Lakeside frontage | 227m² two-storey | 658m² lot | 3.6% yield estimate | 2005 build
This property’s primary strength is its direct lakeside position, a rare and fixed amenity that permanently differentiates it from the broader Port Kennedy market. The 2005 construction on a substantial 658m² lot provides a modern, low-maintenance family home with strong outdoor living appeal, best serving an owner-occupier seeking a premium outlook or an investor targeting long-term capital growth driven by land size and scarcity. Its estimated value sits below the asking price, indicating a negotiation gap a disciplined buyer can exploit.
Proceed only with a firm valuation contingency, as the listed price carries a premium not yet justified by recent suburb sales. The 3.6% gross yield is adequate but not compelling; this is a capital growth play. Secure it below $1.1 million for a hold period exceeding seven years to absorb market cycles and realise the locational advantage.