57 Cyrus Street, Hyams Beach NSW 2540

Coastal bushfire overlay | heritage constraints limit expansion | 77–80m² on 295m² | recent rapid resale raises question. This property carries two structural risks: the bushfire overlay elevates insurance costs and imposes defensible space obligations that may limit landscaping or future deck use, and the heritage overlay caps any volumetric extension, capping value uplift from renovation. The upside is a near-beach location with unobstructed ocean views, a rare combination in a tightly constrained supply market. This is a hold and enjoy asset, not a flip candidate. Competitively, the 27% site coverage and ocean-facing deck create a scarcity rarely available under $1.5 million in Hyams Beach. The modern interior of a heritage shell offers immediate livability without further capital outlay. This suits a downsizer or second-home buyer prioritising immediate coastal amenity over expansion optionality. Comparable sales from early 2025 confirm the market supports this configuration, with values tightening around the $1.25 million mark, reinforcing the price floor for a turnkey cottage in this enclave. Given the recent resale, verify the vendor’s motivation and settlement terms before proceeding.