2 Day Circuit, Bungendore NSW 2621

Dual-income configuration | 1120sqm land in walkable Bungendore | Cottage adds flexibility | Street comps support value The property’s strongest advantage is the fully self-contained two-bedroom cottage, which creates a rare dual-income or multi-generational setup on a single title. On a 1120sqm block within walking distance to Elmslea Ponds, this configuration offers a buyer positional leverage that standard four-bedroom houses nearby cannot match. The main house itself provides six bedrooms and two bathrooms, making it suited to extended families or those wanting to offset mortgage costs via the cottage rental. Recent street-level sales near $1.05M for smaller houses suggest the current asking sits within a defensible range, particularly given the additional income stream. The primary risk is that the main house’s two-bathroom layout may feel constrained for six bedrooms, potentially limiting appeal to some family buyers. The modest 1.4% annual growth in Bungendore houses means capital gains are unlikely to be rapid, so the investment case rests on rental yield from the cottage rather than short-term appreciation. The 2016 purchase price of $640,000 indicates significant equity growth, but future returns will depend on maintaining the cottage’s rental occupancy. This property works best as a hold-and-use proposition: live in the main house, let the cottage generate income, and benefit from the land holding in a growing town.