380 Keen Street, East Lismore NSW 2480

| 2.03 ha landholding | mixed rural-residential zoning | 90% owner-occupier street | below-median entry point | The property’s defining advantage is its 2.03 ha land size, a rarity in East Lismore that positions it as both a residential home and a small-scale rural holding. The street’s 90% owner-occupier rate and low renter turnover signal strong neighbourhood stability, while the median for 3-bedroom houses in the suburb sits at $600,000, suggesting the current listing may offer negotiating leverage given the 2022 sale price. This configuration best suits a buyer seeking space for hobby farming, extended family, or a lifestyle shift without leaving town proximity. The primary risk lies in the property’s dual classification as house and farm, which may complicate financing or insurance if lenders apply rural criteria. The 2022 sale at $700,000, followed by a relisting within three years, could indicate vendor urgency or a market that has not appreciated in that pocket. However, the large block and low street turnover create a scarcity factor that typically holds value better than standard residential lots in softer markets. Buyers should verify zoning allowances for any intended use beyond residential.