28 Panorama Avenue, Leonay NSW 2750

Corner block | triple garage | self-contained lower level | tightly held Leonay The property’s configuration on a 620m² corner block is its strongest structural advantage—offering separate access and a full bedroom with ensuite and walk-in robe downstairs, which creates genuine multi-generational or income-auxiliary potential rare in this suburb. The triple garage and fully fenced yard with pool and spa further reinforce its appeal to families seeking space and privacy without compromising on location near schools and the Nepean River. This house serves best a buyer wanting long-term flexibility, where the lower level can absorb teenagers, guests, or a home office without disrupting the main living zones. The primary risk is price expectation: the quietlistings band of $1.5M–$1.65M sits well above Domain’s suburb median of $1.2M and recent sales history, meaning the buyer must negotiate hard or accept that premium reflects the corner-block rarity and configuration rather than underlying market support. Rental yield at ~3.07% is modest, so this is not a strong investment play unless capital growth in Leonay accelerates. Hold this property as a principal residence where the layout delivers daily utility, and treat any rental income from the lower level as a bonus rather than a core return driver.