3 Ellen Street, Bellambi NSW 2518

Corner block | 997m² land | 1960s cottage | Under contract This property’s primary strength is its substantial corner block in a tightly held suburb, offering future subdivision potential or space for expansion that is increasingly rare at this price point. The four-bedroom layout suits a family seeking entry into the Bellambi catchment for local schools, with the recent rapid sale indicating strong underlying demand for well-located land. It serves a buyer prioritizing land value over immediate modern finishes. The decision hinges on paying a significant premium above the Domain estimate and the 2022 sale price for future potential, not present condition. Without data on comparable sales or property condition, the contracted price carries risk of overcapitalization. Proceed only with a building and pest report to quantify renovation costs, and view this as a long-term land hold with a liveable house, not a short-term gain.