22 Anzac Road, Long Jetty NSW 2261

Rare 1,087m² R3 holding | North-facing elevated lakeside block | Cottage plus bunkhouse | First-home, investor, developer crossover appeal This property’s competitive strength lies in its configuration as a low-coverage (18%) holding on a north-facing, elevated 1,087m² R3-zoned lot in a tightly held lakeside suburb,a combination rarely available. The existing cottage and bunkhouse offer immediate rental or multi-generational use, while the zoning signals medium-density upside that developers and land-bank buyers will price into their bids. The property serves best a buyer who can hold for 3–5 years and either redevelop or sell the entitlement uplift. The primary risk is the detected flood overlay, which may constrain buildable area, increase insurance costs, and slow approval timelines,costs a buyer must quantify before bidding. The absence of recent sales data and a short 6-day market history suggest price discovery is incomplete; comparable sales at 23A and 45 Anzac Road anchor a value range but do not capture this lot’s size advantage. Commercial logic: buy for land value per square metre below replacement cost, hold for zoning uplift, and use the existing dwelling for rental cover. The correct approach is to treat this as a land play with a cash-flow buffer, not a finished home.