5 Kennedy Street, Gorokan NSW 2263

3 bed, 1 bath, 2 car house | 556m² block with flood overlay | sold 2016 for $451k | later listed as 4 bed configuration This property sits in a standard detached house format for Gorokan, with the 556m² block being a typical mid-sized residential lot for the suburb. The configuration edge is notable — originally recorded as a 3-bedroom house but later appearing as a 4-bedroom listing, which suggests either a renovation or a relisting with adjusted room count. The flood overlay is the most significant site-specific constraint, and given the low ground elevation of 3 metres, this may affect insurance costs and buyer perception. The property is best suited to owner-occupiers seeking an established house in a suburban setting, or investors targeting standard rental accommodation, though the flood risk narrows the demand pool somewhat. The flood overlay and low elevation are the primary factors that may influence value, as they introduce risk perception and potential insurance premiums that comparable properties without this overlay would not carry. The building coverage of 33% on a 556m² block leaves reasonable outdoor space, but the 184m² building size is modest for a 4-bedroom configuration, which may mean some rooms are smaller than expected. The 2016 sale price of $451,000 provides a historical baseline, but without recent comparable sales data, forming a current market view requires caution — the flood overlay and configuration uncertainty are the real variables a buyer should weigh when considering price.