79 Megalong Street, Leura NSW 2780

79 Megalong Street, Leura | 1,369 sqm block | 3 bed, 1 bath cottage | bushfire overlay | low building coverage This property’s primary advantage is its generous land size on a walkable village block, where the existing house covers only 11% of the site. That low coverage creates genuine scope for extension or a secondary dwelling, subject to council and bushfire approvals. The early 1900s weatherboard cottage, while dated with a single bathroom, sits in a sought-after Blue Mountains village with strong lifestyle appeal. This property best suits a buyer who values space and future potential over a move-in-ready home—owner-occupiers wanting to renovate or extend, or investors seeking to unlock land value through densification. The bushfire overlay is a material factor that may increase construction costs and insurance premiums, and could limit the scale or design of any future development. The single bathroom and dated interior may also narrow the buyer pool, potentially affecting resale speed and price. A buyer should weigh the cost of bringing the house to a modern standard against the land’s underlying value, and confirm with council what density or subdivision pathways are realistically available given the overlay constraints.