62 Novara Cres, Como NSW 2226

4 bed house on 752m² land | Como Public & Jannali High catchments | 23% building coverage leaves expansion room | No overlays simplifies purchase. This property presents a competitively strong offering for a family buyer, primarily through its generous land parcel in a consistent residential setting with confirmed school catchments, a combination that sustains demand. The low 23% building coverage against a 752 square metre block is a rare and tangible advantage in this suburb, providing clear scope for future extension, a pool, or outdoor living space without council overlay complications. Its internal layout, including a rumpus room and workshop, caters specifically to owner-occupiers seeking functional space over cosmetic finish, while the dual secure parking options align with practical family needs. The direct comparable sale on the same street substantiates the market’s willingness to pay a premium for this exact configuration. The decision hinges on accepting the price for land potential over present building quality, as the absence of data on property finishes and building age introduces a material risk of undiscovered capital expenditure. The opportunity lies in acquiring a property where value can be manufactured through strategic improvement, with the commercial logic supported by the per-square-metre rate sitting comfortably within the established range. Proceed with a building inspection to quantify improvement costs, but the fundamentals support a long-term hold for an owner-occupier to capitalise on the land asset and catchment security. A comparable sale at 79 Novara Crescent, a four-bedroom, two-bathroom house, sold for $1,875,000 in February 2025, directly validating the pricing framework for this property. This recent transaction confirms the established market value for homes of this size and type in the immediate locale, providing a credible benchmark for your offer.