17 Wakool Street, Windale NSW 2306

Large rural lot in suburban setting | 4-bed townhouse with dual living zones | Steady rental demand & rising yields | Bushfire overlay with no flood risk This property presents a rare suburban holding with a productive land asset, offering a four-bedroom townhouse on a significantly larger 1.83-hectare parcel. This configuration delivers dual utility: a modern family residence with separate living areas, coupled with substantial land that exceeds typical lot sizes, positioning it for buyers seeking space or future flexibility within the Lake Macquarie region. It best serves a long-term holder, such as a family utilizing the catchment schools or an investor capitalizing on the demonstrated rental growth. The primary risk is the bushfire overlay, which imposes compliance costs and may limit future development. The variable land size reporting requires immediate verification. The commercial logic is in the land banking component; the appreciating land value, not the dwelling, will drive major equity gains. Acquire this as a long-term hold, leveraging its unique lot size as a defensive position in the market. Sales history indicates substantial past growth: – Nov 2012: $130,000 – Aug 2013: $243,000 This trajectory, though dated, establishes a base for the current valuation. The wide estimate range ($830k-$1.11m) reflects the appraisal challenge posed by its atypical lot size.