16/47 Mallacoota Street, Wakeley NSW 2176

Renovated townhouse | 1.87 acres | Wakeley catchment | Bushfire and flood overlay The property presents a rare configuration: a fully renovated double-storey townhouse on 1.87 acres within an established medium-density suburb. For a buyer seeking substantial land holding without moving into a freestanding house, this is competitively strong. The renovation removes immediate capital outlay, while the land size offers future subdivision or extension potential, subject to council approval. It suits buyers prioritising space and school catchment positioning over a pristine risk profile. The bushfire and flood overlays are the primary risk, requiring due diligence on insurance costs and development constraints. However, these overlays may limit competition, creating a buying opportunity for those prepared to manage them. The 2013 sale price underscores long-term appreciation, but current valuation suggests limited short-term upside. The property serves best as a hold for patient buyers who value land content and location over immediate capital growth.