23 Charles Street, Smiths Lake NSW 2428

Elevated position | 200m² floorplate | Bushfire overlay | Tight Smiths Lake stock This house occupies a rare intersection of generous floor area and elevated positioning within a tight coastal market where only one other property is actively listed. The 200m² building footprint with a main bedroom balcony and modern kitchen gives it a structural advantage over the typical holiday shack, while the 573m² lot and dual garage space make it a genuine permanent residence candidate. It serves buyers wanting a solid, move-in-ready home in a low-supply pocket with school catchment access rather than a speculative flip. The bushfire overlay is the primary constraint—it raises insurance costs and may limit some renovation pathways, though the flood and heritage clearances reduce headline risk. The 2015 purchase at $315,000 and current guide of $729,000 show material capital growth, but the medium confidence value estimate of $787,000 suggests the asking price is not a discount. Hold this as a long-term coastal base or rental; the rental yield at $670pw is solid for the area, and the supply scarcity supports steady appreciation.