16 Carawa Street, Wangi Wangi NSW 2267

Quiet waterfront street | near-level 912sqm block | generous rooms with high ceilings | two years on market The near-level 912sqm block on a quiet street 400m from the lake is the standout competitive edge here,rare in this price band. The generous room sizes and high ceilings give the house a spacious feel that vinyl-clad homes of this era often lack, making it more livable as-is. This property best serves a buyer who wants waterfront proximity on a manageable block without paying a premium for a renovated interior, or someone looking to hold land in a 78% owner-occupied suburb where supply is constrained. The two-year listing history signals that the house has been overpriced relative to its condition and the 18 Carawa Street comparable at $800,000 for a larger home on a smaller block. The single bathroom and dated vinyl cladding are functional limitations that will narrow the buyer pool at resale, and the asking position likely still carries a premium for the block size. A buyer should negotiate hard off the 18 Carawa Street sale, use the holding cost of a long listing to extract a discount, and treat the house as a land play with a livable shell,renovate only if the numbers work after acquisition.