115 Paterson Street, Byron Bay NSW 2481

Central Byron Bay | Rebuilt 2020 | Pool and 650sqm lot | Walk to beach and town The property’s competitive advantage rests on its combination of a full 2020 rebuild on a 650sqm block within walking distance of Byron’s core, a rarity in this market. The ducted climate control and pool remove the two main compromises of coastal living, making it immediately habitable without further work. This suits a buyer seeking a turnkey lifestyle property or a high-yield rental, as the $3,500 weekly rent already demonstrates market acceptance of the finished product. The main risk is the price premium paid for the central location and rebuild, which leaves less margin for error if the market softens. The 2019 purchase price of $1.18M pre-renovation shows the uplift is already captured, so future growth relies on broader Byron demand rather than latent value. There is no planning overlay risk, and the 31% site coverage leaves theoretical scope for future expansion. This property should be held as a long-term lifestyle or income asset, not a short-term flip.