2/4 Essendene Road, Shoal Bay NSW 2315

Rear block privacy | 879sqm land | Tenanted to October | Tightly held Shoal Bay This property offers a rare combination of a freestanding house on a substantial 879sqm parcel in a tightly held coastal suburb, where median house prices exceed $1.26 million. The rear position provides privacy and a low-maintenance layout, while the existing tenancy until October delivers immediate income for an investor seeking a set-and-forget entry into the Shoal Bay market. The configuration suits downsizers or first-time buyers who value proximity to the beach and local amenities over a premium finish. The primary risk is the limited recent sales evidence on the street, making precise valuation difficult, and the auction clearance rate of 0% for two-bed houses in the suburb signals cautious buyer sentiment. However, the 879sqm land component is significantly larger than typical for a two-bedroom house, offering potential for future subdivision or redevelopment subject to council approval. The current tenancy provides income stability while the buyer evaluates longer-term options, and the strong owner-occupier ratio on Essendene Road suggests a stable neighbourhood with limited turnover.