58 Waverley Street, Belmore NSW 2192

R4 zoning | four bedrooms | undercover entertaining | flood risk detected The property’s R4 zoning is its primary competitive advantage, offering development potential that most nearby houses lack. Four oversized bedrooms with a study and workshop provide immediate family utility while the undercover entertaining area and generous yard support lifestyle appeal. This combination suits both owner-occupiers seeking space and investors targeting future redevelopment. The high ceilings and multiple living areas add to the property’s versatility, making it rare for its lot size in Belmore. Flood risk is the main cost to the buyer, potentially affecting insurance premiums and resale appeal. The long ownership history with no recent sales means price discovery is uncertain. However, Belmore’s strong auction clearance rate and 7% annual house growth suggest robust demand. The property should be held for medium-term capital growth, leveraging the R4 zoning for future subdivision or townhouse development when market conditions align.