location, though the range of $620,000 to $780,000 indicates significant variance based on condition and timing.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Elermore Vale is a well-established Newcastle suburb attracting a diverse mix of families, first-home buyers, and investors, supported by strong local amenities. Demand is high, evidenced by rapid sales and low vacancy rates, driving robust recent price growth. Future performance is underpinned by this sustained demand, though the significant apartment supply and a market approaching fair value suggest moderated growth expectations ahead.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

3.21 ha

Assessments Delivered Today

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