36 Elphinstone Street, Cabarita NSW 2137

Guide under market | 3-bath floorplan limits layout | pool on small block costs yard | no recent sales to anchor value The guide sits below mid-range value estimates, which creates a tactical entry point but carries the risk of a bidding war that erases that gap. Three bathrooms in a 178m² single-level floorplan compresses living space, so a buyer pays for bathroom count without proportional utility. The pool on a 525m² block consumes land that could otherwise support extension or alfresco dining, and maintenance costs here run roughly $3,000 to $5,000 annually without adding resale premium in this suburb. This property works best as a hold-to-renovate proposition, where the land position between two golf courses provides scarcity that outweighs the current house awkwardness. The freestanding nature on a bayside parcel with no easements is rare in Cabarita, giving a buyer positional leverage that most recent sales cannot match. Wide frontage and side driveway support a rebuild or dual-living configuration, which is competitively strong against neighbouring properties that lack parking or private access. This suits a buyer who values land banking with immediate rental income, as the $1,425 weekly rent offsets holding costs while council approvals progress. To secure this at the guide, move fast with a pre-auction offer and a 30-day settlement to preempt competition from developers who see the same land logic.