6 Floral Avenue, East Lismore NSW 2480
6 Floral Avenue, East Lismore NSW 2480
3 bed potential on 797sqm | 3 car carport | reliable school catchment | no flood overlay
The property’s competitive strength lies in its generous site with low site coverage, offering rare expansion or reconfiguration scope in a stable owner-occupied street. The 3-bedroom potential from a primarily 2-bedroom listing creates upside for families needing space without moving suburb. It best suits buyers seeking a long-term hold with school proximity and minimal overlay risk, where the carport and building footprint already support multi-vehicle households.
The key risk is the 1996 last sale, meaning deferred maintenance may surface, and the 8-day market time suggests no bidding pressure yet. The rental midpoint of $600/week gives a 4.8% gross yield, viable for an investor but not exceptional. The opportunity is to negotiate below the $650k ask using the dated interior and short listing period. Hold for capital growth from suburb’s 10.7% annual gain and add value through a third bedroom conversion.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Floral Avenue, East Lismore NSW 2480
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
East Lismore presents as a stable, value-driven market underpinned by a young, professional demographic, which sustains core demand. Recent performance shows strong capital appreciation, reflecting a competitive sales environment with limited available stock. Future growth is supported by its relative affordability within the region, though the market’s measured pace and modest supply present a balanced outlook without the volatility of major metropolitan centres.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
3
Land
797m²
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