39 Cammaray Drive, St Georges Basin NSW 2540

Vacant elevated block | quiet established street | potential water views | moments from shoreline This block offers a rare configuration in an established street where most sites are already built out, giving a buyer positional scarcity that is difficult to replicate. The gentle slope and 16-metre elevation provide a genuine opportunity to capture water views from a well-designed first floor, which is the primary value lever here. With no bushfire, flood, or heritage overlays, the site carries low due-diligence risk and suits a buyer wanting to build a family home in a catchment for St Georges Basin Public School and Vincentia High School. The 81% owner-occupier rate in the suburb signals stable neighbourhood demand, which supports both future resale and rental exit strategies. The main risk is that the property has no recorded sales history and minimal building coverage detected, meaning a buyer cannot rely on prior transaction benchmarks for negotiation leverage. The estimated values from different sources sit above the price guide, so a buyer should treat the guide as an entry point rather than a ceiling. There is no internet connection detected, which may add a small cost for NBN connection but is not a structural issue. The opportunity lies in buying below the estimated value range and building a home that captures the view line, which would lift the property into a different price bracket. Hold the land until construction is feasible, or build and hold for long-term equity growth in a tightly held street.