1 Paroa Avenue, Lemon Tree Passage NSW 2319

3-bed house | 632sqm block | Port Stephens | strong rental demand | no overlays This property presents a compelling entry point into the Lemon Tree Passage market, where the 632sqm block with no bushfire or flood overlays is a rare combination of low-risk land and functional layout. The three-bedroom configuration serves a broad buyer pool, from owner-occupiers seeking a foothold in the Port Stephens area to investors targeting the $590-$680 weekly rent range. The street context shows consistent demand, with nearby sales at #14 and #9 confirming price support around $667,000 to $740,000, and the 46% of long-term holders on Paroa Avenue signals a stable, low-turnover neighbourhood that protects resale value. The property’s positioning within the Tanilba Bay Public School and Hunter River High School catchments adds a demographic anchor that sustains rental interest from families. The primary risk is the narrow margin between the $797,000 estimated value and the $800,000-$820,000 asking price, which leaves little room for negotiation or value growth without further market movement. The conflicting parking count—two versus three spaces—may create a minor friction point for buyers who require secure parking for multiple vehicles. The 2020 purchase at $416,000 reflects a near-doubling in five years, suggesting the price has already captured significant capital gains, and further upside will depend on continued demand in the Port Stephens corridor. The opportunity lies in the rental yield, which at $635 per week on a $800,000 purchase yields approximately 4.1%, above the national average for houses, and the FTTP NBN connection supports remote worker appeal. Hold this property as a long-term rental in a low-turnover street, or occupy it to lock in a stable home base with strong school catchment fundamentals.