12B Mallangong Close, Figtree NSW 2525

4 bed duplex | 3 bath, dual living | Figtree city fringe | tenanted to 2026 | renovated kitchen, deck This property offers a rare configuration advantage in a tight market: four bedrooms and three bathrooms across two living levels on a manageable Torrens title block, with a tenant in place until August 2026. For a buyer seeking immediate yield without vacancy risk, or a family wanting separation of spaces, the downstairs rumpus and covered deck create genuine functional depth. The renovated kitchen and air conditioning reduce immediate capital outlay. Figtree’s high owner-occupier profile and proximity to Wollongong’s employment and health precincts underpin steady demand. This suits an investor prioritising cash flow or an upsizer trading yard size for lock-and-leave convenience. The primary risk is price discovery: an expressions of interest campaign with limited comparable sales on the street means the buyer must anchor offers to the $1.1–$1.3M recent sale at 11 Mallangong Close, not aspirational vendor expectations. The 309m² land is modest for a duplex, limiting future subdivision or extension upside. The existing tenancy, while providing income, restricts owner-occupier access until 2026. Opportunity lies in negotiating below the estimated $1.316M value given the six-day market exposure. Hold for rental return and capital growth driven by Wollongong’s constrained supply, or occupy after lease expiry for a turnkey family home.