4/16 Schnapper Road, Ettalong Beach NSW 2257

Villa in quiet rear complex | 1104m² large lot | Flood overlay present | Last sold 1997 | Fibre to the Node This property presents a rare opportunity to acquire a three-bedroom villa on an exceptionally large 1104 square metre parcel, a configuration that provides significant scarcity value and future flexibility within a low-density complex. Its tucked-away position at the rear ensures privacy and quiet, serving a buyer seeking a low-maintenance home with substantial outdoor space. The extended tenure since its last sale in 1997 suggests a motivated vendor, while the large land component within a strata scheme is a distinct competitive edge for a townhouse. The primary decision mechanism is the flood overlay, which imposes insurance costs and potential future capital constraints, directly offsetting the land size advantage. The wide valuation discrepancy between sources indicates market uncertainty, likely tied to this overlay and the atypical lot size. Acquire this property only if the discounted price fully capitalises the flood risk, targeting long-term hold for owner-occupation to realise the land value, as its complexity undermines its investment yield profile.