9 Karrabah Cres, Lake Heights NSW 2502

8-bedroom dual-income house | 43m elevation | 60% site coverage | Warrawong school catchment | No overlay risk The property’s primary buying case rests on its 8-bedroom, 4-bathroom configuration on a 664m² parcel, which is rare in Lake Heights. The 60% building coverage and 43m elevation provide a structural advantage for sustained rental demand, as the layout can accommodate multiple tenant groups or a single extended household. This configuration is best suited to an investor seeking high weekly cash flow from a single holding, given the average rental income of $630 per week. The absence of bushfire, flood, or heritage overlays reduces due diligence friction and lowers insurance cost risk for the buyer. The principal risk is the property’s reliance on a single income stream from a high-occupancy model, which may face vacancy pressure if local employment shifts or if the Warrawong school catchment loses appeal. The 2019 purchase and 2024 lease history suggest moderate turnover, but the buyer should budget for periodic refurbishment across eight bedrooms. From a commercial perspective, the two-level design allows for potential subdivision of use—such as separate entry for upper-level rooms—though this is not confirmed. The property should be held as a long-term rental holding, with a focus on maintaining occupancy above 90% to protect yield.