72 Prince James Avenue, Coffs Harbour NSW 2450

Large family home | 822sqm block with bushfire overlay | 85% owner-occupied street | 40% building coverage allows extension potential This property offers a rare combination of scale and flexibility for a family buyer in a tightly held street. The 822sqm lot with only 40% building coverage provides clear capacity for future extension or a granny flat, while the existing 5-bedroom layout with separate rumpus and workshop already suits multi-generational or home-office needs. The 85% owner-occupied street signals low turnover and stable long-term value, which supports capital preservation. The property best serves a buyer seeking a functional family home with room to add value through renovation or expansion, rather than a turnkey purchase. The bushfire overlay is the primary risk, potentially increasing insurance costs and limiting some financing options, but it does not preclude use or development with proper compliance. The 2015 sale date suggests the current owner has held through a market cycle, which may indicate realistic pricing expectations. The 40% building coverage is an underutilised opportunity—adding a secondary dwelling or extending the main house could lift rental yield above the current $855/week midpoint. For a buyer willing to hold and improve, this property functions as a long-term family home with built-in value-add optionality.