9 Skenes Avenue, Eastwood NSW 2122
9 Skenes Avenue, Eastwood NSW 2122
5-bed house on 613 m² | tightly held owner-occupied street | near Eastwood Station and shops | strong family-house demand | redevelopment potential
A five-bedroom detached house is offered on a 613.4 square metre block in a street marked by low turnover and strong owner-occupier ownership. The land is larger than much of Eastwood’s typical detached stock, where apartments, villas, and small lots dominate current supply. Walking distance to Eastwood Station, the shopping centre, and local reserves adds practical family appeal. A past complying development certificate on the street signals redevelopment potential, so the property may suit a rebuild, an extension, or a long-term hold. It is best matched to owner-occupier families, upgraders, and buyers seeking a substantial block in a tightly held pocket.
Value may be shaped by the interior condition, with a renovated presentation likely to attract a premium and an outdated layout possibly requiring a discount. The larger block may be seen as an extension or redevelopment opportunity, subject to council approval. Moderate demand and longer market times may keep price expectations in check.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Skenes Avenue, Eastwood NSW 2122
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Eastwood is a mature Sydney suburb with a two-tier market: a 30.2% strata share and 27% renter base mean established families and professionals drive house demand near a $2.76M median, while first-home buyers and investors focus on units at $830K. House prices grew 2.98% annually (alternative estimates 1.9–3.8%), but units fell 5.47% (range -2.3% to -5.47%), with vacancy at 6.1%. Annual house sales of 230 and rental growth of 10% for houses and 6.2% for units support steady occupancy, though houses take 47–67 days to sell. Long-run CAGR of 7.2% over 20 years underpins structural appeal, but high entry prices and softening unit values are key constraints.
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PropCred Estimated Value
Comparable Sales: 17 Skenes Avenue sold $3.306M | Property Price Band: $2.9M–$3.0M | Value Drivers: land size, interior condition, street location
Bedrooms
4
Bathroom
2
Parking
1
Land
611m²
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