23 Rhodes Parade, Windermere Park NSW 2264

4-bedroom family house | 751m² flat land | 19% building coverage | Lake Macquarie council area This property offers a rare combination of generous land area and modest building footprint, giving a buyer significant future flexibility. The 19% building coverage on a 751m² site means substantial room for extension, a granny flat, or landscaping without compromising outdoor space. Positioned within a stable owner-occupied street with 65% owner-occupancy, the house suits families seeking Bonnells Bay Public School catchment and proximity to Lake Macquarie amenities. The ducted cooling and deck add immediate liveability, while the rental yield of 4.08% provides a credible fallback if plans change. The primary risk is the property’s new-to-market status, which may attract competition and push price toward the upper valuation range. No flood or bushfire overlays reduce insurance costs, but the 9m ground elevation and 7m roof height limit any future second-storey addition without council variance. Fibre to the Node connectivity is adequate but not a premium feature. For a buyer, the commercial logic lies in acquiring the land at a fair price and holding for capital growth, with the option to renovate or subdivide later. Use this property as a long-term family home or a low-maintenance rental with expansion optionality.