11 Jellico Street, Macksville NSW 2447

Multi-level family home | 775m² flood-zone lot | 4-car garage | pool and solar | 5% gross yield This property presents a specific and competitively strong proposition for a buyer seeking substantial space and amenity within its locale. Its four-level design, four secure parking spaces, and 775 square metre land parcel are rare configurations that materially exceed typical local stock, directly serving a large or multi-generational family. The inclusion of a swimming pool, solar panels, and dedicated features like a wine cellar positions it above the area’s baseline for both owner-occupier appeal and rental desirability. A buyer is effectively acquiring a newer-built, high-capacity house that caters to a durable demand segment for spacious family living, with the estimated rental yield suggesting solid income fundamentals. The primary decision mechanism is the flood overlay on a lot with a three-metre ground elevation, imposing recurring insurance costs and potential capital value volatility that a buyer must underwrite. The absence of recent comparable sales data in the results necessitates rigorous, independent valuation to challenge the $680,000 estimate. The commercial logic lies in leveraging its above-average attributes to secure long-term tenants or owner-occupier enjoyment, accepting the flood risk as a discounted entry into a larger, more amenity-rich property. Hold this as a long-term family residence or investment, with the clear understanding that its locational risk is permanently factored into its operational cost and eventual exit price.