54 Meredith Avenue Lemon Tree Passage NSW 2319

4 bed brick home on 696m2|Needs renovation work|Listed $650-670k|Last sold $375k in 2019| Steady appreciation potential. This four-bedroom house on a 696sqm block suits renovators or families planning updates in a residential setting near local schools. The generous land size at 696sqm provides solid scope for extensions or outdoor living, with low 27% building coverage leaving room to expand the existing 187sqm structure. Positioned in a quiet street without flood, bushfire or heritage constraints, it aligns with straightforward residential zoning in Port Stephens Council. Properties like this, requiring internal work but offering four bedrooms and reliable NBN plus 5G, typically draw hands-on buyers seeking value over turnkey finishes. Its sales history shows consistent gains—from $130k in 2011 to $375k in 2019—reflecting resilience amid local market cycles. Comparable homes on similar blocks in the area hold value through land banking, especially with proximity to Tanilba Bay Public School just 7km away. Long-term appeal stems from the block’s size and elevation at 8m, buffering against coastal risks while supporting future-proofing like solar additions already in place. In a market favoring renovation projects, this stands out for its growth trajectory rather than immediate occupancy.