92 Grandview Road, New Lambton Heights NSW 2305
92 Grandview Road, New Lambton Heights NSW 2305
3 bed, 1 bath, 2 car house | 1,113 m² block | larger than typical local lots | older stock with renovation scope | quiet, leafy setting
This property offers a genuinely rare combination in today’s market: a generous 1,113 m² block paired with a classic three-bedroom, one-bathroom layout. The land size alone sets it apart from much of the surrounding housing stock, which tends to sit on smaller parcels. For a buyer seeking space, privacy, and the freedom to shape a home over time, this house provides a strong foundation. The configuration suits established families who value outdoor room and a quiet, established neighbourhood, as well as those looking to add value through thoughtful updates. Its position on a well-regarded street in New Lambton Heights reinforces its appeal to long-term owners who prioritise lifestyle and land over turnkey convenience.
The condition and age of the house may influence how quickly it sells and what a buyer is willing to pay. Original interiors and dated finishes might require a renovation budget, though this also presents an opportunity to personalise the property. The larger block may carry ongoing maintenance responsibilities, and any bushfire overlay considerations could affect insurance costs or future development plans. Buyers should weigh the potential of the land against the effort needed to bring the house up to modern standards, recognising that the value here lies substantially in the site itself.
|| Comparable Sales: 79 Grandview Road sold for $940,000; 32 Grandview Road sold nearby | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, renovation potential, quiet location
Detailed Independent Property Report prepared by PropCred Analyst team for 92 Grandview Road, New Lambton Heights NSW 2305
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
New Lambton Heights is a high-value, low-turnover suburb, with a median house price of $1.29–$1.30 million and 11.86–14.22% annual growth. Houses spend only 22 days on market, while annual sales volume sits at 53–57, underscoring constrained supply and persistent buyer competition. The price point implies demand from established buyers rather than first-home purchasers, underpinned by strong rental fundamentals: median weekly house rent of $800 and a gross yield of 3.84%. Future growth is supported by this tight demand-supply balance, but affordability is the key constraint at these levels, and the thin sales base leaves the market exposed to interest-rate sensitivity.
PropCred Estimated Value
Comparable Sales: 79 Grandview Road sold for $940,000; 32 Grandview Road sold nearby | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, renovation potential, quiet location
Bedrooms
3
Bathroom
1
Parking
2
Land
1120m²
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