22 Barellan Street, Caves Beach NSW 2281

Elevated dual-level ocean views | Architecturally renovated for multi-generational living | In-ground pool with coastal positioning | One street back from shoreline. This property’s competitive strength lies in its rare combination of dual-level ocean views and a layout purpose-designed for multi-generational households. The downstairs living zone with two bedrooms and separate bathroom effectively functions as an independent suite, while the upper level captures the sweeping coastal panorama. The in-ground pool and deck extend the living space outward, and the fully fenced yard with workshop adds practical utility. For a buyer seeking a single holding that accommodates extended family or generates separate rental income, this configuration is difficult to replicate in this coastal pocket. The primary risk is the premium pricing relative to recent comparable sales, which may limit immediate capital growth. The 24% site coverage and 147m² building footprint constrain further expansion. However, the absence of bushfire, flood, or heritage overlays reduces holding risk, and the NBN Fibre to the Premises supports remote work. The strongest opportunity is to occupy the upper level while leasing the downstairs suite, offsetting holding costs. Hold this property as a long-term coastal residence or a dual-income holding with a clear exit via its scarcity in the Caves Beach market.