40 William Street Murwillumbah NSW 2484

Large block in low-density zone | Flood overlay risk | Classic home with enhancement potential | Strong rental yield signals This property presents a clear trade-off between its inherent physical risk and its financial logic. The confirmed flood overlay introduces a material insurance and future liquidity cost that will permanently weigh on capital growth. Offsetting this is a functional two-bedroom layout on a substantial parcel in a standard residential zone, generating a near four percent gross rental yield. This positions the house as a hold for a cash-flow focused investor who can underwrite the flood risk, not a speculative play. Its competitive strength lies in the rare combination of a 511-square-metre block under low-density zoning and a classic, liveable structure. This provides immediate utility and a long-term option for enhancement or reconfiguration, a flexibility absent in newer, smaller lots. It serves the practical investor or a downsizer seeking character and space without premium pricing, within established school catchments. The reliable connectivity supports modern work-from-home needs. Your next step is to quantify the flood premium through a specialist report and adjusted insurance quotes, which will crystallise the true holding cost against its income potential.