11 Park Street, Ilarwill NSW 2463

Corner block | Triple garage | Granny flat potential | Flood-free claimed | Village-coastal proximity The property’s competitive strength lies in its corner-block positioning and substantial three-car garage, a rare configuration in the Ilarwill market that improves access and future subdivision potential. With three bedrooms, two bathrooms, and a dedicated home office area, it is well suited to families seeking space without overcapitalisation, as well as investors pursuing a dual-income opportunity through a potential granny flat development. The flood-free claim, if verified, adds significant buyer confidence in a region where flooding is a known concern. However, the overlay inconsistencies demand independent verification—bushfire, flood, or heritage designations could materially affect insurance costs and development feasibility. The property has been relisted with a wide price gap between asking and automated valuations, suggesting either motivated vendor circumstances or market resistance. The opportunity lies in negotiating below the current asking price, then leveraging the corner block and garage to add value through council-approved secondary accommodation, a move that could substantially lift both rental yield and resale appeal.