35 Myuna Street, Dalmeny NSW 2546

Dual occupancy lakefront | 7-bed split-level | Self-contained lower unit | Walk to shops and beach The property’s strongest buying case is its dual-occupancy configuration on a lakefront parcel, a rare combination in Dalmeny. Two fully self-contained dwellings under one title effectively deliver two income streams or multigenerational living without subdivision costs. The lower three-bedroom unit has been separately rented, confirming tenant demand, while the upper four-bedroom portion captures lake views and indoor-outdoor flow. For a buyer seeking yield plus lifestyle, this structure reduces holding costs and offers flexibility,owner-occupy one side, let the other. The location, within walking distance to shops, beach, and club, supports strong holiday and permanent rental appeal, particularly given the area’s older demographic profile (53% aged 60+) who may value single-level lower living. The primary risk is the price step-up from the 2022 sale, reflecting both market movement and the cost of conversion work,buyers should verify council approval for the dual-occupancy setup and any outstanding compliance. The building coverage at 34% leaves some land buffer, but the 566m² lot is modest for a dual dwelling, limiting future expansion. Stamp duty near $73,000 adds to entry cost, so the numbers only work if rental income from both units is achievable year-round. The lakefront position is a genuine scarcity, and with no flood or heritage overlays, insurance and redevelopment risk are low. Hold for cash flow via dual rental, or occupy one unit and let the other offset mortgage,either way, the configuration is the value.