43 Westbrook Parade Gorokan NSW 2263

Corner block with boat storage | Opposite school | Full renovation | Bushfire overlay This property presents a competitively strong offering due to its fully renovated condition on a large corner block, a configuration that provides rare utility for vehicle or boat storage. Its position directly opposite a school and within walking distance to major shopping capitalises on enduring family demand, making it particularly suitable for an owner-occupier seeking convenience or an investor targeting the family rental market. The recent comprehensive renovation mitigates immediate capital expenditure, positioning the buyer with a modernised house in a growth suburb. The primary decision factor is the bushfire overlay, which imposes specific risk mechanisms through potential construction costs, ongoing maintenance obligations, and possible insurance premiums. The commercial logic lies in the suburb’s demonstrated growth, where the recent sale price below the current estimated range suggests acquired equity. This property is a hold for the medium term, leveraging its rental yield and land size. A Propcred report would specifically validate its real market valuation against recent comparable sales, detail the bushfire overlay’s exact insurance implications, and provide a locality risk checklist. The property sold for $732,500 in May 2025. The current median sale price in the immediate area is $780,000, indicating the purchased price was below median. With the suburb experiencing 9.1% growth, this recent transaction provides a credible basis for the current valuation and suggests potential short-term equity gain.