20 Jacaranda Avenue, East Lismore NSW 2480

Renovated dual-living potential | 531m² flood-free elevated block | 1km to hospital, university, schools | 9.7kW solar & ducted air. This property presents a competitively strong proposition through its dual-living configuration and strategic location. The renovation has expanded the house to four bedrooms and two bathrooms, with a self-contained ground floor that creates immediate income potential or flexible family accommodation. Its position on a 39m elevated site in a quiet street, explicitly out of flood zones, is a rare and defensible advantage in the Lismore area. The combination of original character features with modern systems-including ducted air conditioning, a substantial solar array, and quality bathroom finishes-caters directly to owner-occupiers seeking low-maintenance living and to investors targeting the professional or student market proximate to major amenities. The absence of planning overlays simplifies the buying process and future development potential. Proceed with the understanding that the primary risk is market validation, as the renovation and dual-living appeal are untested since its 2016 sale. This necessitates a stringent building inspection to quantify the quality of the recent works and confirm the legality of the lower-level configuration. The opportunity lies in acquiring a modernised, income-capable house in a tightly held location where flood-free properties command a premium. The commercial logic supports a hold strategy of five to seven years, leveraging rental income to offset holding costs while capitalising on the area’s infrastructure stability. Execute a purchase below the estimated upper range, as the lack of recent comparable sales in the data requires a conservative valuation to mitigate overpayment risk.