11 Richard Avenue, Lemon Tree Passage NSW 2319

| Price above recent estimates | Quiet street near water | Suits families, car enthusiasts | No recent sale to gauge growth | 25+ years since last trade The asking range sits roughly 15-20% above recent property estimates, which introduces a measurable overpay risk unless the vendor concedes. The long ownership since 1999 offers the seller significant equity buffer, meaning price negotiation may prove rigid. The house carries real opportunity in its side-access shed and proximity to the waterfront, but the buyer must secure a discount toward the lower estimate to avoid immediate negative equity. This property suits an owner-occupier who values functional space and parking over short-term capital gain, not an investor seeking yield. What makes this house competitively rare is the combination of a large shed with six parking spots, a modernised interior, and being 100 metres from the water on a quiet street, all on a 569 m² block. The ground-floor living and separate meals area optimise family flow, and the air-conditioned family room adds comfort. This property best serves a household needing substantial vehicle or workshop space near the water. The next step is to commission a building and pest inspection and test the vendor’s willingness to negotiate towards the $1,050,000 mark, anchoring your offer on the valuation gap.