58 Railway Parade Mittagong NSW 2575

Renovated cottage with studio | Medium Density Residential zoning | 1170m² land | Serene Mt Gibraltar setting | Walking to town and station This property presents a dual-income or multi-generational opportunity through its self-contained studio, offsetting holding costs. The primary risk is the 1990 build requiring future capital expenditure, while the lack of overlays simplifies due diligence. Its Medium Density Residential zoning offers strategic optionality for future subdivision or development, subject to council approval. Acquire this as a long-term hold to leverage both its current yield and future land bank potential. Competitive strength lies in its rare combination of a large, level block in a central location with a secondary dwelling, a configuration atypical for Mittagong. The private, established garden setting and comprehensive renovations cater specifically to buyers seeking a low-maintenance lifestyle with flexible accommodation. It serves the downsizer, the investor seeking premium rental segments, or the extended family. The studio apartment and zoning flexibility create a tangible financial buffer; schedule a consultation to model the specific value unlock against your portfolio.