25 June Parade, Woonona NSW 2517

Original condition | large 763m² block | ocean glimpses | granny flat potential | high-demand Woonona pocket. The buying case rests on the land: a rare 763m² block in a tightly held pocket where most properties are owner-occupied and turnover is low. The existing house is functionally obsolete, but that positions the buyer to pay only for the site, not the dwelling. The large rear yard, generous depth, and absence of flood or bushfire overlays make this a strong candidate for a granny flat or a full rebuild, subject to council approval. Ocean glimpses from the pool area add lifestyle appeal that supports future resale. This property best suits a buyer who can hold for 12–18 months and execute a renovation or development with a clear timeline. The primary risk is the condition: the house is tired and worn, meaning immediate capital outlay for any habitable use. Rental income at $950–$1,120 per week is possible but requires cosmetic work first. The listing price sits below Domain’s mid estimate, which implies upside, but that gap reflects the renovation burden. Commercial logic favours a buyer who can fund the work without bridging finance. Hold as a long-term land bank or renovate to sell into the established owner-occupier demand; do not buy expecting a quick flip without a costed plan.