6 Clyde Close, Bateau Bay NSW 2261

tenanted until 2027 | flood overlay present | lower clearance rates | no ensuite or garage | rental yield capped below suburb median This property presents a passive income strategy with a locked-in tenant until early 2027 but the rental return sits roughly 10-15% below what an unstressed lease could achieve in the current market. The flood overlay introduces a latent insurance and resale friction that buyers must factor into their exit timeline. The opportunity here is deferred capital growth rather than immediate cash flow, and the judgement is that this suits a hold-for-five-plus-year horizon where you let the tenancy roll off and either renovate or release at market. The competitive strength is a north-facing covered entertaining area and a level backyard that supports future extension or subdivision potential under current zoning. The long-term tenant provides vacancy protection through a softening cycle, which is rare. This property serves a buyer who wants land banking with income cover rather than a family home they occupy immediately. The flood risk and constrained depreciation should be weighed against the suburb’s consistent 7-8% annual growth and proximity to services meaning the next prudent step is commissioning a flood certificate and structural pest inspection before making an offer.