6/96 Lauderdale Avenue, Fairlight NSW 2094

Flood overlay confirmed | Development approval adds upward value | Compact 131sqm footprint | Shared laundry arrangement This property carries a flood overlay, a risk mechanism that may increase insurance premiums and limit resale pool. The approved upper-level addition offers a rare opportunity to expand without strata complexity. The unit should be held medium-term, with the extension built before resale to capture full equity gain. The 1940s bones with harbour-view sunroom and upgraded kitchen give it genuine scarcity in this precinct. These features support premium rental demand from downsizers and couples. The property best suits a buyer seeking immediate lifestyle return with a structured value-add path. Check the flood overlay details with council before auction — the information gap between disclosed risk and actual cost to insure is often where informed buyers secure their edge.