4 Wardell Street, Bungendore NSW 2621

Sold off-market | DHA lease limits use | Adjacent property priced higher | Large lot with multiple living areas This property presents a specific risk through its Defence Housing lease, which restricts owner-occupancy and limits control over the tenant for the lease term, effectively costing the buyer flexibility. The opportunity lies in acquiring a large, well-appointed family home on a substantial lot in a growing suburb, with the lease providing secure initial income. The commercial logic is clear: hold as a medium-term investment until the lease concludes, then reassess for owner-occupation or sale. Its competitive strength is the rare combination of a near-900sqm block with a single-level, modern layout featuring multiple segregated living zones—a configuration highly sought by families. The premium SMEG and Bosch kitchen fittings and ducted air conditioning solidify its position as a turn-key offering. This property serves the investor seeking secure yield or the future owner-occupier planning ahead, capitalizing on Bungendore’s established community infrastructure. Your next step is to scrutinize the lease terms and model the post-lease valuation to crystallize this property’s full potential. A comparable adjacent property at 3 Wardell Street was listed at $1,599,000, offering a slightly larger lot and more bathrooms. This listing price context suggests the subject property’s historical price point may reflect a relative value position, though direct comparison is tempered by its sold status and different configuration.