31 O'Connell Street, Monterey NSW 2217

Dual-living floorplan | 5-bedroom house | 486m² near Monterey beaches | Auction tomorrow The property’s primary competitive advantage is its fully self-contained dual-living configuration, which is rare in this coastal pocket and effectively functions as two separate dwellings on a single title. This setup gives a buyer immediate income offset potential or multigenerational flexibility without the cost of subdivision. The recent renovation—new kitchen, carpets, paint—removes the need for immediate capital outlay, and the drive-through side access to a detached garage adds practical utility for trades or storage. It serves best an owner-occupier wanting rental help or an investor seeking yield in a tightening Bayside market. The main risk is the auction timing: with no guide price and only two days on market, the vendor may have an unrealistic expectation or a short campaign designed to force a decision. The buyer should factor in that comparable sales around $1.82 million for a smaller, unrenovated property suggest the upper end of the estimated range may be ambitious. However, the dual-income potential and location near beaches, park, and the new M6 access create long-term capital growth logic. Hold this property for rental split or eventual strata subdivision if council policy shifts.