167 Myall Street, Tea Gardens NSW 2324

Heritage home on large lot | Flood overlay present | Near village amenities | Steady rental demand This property presents a rare opportunity to acquire an original, character-filled home on a significantly larger than average block within walking distance of Tea Gardens’ village centre. The lot size of over 1,000 square metres is a substantial and increasingly scarce commodity, offering space and potential that newer subdivisions cannot match. The house itself, with three bedrooms and multiple living areas, is well-suited for a family seeking a lifestyle-oriented home or an investor targeting the steady demand for established family rentals close to shops and cafes. The primary decision point is the heritage overlay, which legally constrains alteration and modernisation, potentially limiting future value growth through renovation. Coupled with the identified flood risk, these factors impose specific costs through higher insurance premiums and reduced flexibility. The current asking price appears ambitious against available valuations. This property is best approached as a long-term hold for a buyer who values character and location over modern finishes, accepting the overlay constraints as the cost of securing a large, central block.