7 Shiraz Drive, Bonnells Bay NSW 2264

| Bonnells Bay house | 1039sqm block | pool without permit risk | school-bus dependent location This property presents an interesting but cautious opportunity for a buyer seeking a large block in a stable suburb. The primary risk is the above-ground pool detected by satellite with only 80% confidence; if it was installed without council approval, remediation or removal could cost the buyer $5,000 to $15,000, and this reduces the property’s finish value. The land holding is competitively strong as Lake Macquarie blocks of this size becoming rarer, with low owner turnover suggesting a market that values staying power. However, if you are not buying to renovate or hold long-term the school catchments require car dependency to Morisset High School which puts the property mid-pack for families wanting walkability. The property serves best a buyer who wants to add value through a new home or extended renovation, given the 20% building coverage ratio invites a second dwelling or major addition if council permits allow it. The FTTP and 5G coverage are supporting but not decisive. Buyer decisions here hinge on the land’s development potential and the pool’s compliance status. You should send a building inspection request to the agent before any offer to confirm the pool permit; if it is unapproved the property’s current listed value drops by at least the removal cost and possibly more. Then check Lake Macquarie’s DCP for secondary dwelling allowances on this lot.