69 Pelican Street, Swansea NSW 2281

Single-level living with separate studio | Flood overlay present | Strong rental demand | Large secure garaging for multiple vehicles This property presents a competitively strong offering for a buyer seeking a low-maintenance, spacious family home in a convenient coastal location. The combination of single-level living, three distinct living areas, and extensive secure parking—including a workshop and space for a boat—is rare for the area and caters specifically to families or downsizers requiring ample storage and flexible space. The separate studio adds significant utility for guests, a home business, or teenagers. Its position close to lake, shops, and clubs reinforces a lifestyle appeal that underpins solid rental demand, making it equally viable as a long-term home or investment. The primary decision factor is the flood overlay, a tangible risk that necessitates immediate due diligence via a conveyancer to understand insurance implications and potential future valuation impacts. The asking range appears positioned below the estimated market value, suggesting a potential opportunity if the flood risk is deemed manageable. Given its strong rental profile and unique features for the suburb, this property is best acquired as a long-term hold, either as a primary residence leveraging its livability or as an investment capitalizing on the sustained rental yield from a high-demand house type.