Tramway St, Rosebery NSW 2018

House prices on Tramway St are 22.97% below the Rosebery suburb house median, making it a more affordable option for buyers seeking detached homes in the area. This ratio reflects the street's recent house price performance compared to the broader suburb average. Buyers should compare recent sales of individual homes on the street against nearby comparable properties to gauge current market positioning.

There are no bushfire, heritage, or high-voltage overlays affecting properties on Tramway St. Regarding flood risk, 16 homes are recommended for a flood check, while 61 properties fall under other flood classifications indicating no flood risk identified or not mapped. A flood check recommendation means the property is suitable for further assessment, so buyers should review council mapping and insurance costs before purchasing.

2 homes sit above the street; 73 homes sit level with the street. This means the vast majority of properties on Tramway St sit level with the street. Different site heights relative to the street can influence site characteristics, but buyers should assess the specific property rather than relying on the street average to understand its unique features.

Tramway St is a local road, which generally serves nearby residents and provides access to surrounding streets. Because the specific speed limit and the share of stock fronting this dominant road section are not available, the street is characterised primarily by its local road classification. This typically implies a quieter, residential environment focused on local access.

There are 98 residential properties on Tramway St. Houses make up 78.6% of the residential stock, while apartments account for 21.4%. Because houses represent the clear majority, Tramway St is predominantly a street of houses. This mix offers buyers a strong selection of detached homes alongside a smaller number of apartment options.

The major apartment developments on Tramway St include 31 Tramway St with 6 lots across 4 levels built in 1992, 29 Tramway St with 6 lots across 4 levels built in 2016, and 27 Tramway St with 1 lot across 3 levels built in 1986. These developments contribute to the street's apartment presence and higher-density residential character.

In the past 12 months, 0 houses and 0 apartments have sold on Tramway St. Over the trailing 5 years, the turnover rate for houses is 13% and for apartments is 9.5%. The turnover rate represents the proportion of properties that changed ownership during the past five years, indicating the frequency of sales activity for each property type.

Tramway St is well-suited for buyers looking for detached houses on a local road, given that houses make up 78.6% of the residential stock. It also appeals to apartment buyers, with 21.4% of properties being units. The street offers a mix of established and newer apartment developments, and its below-suburb median house prices provide an affordable entry point for buyers in Rosebery.