12 Boomerang Street, Lake Cathie NSW 2445

Three solid brick units | Lake Cathie beachside | Renovated interiors | Multi-income configuration The buying case rests on three structural advantages rarely combined at this price point: a level 556sqm parcel with three separate dwellings, two fully renovated, and a location steps from Lake Cathie beach. For an investor, this configuration offers immediate rental income from two modernised units while the third provides renovation upside or holding flexibility. The property serves buyers seeking a self-funding coastal hold with development optionality, as the land size and flat topography support future subdivision potential. Timber floors, ceiling fans, and built-in wardrobes across all units reduce ongoing maintenance costs, and the 2008 purchase history suggests no recent speculative pricing pressure. The primary risk is the unrenovated third unit, which may require capital to match the other two’s rental yield. Council rates at $4,100 per annum are moderate but should be factored into net return calculations. For a buyer, the opportunity lies in staggered renovation—upgrade the third unit incrementally while collecting income from the others—or holding all three for long-term capital growth as Lake Cathie’s coastal demand strengthens. This property is best used as a cash-flow-positive entry into a tightening beachside market, with the land holding the real long-term value.