13 Koerber Street, Bermagui NSW 2546

4-bedroom house on 743m² lot | 2 living areas & 2 garages | No bushfire or flood overlays | Fixed Wireless NBN updated 2024 This property presents a competitively strong landholding in a low-density street context, with its 743-square-metre lot and 25% building coverage offering clear expansion potential unseen in newer subdivisions. The absence of bushfire or flood overlays removes significant insurance and development friction, a notable advantage in the region. Its dual living areas and four-bedroom configuration best serve a growing family seeking space, or an investor targeting the long-term rental demand for larger homes in catchment areas for Bermagui Public and Narooma High schools. Decision hinges on reconciling speculative valuation gaps with the tangible cost of absent data on building age, condition, and precise comparable sales. Proceed only with a building and pest inspection to quantify renovation risk, and a formal valuation to anchor price in the $849,000 to $1,100,000 range. The commercial logic is in the land bank; hold for long-term capital growth or use the unencumbered lot to build a multi-generational living arrangement, as the fundamentals support both. The sales history shows a 44% increase from $362,500 in 2014 to $524,000 in 2018. This past performance, while strong, underscores the necessity of a current, independent valuation to navigate the wide discrepancy in present estimates and establish a rational purchase price.