5 Lomond Street, Wakeley NSW 2176

flood overlay flagged | inconsistent bedroom count across records | 1980s house on 559sqm | close to Westfields Sports High This property presents a competitive entry point into Wakeley for a buyer focused on land value and location rather than turnkey condition. The 559sqm block on a residential lot in Fairfield Council is the primary draw, offering future potential in a suburb where such parcel sizes are increasingly uncommon. Its proximity to Westfields Sports High School adds a strong demographic anchor, and the absence of bushfire or heritage overlays simplifies planning pathways. The property best serves a buyer with medium-term renovation or rebuild intentions, rather than someone seeking immediate occupancy with consistent specifications. The flood overlay is a material risk that demands due diligence on insurance premiums and council development conditions before proceeding. The conflicting bedroom and bathroom counts across records suggest either unapproved alterations or data decay, which a building and pest inspection must clarify. On the opportunity side, the rental yield around 2.6% supports a hold strategy if purchased near the mid-$1.4m estimate, and reliable NBN and 5G coverage add modest lifestyle appeal. The key is to verify the floorplan and flood impact before negotiating.