Penprase Lane, Miranda NSW 2228
Living on Penprase Lane in Miranda NSW 2228 means residing in a predominantly apartment-focused street where 98.3% of homes are units. The area is anchored by the 141-lot Wandella Rd development, a 7-level complex built in 2004. With only 1.7% of the 60 residential properties being houses, the street offers a dense living environment. Recent activity shows 3 apartment sales in the last 12 months, while the 5-year apartment turnover rate sits at 37.3%. A single property has an alternative flood classification assessment, but no other risk overlays are present.
The mix of houses and apartments (units) that make up the Penprase Lane, Miranda NSW 2228 property market.
"Houses" in this report includes detached houses, duplexes, and terraces.
See which key planning overlays and environmental risks affect this street before you buy.
Actual house sales on Penprase Lane, Miranda NSW 2228 over the past 5 years, plotted against the Miranda NSW 2228 median house price trend over the same period.
Actual apartment (unit) sales on Penprase Lane, Miranda NSW 2228 over the past 5 years, plotted against the Miranda NSW 2228 median apartment price trend over the same period.
The largest apartment projects on Penprase Lane, Miranda NSW 2228, ranked by number of lots.
1 popular apartments on Penprase Lane, Miranda NSW 2228
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Common questions about living on and buying property on Penprase Lane, Miranda NSW 2228 — lifestyle, transport, and the local housing market.
Note: Data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census data and knest.ai internal statistical data.
Is Penprase Lane an expensive or affordable street relative to Miranda?
Insufficient sales data exists to calculate a reliable house price index for Penprase Lane, so it cannot be compared to the Miranda suburb median. Buyers should review recent sales of detached homes in the wider Miranda area to gauge relative pricing.
What are the risk and overlay factors on Penprase Lane?
There are no bushfire, heritage, flood overlay, flood check recommended, or high-voltage overlays affecting properties on Penprase Lane. One property falls under an other flood classification, indicating no flood risk identified or not mapped. This absence of overlays generally simplifies due diligence and insurance assessments.
Are properties on Penprase Lane mostly on high, level or low ground?
Elevation data for Penprase Lane is unavailable, so it is not possible to determine if properties sit on high, level, or low ground. Buyers should assess the specific site elevation and drainage characteristics of any individual property they are considering purchasing.
What type of road is Penprase Lane?
Road classification, speed limit, and dominant road share data for Penprase Lane are unavailable. Without this information, the traffic hierarchy and speed environment of the street cannot be objectively described.
Is Penprase Lane mostly houses or apartments?
Penprase Lane contains 60 residential properties, with 98.3% being apartments and only 1.7% being houses. The street is overwhelmingly dominated by apartment living, with detached homes representing a very small fraction of the total residential stock.
What are the major apartment developments on Penprase Lane?
The major apartment development on Penprase Lane is 8 Wandella Rd, Miranda. This project comprises 141 lots across 7 levels and was built in 2004. These developments contribute significantly to the street's higher-density residential character.
How many properties have sold on Penprase Lane?
Three apartments sold on Penprase Lane in the past 12 months, while no houses were sold. The five-year turnover rate for apartments is 37.3%, meaning 37.3% of the apartment stock changed ownership during that period. No house turnover data is available.
Is Penprase Lane a good street to buy property on?
Penprase Lane is primarily suited to apartment buyers seeking a high-density environment in Miranda. With minimal house stock and no major risk overlays, it offers a straightforward purchase for those prioritising apartment living. Buyers should consider the specific building quality and strata details of the Wandella Rd development.
125 Nearby Streets in Miranda, NSW 2228