44 First Avenue N, Warrawong NSW 2502

1950s freestanding house | 600m² block, 21% coverage | Warrawong catchment | New to market, not yet listed This property offers a rare configuration advantage in Warrawong—a 600m² block with only 21% building coverage leaves substantial room for extension, a secondary dwelling, or a pool without compromising the existing three-bedroom layout. The 1950s build is structurally straightforward and sits on elevated ground at 33m, which reduces flood risk and improves passive cooling. For a buyer seeking land value over finish, this house competes well against newer stock on smaller blocks, and the school catchment adds family buyer demand. It best suits an owner-occupier or investor willing to renovate or develop incrementally. The main risk is the single bathroom and one-car space, which will limit appeal to families with multiple vehicles or those wanting immediate move-in convenience. No sales history means the buyer lacks a price floor for negotiation, though the comparables at 34 and 60 First Avenue suggest upward pressure. Opportunity lies in the unlisted status—approaching before a formal campaign could secure a discount. The NBN Fibre to the Node and 5G coverage are supporting rather than decisive. Hold this property for land appreciation and consider a modest bathroom addition to lift rental yield above the estimated $655 per week.