40 Lakeview Parade, Primbee NSW 2502

Waterfront cul-de-sac | Direct lake access & views | 3 bed, 2 bath, dual living | Flood overlay present | Above suburb median positioning This property presents a competitively strong proposition based on its direct waterfront positioning and rarity of offering. A quiet cul-de-sac location backing onto Lake Illawarra provides both tranquillity and direct water access, a combination that is inherently scarce. The two-storey design on a 645m² lot capitalises on the elevation for uninterrupted views. This house serves a buyer seeking a primary residence with a premium lifestyle, or a hold property where the land value is underpinned by its irreplaceable location. The primary decision mechanism is the identified flood overlay, which necessitates specialised due diligence on insurance premiums and potential building restrictions. The absence of recent comparable sales in the report underscores a valuation risk, as the last transacted price is over a decade old. Proceed with an offer only after commissioning a Propcred report to validate the current market valuation against locality-specific flood risks and provide a concrete pre-purchase checklist.