49 Old Ferry Road, Banora Point NSW 2486

Corner block exposure to Ferry Road traffic | Narrow 19% site coverage limits expansion | River views depend on storey | Two separate parking areas reduce usable yard | Serviced by FTTP NBN, not fibre-to-premises The decision to buy at 49 Old Ferry Road turns on whether a buyer can accept that the 234sqm building sits on only 19% of the 1,244sqm block, meaning the remaining land is primarily parking and driveway rather than private garden. That ratio caps future value uplift from subdivision or extension without council consent. The Merbau deck and Tweed River glimpse are genuine lifestyle assets, but the corner position means the vista could be lost to neighbours building up. A prudent buyer holds this as a move-in-ready coastal house with rental support at $1,300 per week, not as a landbank play. What is competitively rare here is the fully renovated interior with stone benches and new bathrooms paired with off-street parking for six vehicles including a boat or caravan, which is hard to find within 10 minutes of Kingscliff and the airport. The house suits a buyer who wants no renovation work, immediate rental yield or a lock-and-leave coastal retreat, and who values the covered parking over a large lawn. For those buyers, the renovation quality and parking capacity make it a stronger proposition than nearby newer builds with smaller blocks. The next step is to commission a building and pest inspection focused on the 1999 original structure beneath the renovations, because the high-quality finishes do not reveal what may be dated framing, wiring or plumbing below grade.