26 Sandstone Cres, Tascott NSW 2250

2 bed house on 733m² | Tascott location | large block for its type | value in land not build The buying case rests on land-to-building ratio. With 733m² and only 86m² of internal area, this is effectively a knockdown or major renovation candidate disguised as a livable home. The block size is rare for a two-bedroom house in Tascott, giving a buyer positional leverage: you are primarily acquiring land in a coastal suburb with constrained supply, not a finished dwelling. This suits a buyer comfortable with a medium-term hold and willing to invest in either a modest refurbishment or a full rebuild. The modest current floorplan keeps the entry price lower than equivalent land parcels with a house of similar size, meaning the premium is in the dirt, not the structure. The risk is that the existing house limits immediate rental yield: $590 per week on a purchase in the mid-to-high $800,000s yields under 3.6% gross, which is below replacement cost return and assumes no vacancy or capital works. Holding costs, council and water alone near $3,200 annually, erode that further. The opportunity is to either live in it and renovate incrementally, or secure it as a land bank with rental income offsetting carry costs. The sensible approach is to treat the house as a depreciating asset on appreciating land: buy for the block, not the build, and plan a capital event within five years.