27 Alexander Street, Ellalong NSW 2325

4 beds | 607sqm | flood overlay | 9 days on market | 4.44% rental yield The buying case for this property rests on its configuration and positioning within a tightly held suburb. Four bedrooms with built-ins and a master suite with walk-in robe and ensuite are rare at this price point in Ellalong, giving the buyer a clear edge over smaller or older stock. The open plan living, covered alfresco, and fully fenced backyard serve families or downsizers seeking low-maintenance space. The double garage and 5G coverage add practical appeal. At a mid-range valuation of $800,000 and a rental yield of 4.44%, the property offers both owner-occupier comfort and investor-grade returns, especially given the 590% appreciation from its 2016 sale price. It suits buyers who prioritize a modern, move-in-ready house in a community-focused location with good primary school proximity. The flood overlay is the primary risk, and it must be factored into both purchase price and insurance costs. It may limit future resale pool and affect financing options for some buyers. However, no bushfire or heritage overlays reduce complexity. The property has been on market only 9 days, suggesting realistic pricing. For investors, the $680 weekly rent is at the lower end of the estimated range, leaving upside if market conditions tighten. The opportunity lies in securing a modern, low-maintenance house in a suburb with limited comparable supply. Hold for medium-term capital growth or rent for steady yield; avoid overpaying due to the flood risk.