134 Grand Parade, Bonnells Bay NSW 2264

Double-storey water-view house | Five bedrooms on mid-sized block | R3 zoning signals redevelopment potential | Renovation condition creates value opportunity A larger-than-average house on a mid-sized block is offered here, with a water outlook that is a limited commodity in this lakeside pocket. The double-storey layout and five bedrooms provide flexibility that is not commonly found in entry-level stock. R3 zoning is a distinctive characteristic that may appeal to those considering future intensification or redevelopment. This property is best suited to buyers who prioritize location and potential over immediate turnkey finish, particularly those with renovation experience or a long-term value-add approach. The renovation requirement might be expected to suppress immediate market value, but it also positions this property as an entry point below finished equivalents. The zoning and configuration could be regarded as supporting a future value uplift that outpaces the initial purchase cost. A buyer should weigh the total investment including renovation against the likely post-work value in this setting, where the water outlook and block size are genuinely hard to replicate.