598 Myocum Road, Myocum NSW 2481

Bushfire overlay detected | dual-living income potential | 18-acre hinterland holding | EOI guide $2.2M-$2.42M closing 28 May This property carries an active bushfire overlay that must be factored into both insurance premiums and any future development or subdivision planning—this risk directly constrains exit liquidity and borrowing appetite for some lenders. On the opportunity side, the separate 2-bedroom accommodation enables immediate rental income to offset holding costs, effectively reducing the effective net land price over time. For a buyer seeking a private lifestyle retreat with cashflow support, this is a considered hold; for pure land banking, the bushfire overlay introduces friction that slows capital appreciation. The rarity here is the land size within Byron Bay’s green hinterland at this price band—7.28 hectares with a functional 5-bedroom homestead and dual living layout gives a buyer positional leverage that nearby comparables on smaller lots cannot match. The reliable NBN and solar panels reduce ongoing utility costs, which matters for remote workers or long-term tenants. This property best suits a buyer who values space and income flexibility over immediate redevelopment optionality. To establish credibility against nearby sales: 29 Pinegroves Road at $2.1M-$2.3M on a smaller parcel with no dual living, and 16 Benloro Lane at $2.3M-$2.45M on similar acreage without separate accommodation—this listing sits competitively at the lower end of that range while offering additional income capacity. The value inference is that the dual-living feature justifies a premium over bare-land comparables, making the guide price defensible for an informed buyer. Your next step is to instruct a bushfire consultant to provide a BAL rating and vegetation management plan before the EOI closing date—this single piece of work will clarify insurance costs and set your maximum bid with confidence.