1 Orana Avenue Kiama NSW 2533

4 bed house on 578m² |single bath layout |R3 zoning potential |est. $1.5-2.1M value | 2.4% rental yield |auction Apr 12 This four-bedroom house on a 578sqm block suits families or investors eyeing school catchments and renovation scope in a residential setting. The modest building size of 152m² covers 26% of the lot, leaving room for extensions or a full rebuild under R3 zoning with 0.7:1 FSR and 8.5m height limits. Its position near Kiama High School just 0.4km away adds practical appeal for households with school-age children. With only one bathroom across four bedrooms the current layout suits entry-level family use or as a rental yielding around $740 weekly. Similar four-bed houses in the area median at $1.75M and linger 84 days on market, suggesting this one may draw patient buyers open to value-add work. The lack of bushfire, flood or heritage overlays supports straightforward development options. Long-term, the 578m² land holds value amid 2.9% suburb growth, attracting downsizers or developers who prioritise proximity to amenities over turnkey finishes. Reliable NBN and 5G coverage further bolsters its everyday usability. Overall, it positions as a solid hold in a market favoring land banks over polished homes.