193 Botanical Circuit, Banora Point NSW 2486
193 Botanical Circuit, Banora Point NSW 2486
Single-storey 4-bedroom | pool confirmed via satellite | 382mยฒ footprint on 746mยฒ | flood overlay active
This propertyโs primary buying case rests on its rare combination of a large single-level footprint and a verified swimming pool on a generous allotment within a cohesive estate. The 382mยฒ building coverage, at 51% site usage, signals a home built for comfortable living without sacrificing outdoor spaceโrare in newer subdivisions. For a family seeking a low-maintenance residence with immediate amenity, the pool and 4-bedroom layout reduce the need for future upgrades. The location within Banora Point, with catchment schools and reliable NBN and 5G, supports steady demand from owner-occupiers, not investors. The estimated value of $1.443m, while dated, positions it below the comparable $1.58m for a similar nearby property, offering a potential entry point below market peak.
The flood overlay is the material risk, and it carries real cost: higher insurance premiums, reduced resale pool, and tighter lending criteria. Buyers must verify the overlayโs severity and whether the property has flooded historically. The lack of sales history or ownership data suggests limited recent turnover, which may indicate holding patterns or seller reticence. On opportunity, the pool and size make it a strong candidate for a long-term family hold, not a flip. If the flood risk is manageable, this property suits a buyer who values immediate livability over speculative gain. Hold for at least seven years to amortise transaction costs and let location demand firm up.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Banora Point presents as a mature, high-demand coastal market, characterised by strong capital appreciation and a notably active sales environment. Demand is driven by its established residential appeal, attracting both owner-occupiers and investors, as evidenced by rapid sales and significant rental growth. The market exhibits robust price momentum across both houses and units, with conditions favouring sellers given low average days on market. Future growth is underpinned by sustained buyer interest and tight rental conditions, though the established price point may present an affordability constraint for some entrants.