12 Carinmoney Avenue, Warilla NSW 2528

1960s brick house | flat 582m² R3 zoned lot | renovated 2021 | tandem garage | no overlays This property presents a competitively strong proposition due to its flat, R3-zoned lot, which is rare for the area and provides immediate utility and future optionality. The 2021 renovation of key wet areas modernises the house for a tenant or owner-occupier, while the lack of environmental overlays simplifies due diligence. It serves renovators seeking extension potential, investors capitalising on strong rental demand, and first-home buyers entering a established catchment. The decision hinges on paying a premium for the zoning potential, as the price reflects the land value more than the existing house. The risk is overcapitalising if medium-density development is not pursued; the opportunity is to secure a strategic lot before broader infrastructure upgrades. Hold as a rental with a view to a future subdivision or significant extension, as the current configuration does not maximise the site’s income or value. Sales history shows a significant uplift from its 2020 sale at $550,000, indicating strong capital growth in the period. The nearby comparable at number 13, estimated at $919,000, suggests the asking price is broadly aligned with immediate street values. This supports the valuation but leaves little margin for error without realising the lot’s development potential.