78 East Street, Nowra NSW 2541

1910 freestanding house | R3 medium-density zoning | 1227sqm lot | walkable Nowra CBD The property’s primary buying case rests on its dual residential and development value, driven by R3 zoning on a 1227sqm lot with no overlays. The 20-metre frontage and 60-metre depth support subdivision or townhouse potential, making it suitable for an owner-occupier seeking future yield or a developer targeting medium-density infill. The 1910 house, with four bedrooms, two living areas, and an in-ground pool, offers immediate family use while the zoning unlocks longer-term upside. Central positioning near schools, shops, and Marriott Park strengthens demand from both families and investors. The main risk is the pricing spread between residential and development listings, which may indicate market uncertainty about highest-and-best-use value. The 2021 purchase price is not specified, but the 2020 sale at $630,000 suggests significant appreciation. The rental history shows a 3-bedroom configuration at $650 per week, which does not fully capitalise on the four-bedroom layout. For a buyer, the commercial logic is to acquire at the residential end of the pricing spectrum and hold for rezoning or staged development. Use the property as a family home with a medium-term view to subdivide or build townhouses when market conditions align.