12A Norfolk Street, The Entrance NSW 2261

Near-new duplex | elevated lake views | quiet cul-de-sac | under builder’s warranty This property presents a competitively strong proposition as a near-new, high-specification duplex in a tightly held location. Its configuration of four bedrooms and three bathrooms is rare for a semi-detached house in this area, offering a scale of accommodation typically found in larger freestanding homes, while the elevated position capitalises on desirable lake views and sunset aspects. The property serves best as a low-maintenance, move-in ready home for a professional or downsizing buyer seeking a lifestyle position close to the water, or as a high-quality rental investment with modern appeal to attract long-term tenants. The builder’s warranty remaining provides an additional layer of security for the immediate term, mitigating early maintenance concerns. The primary risk mechanism is the identified flood overlay, which necessitates specific due diligence regarding insurance premiums and potential future resale constraints from a narrower buyer pool. The commercial opportunity lies in acquiring a modern property in a suburb where comparable new stock is scarce, positioning it to outperform older, unrenovated duplexes in both capital growth and rental appeal. Given its characteristics, the judgment call is to treat this as a long-term hold to realise the value of its premium finishes and location, rather than a short-term trade. Recent comparable sales data establishes context: – 12 Norfolk St (paired duplex): Sold 2016 for $525,000; now estimated at $1,418,000 on a similar 290m² lot. – 11B Norfolk St: Estimated value $1,028,000 on a larger 558m² lot. The significant appreciation of the directly comparable duplex at 12 Norfolk St underscores the suburb’s strong market movement, while the lower valuation for a larger lot at 11B Norfolk St highlights the premium commanded by newer, superior builds. This supports a value inference that the subject property’s near-new condition and views justify its positioning above older stock, though its valuation must be scrutinised against the flood overlay’s impact.