2/59 Old Ferry Road, Banora Point NSW 2486

3 beds | 2 baths | 5 car spaces | 660m² land | flood & bushfire overlays This duplex sits on a generous 660m² block with an exceptional 5 car spaces, which is rare for a three-bedroom unit in Banora Point. The land-to-building ratio is unusually high, meaning the value here is driven more by site size and parking than internal finishes. With air conditioning, built-in robes, a balcony, and garden, it suits downsizers or small families who need extra vehicle storage and convenience to schools, shops, and transport. The 98m² internal area is modest, but the configuration offers practical liveability for those prioritising outdoor space and parking over square metres. The flood and bushfire overlays are material factors that may affect insurance costs and buyer appetite, potentially narrowing the pool to those comfortable with managed risk. The property’s prior sale of $385,000 about nine years ago signals significant land value appreciation, but without verified recent comparable sales, forming a precise price view requires caution. The rental yield estimate of 4.21% suggests reasonable income potential, though the overlays and modest internal size might temper capital growth expectations relative to lower-risk stock in the suburb.