1 Cross Street, Toukley NSW 2263

Absolute waterfront 800sqm | restored 1960s bungalow | elevated out of flood zone | rare village-lake position The property’s competitive strength lies in its combination of absolute waterfront land, a rare 800sqm parcel, and a finished renovation that removes immediate capital outlay. The 3-metre ground elevation and confirmed absence from flood overlay distinguish it from most lakefront offerings, reducing insurance and risk premiums for a buyer. This house is best suited to a buyer seeking a permanent residence or a high-end holiday let with immediate amenity, where the nostalgic exterior and modern interior create a defensible position against newer, less characterful builds. The primary risk is the value gap between the two estimates, which suggests the market has not yet settled on a ceiling for this property. The off-market status and private treaty sale in 2023 indicate a seller who may be testing price rather than transacting quickly. For a buyer, the opportunity is to negotiate below the higher estimate by referencing the 2018–2023 growth trajectory and the fact that the block, not the house, drives long-term value. Hold for capital growth tied to waterfront scarcity, or use as a short-term rental to offset holding costs while the market firms.