29 Plunkett Drive, Lake Albert NSW 2650

Large 1859m² block | 532m² building | pool confirmed | blue-chip Lake Albert | 100% owner-occupied street This property occupies a rare configuration: a 532m² home on a 1859m² block in a street with zero rental turnover, which compresses supply and insulates value. The 29% site coverage signals generous living space without sacrificing land, and the pool adds a lifestyle premium that aligns with family buyer demand in this suburb. The 6m roof height and elevation of 196m provide passive thermal advantage and flood-free positioning, which matters in this region. This house suits a buyer seeking a long-term family home with holding power, or an investor targeting the high end of the rental market where vacancy is structurally low. The main risk is price discovery: the street has no recent sales, and the property’s estimated value range is wide at $1.67m–$2.07m. The buyer pays for being the first to test this price point. The 2016 purchase at $840,000 implies a land-plus-improvement cost base that is now trading at a significant premium, so the buyer must rely on future scarcity rather than past comparables. The opportunity lies in the block’s subdivision potential if zoning allows, but no overlay data confirms that. Hold this property for its positional scarcity and low turnover street, not for short-term capital gain.