197 Railway Avenue, Bundanoon NSW 2578

Character cottage | escarpment views | bushfire overlay | tightly held enclave The property’s primary buying case rests on its scarcity: a renovated character cottage on a near-level block backing Morton National Park, in a suburb where 80% of Railway Avenue properties are owner-occupied and rarely traded. The dual-access master bathroom, separate mudroom, and rear sunroom give it genuine flexibility as a permanent residence, a high-end weekender, or a short-stay investment with 2.71% yield potential. For a buyer seeking a low-density holding with immediate livability and long-term capital stability, this configuration is competitively rare. The bushfire overlay is the material risk, raising insurance costs and limiting some financing options for non-owner-occupiers. The block size discrepancy between records (2000m² vs 2472m²) should be verified before exchange. The opportunity is in the view corridor and rural backdrop,these are irreproducible features in a tightly held market. Hold as a primary residence or selectively rent to premium short-stay guests; avoid long-term tenancy that would erode the finish.