23 Kowara Cres, Merimbula NSW 2548

23 Kowara Crescent, Merimbula. A single-storey house built in 1975 on 910 square metres. Three bedrooms, two bathrooms, one car space. The lower level contains a fully self-contained one-bedroom apartment with its own living, kitchen, ensuite and laundry. What is competitively strong here is the dual-living configuration on a generous 910 square metre block. The self-contained lower apartment is genuinely rare in Merimbula’s established housing stock, which is mostly single-family homes without separate tenancy. This property sits in a quiet-to-moderate pocket, elevated for space and lifestyle, and the configuration naturally suits investors seeking dual-income potential or families with extended members wanting separation. The block size is generous for the suburb, giving it more flexibility than typical mid-century stock. It is best positioned for a buyer who values income flexibility or multi-generational living over a pristine single-family layout. What might materially affect value is the age of the main structure. Built in 1975, the house is now over fifty years old and no finishes or renovation status are detailed, so a buyer should weigh potential updating costs against the asking position. The property’s dual-living advantage could support a higher valuation if rental demand for separate accommodation is strong locally, but without yield data that remains an assumption. The listing status discrepancy suggests the property may have been withdrawn or is in a quiet cycle, which might indicate seller flexibility or limited urgency. A buyer should verify the apartment’s legal status and any council constraints on separate occupancy before forming a firm price view.