121 Kiarama Avenue, Kiama Downs NSW 2533

5 bed family home | dual living potential | holiday rental history | pool & ocean views This property presents a rare configuration for Kiama Downs, offering five bedrooms across a generous 803sqm block with a pool and established holiday rental income history. The key buying case lies in its dual-market appeal — it works for a large family seeking a permanent coastal residence, but equally for an investor wanting a high-yield short-term let with proven demand. The discrepancy between sales and rental listing layouts suggests a flexible floorplan that could be adapted without major structural change, which strengthens your negotiating position if you intend to use the space differently. The street’s high owner-occupier rate and elevated position add long-term value stability. The primary risk is the bedroom and bathroom count mismatch, which may require verification through inspection and council records — if the fifth bedroom is a non-compliant space or conversion, it could affect valuation and resale clarity. Additionally, the limited recent comparable sales data in the immediate street makes precise pricing harder, meaning you rely more on the property’s unique features than market comps. The upside is clear: the property has been marketed as a premium holiday let, so if you choose to continue that use, the infrastructure is already in place. The June deadline for offers may work in your favour if you move quickly while the listing is still fresh.