120 Lakeview Parade, Blacksmiths NSW 2281

Beach walkable | R3 dual-occupancy | rear lane access | dual-income configuration The property’s competitive edge lies in its dual-occupancy structure on R3 zoned land with rear lane access—a rare combination in Blacksmiths. The original character home and secondary dwelling allow a buyer to occupy one unit while renting the other, effectively subsidising holding costs or generating immediate yield. The beach proximity, school catchment, and medium-density zoning position this house as both a lifestyle hold and a future development opportunity, best suited for an owner-occupier seeking income offset or an investor eyeing longer-term site consolidation. The bushfire and flood overlays are the primary risks, potentially affecting insurance premiums and future development approvals. The NBN FTTB and 5G coverage are adequate but not a differentiator. The 16% site coverage and 89m² building footprint suggest redevelopment may require careful design. Commercially, the R3 zoning and rear access unlock medium-density potential, but the buyer should first stabilise rental income from both dwellings. Hold for cash flow, then assess subdivision or townhouse development in 3–5 years.