49 Elliot Street, Gloucester NSW 2422

3 bedroom house | 993sqm block | deep yard potential | quiet Gloucester street This property offers a strong buying case for those seeking space and renovation upside. The 993sqm land holding is significantly larger than typical residential lots in Gloucester, providing rare extension or redevelopment optionality. The standard three-bedroom, one-bathroom configuration positions it as an accessible entry point for families or investors wanting to add value through cosmetic or structural improvements. Its appeal is strongest for buyers prioritizing land content over immediate turnkey condition. The principal risk lies in the property’s dated condition, which will require capital expenditure to realize its potential. This cost must be factored into any offer below the estimated range. The lack of recent sale data on this specific address means comparable sales on Elliot Street are critical for pricing discipline. The opportunity is to acquire a large block in a stable town market, where land scarcity supports long-term holding. Use this property as a renovation project or hold for future subdivision potential, subject to council approval.