64 Lochlomond Drive, Banora Point NSW 2486

64 Lochlomond Drive, Banora Point NSW 2486
5-bed family home | 777m² elevated lot | 53% building coverage | commanding double views | no overlays This property presents a rare combination of a substantial family-sized footprint on a large, elevated parcel within a sought-after enclave, free from bushfire or flood constraints. Its 411m² building area with four living spaces and extensive amenities like a pool, spa, and rumpus room caters specifically to a large or multi-generational household seeking space and leisure within a stable school catchment. The 53% site coverage and sloped nature indicate a maximised, premium-built residence rather than a redevelopment play, positioning it as a long-term hold for an owner-occupier who values view permanence and internal volume over land banking potential. The primary decision hinges on accepting the illiquidity premium of a highly customised house, where the specific amenity cost-pool maintenance, spa, vacuum system-is capitalised into the price and may not appeal to the broader market upon resale. The 28-year ownership history suggests significant deferred maintenance risk, and the lack of recent comparable sales data obscures true market calibration. Proceed only with a building inspection quantifying upgrade costs, and recognise this as a lifestyle purchase for a 10-year horizon, not a tactical investment; its yield is secondary to the utility of its space and outlook.

Detailed analysis of this property prepared by our Principal Analyst: Real Market Valuation, Risks, Growth Considerations

Banora Point presents as a mature, high-demand coastal market, characterised by strong capital appreciation and a notably active sales environment. Demand is driven by its established residential appeal, attracting both owner-occupiers and investors, as evidenced by rapid sales and significant rental growth. The market exhibits robust price momentum across both houses and units, with conditions favouring sellers given low average days on market. Future growth is underpinned by sustained buyer interest and tight rental conditions, though the established price point may present an affordability constraint for some entrants.

PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

2

Land

777m²

Built

Recent Assessments