Wharf Rd, Melrose Park NSW 2114

House prices on Wharf Rd sit 11.5% below the Melrose Park suburb house median. This indicates that recent house sales on the street have generally been priced lower than the average house in the wider suburb. Buyers should note that this metric applies specifically to houses and does not reflect apartment pricing. It is a useful benchmark for relative house value, but individual property conditions and features will still influence specific sale prices.

There are 0 properties in a bushfire zone and 0 in a flood overlay. However, 37 homes are recommended for a flood check, and 54 fall under other flood classifications, which typically means no flood risk was identified or they were not mapped. One property is heritage-listed, which may restrict exterior changes. Additionally, 8 homes are within 100m of a high-voltage powerline. Buyers should review council mapping and insurance implications for these overlays before purchasing.

67 homes sit level with the street; 15 homes sit below the street. The street has a predominantly level profile relative to the road surface, with a smaller number of homes situated below the street level. Site height can influence drainage and access, but specific outcomes depend on individual property conditions. Buyers should inspect the specific site of any home they are considering to understand how its position relative to the street might affect maintenance or access.

Wharf Rd is primarily a collector road with a 50 km/h speed limit. Collector roads generally connect local streets to larger arterial roads, serving both local residents and through traffic. 99.5% of the residential properties on the street front this dominant road section. While collector roads can experience more traffic than local streets, the specific noise and congestion levels can vary by location and time of day.

The street has 415 residential properties, predominantly apartments. 73.3% of the stock is apartments, while 21.9% are houses. This mix indicates a high-density residential environment with a significant apartment presence. The remaining percentage likely includes other residential types not classified as standard houses or apartments. Buyers should consider the density and building types when assessing the street's character and potential for privacy or outdoor space.

The major apartment development on Wharf Rd is located at 2 Wharf Rd, Melrose Park NSW 2114. This project comprises 278 lots across 3 levels and was built in 2020. It represents a significant portion of the street's apartment stock, contributing to the higher-density residential character of the area. This development is the primary large-scale apartment project recorded on the street.

In the past 12 months, 2 houses and 18 apartments sold on Wharf Rd. Over the trailing 5 years, the house turnover rate is 16.5%, and the apartment turnover rate is 32.2%. Turnover rates represent the proportion of properties that changed ownership during that period. These figures provide a baseline for market activity, though they do not indicate price trends or future performance without comparative data.

Wharf Rd suits buyers seeking apartment living in a high-density area, given that 73.3% of the stock is apartments. House buyers may find value, as prices sit 11.5% below the suburb median. The street is a collector road, which may suit those comfortable with through traffic. With 37 homes recommended for flood checks, buyers should prioritize due diligence on specific properties. The mix of 21.9% houses offers some detached options in an otherwise apartment-dominated street.