6 Floral Avenue, East Lismore NSW 2480

3 bed potential on 797sqm | 3 car carport | reliable school catchment | no flood overlay The property’s competitive strength lies in its generous site with low site coverage, offering rare expansion or reconfiguration scope in a stable owner-occupied street. The 3-bedroom potential from a primarily 2-bedroom listing creates upside for families needing space without moving suburb. It best suits buyers seeking a long-term hold with school proximity and minimal overlay risk, where the carport and building footprint already support multi-vehicle households. The key risk is the 1996 last sale, meaning deferred maintenance may surface, and the 8-day market time suggests no bidding pressure yet. The rental midpoint of $600/week gives a 4.8% gross yield, viable for an investor but not exceptional. The opportunity is to negotiate below the $650k ask using the dated interior and short listing period. Hold for capital growth from suburb’s 10.7% annual gain and add value through a third bedroom conversion.