22A Medway Drive, Mount Keira NSW 2500

Modern architectural home | Elevated sea-view setting | Rare 310sqm build on 268sqm lot | Flood overlay consideration The property’s primary buying case rests on its uncommon configuration—a 310sqm building footprint on a compact 268sqm lot, which delivers substantial internal volume without the land cost penalty typical of larger sites. Raked ceilings, timber flooring, and the covered alfresco area with sea views create a premium lifestyle product that competes well against newer townhouses in the area. The oversized master suite with walk-through robe and the flexible second living area add functional depth for families or professionals seeking separation of spaces. For a buyer targeting Mount Keira’s school catchment and proximity to Wollongong’s CBD, this property positions strongly as a low-maintenance, high-amenity residence that suits owner-occupiers more than investors given the yield compression at current pricing. The flood overlay is the material risk here—it constrains financing options and may affect insurance premiums, which a buyer must verify before proceeding. The 268sqm lot limits future subdivision potential, so the property’s value growth will track with the dwelling’s desirability rather than land appreciation. On the opportunity side, the high ceiling in the remote garage offers conversion potential for a home office or gym, adding utility without altering the footprint. The rental range of $1,085–$1,200pw provides a credible holding strategy if circumstances change, though the property’s strongest use remains as a primary residence where the design features and outlook are fully captured. Hold for medium-term lifestyle and capital preservation rather than short-term flipping.