20 Goonda Promenade, Wangi Wangi NSW 2267
20 Goonda Promenade, Wangi Wangi NSW 2267
4 bed tri-level lake view home | quiet cul-de-sac | flexible layout for families or professionals | strong location with lifestyle amenity
The propertyโs competitive strength lies in its tri-level configuration and lake views within a quiet cul-de-sac, offering rare positioning in Wangi Wangi. This layout suits families, retirees, or work-from-home buyers needing multiple living zones and private balcony access from three bedrooms. The 826 mยฒ land with 209 mยฒ building provides space without excessive upkeep, and the absence of flood, bushfire, or heritage overlays removes common constraints. FTTP and 5G connectivity add modern utility.
The primary risk is the recent resale history, sold for $1.2M in 2022 and now back on market, suggesting possible overpricing or buyer caution in a market with 42-day average days on market and limited sales volume. The conflicting estimated values ($989k to $1.46M) indicate uncertainty. The 2017 land price of $224k shows land value appreciation but does not guarantee current returns. For a buyer, negotiating below the $1.2M prior sale price aligns with market evidence. Hold for owner-occupation or medium-term capital growth in a lakeside suburb with steady demand.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 20 Goonda Promenade, Wangi Wangi NSW 2267
Market Insight:
Wangi Wangi offers a premium lakeside lifestyle, attracting an established demographic seeking its scenic waterfront setting. Recent market conditions reflect a softening price trend for houses, with properties taking an extended period to sell. While rental yields remain moderate, future growth is intrinsically linked to its unique location on Lake Macquarie, though the current market demonstrates sensitivity to broader economic pressures.