25 Carmen Street, St Ives NSW 2075

Large family block | premium school catchment | bushfire overlay | pool | owner-occupied street This property presents a rare configuration in St Ives: a near-800 m² block with a substantial 303 m² home, pool, and dual catchment for St Ives Public and High Schools. For a family buyer, the combination of land size, building footprint, and school access creates a strong competitive position, particularly given the street’s 90% owner-occupier profile, which signals stable demand and limited turnover. The estimated value around $3 million reflects the land’s scarcity and the home’s size, but the true edge lies in the redevelopment or renovation upside, assuming planning constraints are navigable. This house best suits a buyer seeking long-term family living with optionality for future capital works. The bushfire overlay is the primary specific risk, potentially raising insurance costs and restricting certain extensions or landscaping without council approval. However, the absence of flood or heritage overlays simplifies planning risk. The 1960 build offers renovation potential, but condition unknowns—particularly regarding the pool and roof structure—warrant a detailed building inspection. The rental yield estimate of $1,500–$2,000 per week is secondary to the capital growth story here; this is a hold-and-improve proposition in a tightly held pocket.