60 Fishery Point Road, Mirrabooka NSW 2264

Elevated position with lake views | Renovated 4-bed, 2-bath on 601m² | Bushfire overlay present | Strong rental demand $720–$875 per week The property’s primary buying case rests on its rare combination of a full renovation, elevated outlook over Lake Macquarie, and a functional 200m² floorplan with two living areas and a separate study. For a buyer seeking a turnkey family home in a coastal commuter corridor, this house offers immediate occupancy without the cost or delay of upgrades. The 601m² lot, though modest, supports the two-storey configuration well, and the rental estimate of $720–$875 per week signals strong tenant appeal, making it viable for an investor targeting yield above 4% at the price guide. The elevated position and decked entertainment area are genuine differentiators on this street, where few properties share the same visual exposure. The bushfire overlay is the principal risk, potentially increasing insurance premiums by 20–30% and imposing stricter landscaping or building material requirements for any future extension. Buyers should factor this into holding costs and confirm the current renovation meets compliance standards. The property’s 2010 sale date and prior listing history suggest limited turnover, which may indicate either strong owner attachment or a slower resale market for this price point. For an owner-occupier, the house works as a long-term hold with low maintenance needs; for an investor, the rental return is solid but capital growth will depend on broader Lake Macquarie demand rather than scarcity. Use it as a stable income-producing home or a comfortable residence with a view.