8 Lockett Place, Kiama NSW 2533

Ocean views & north-east aspect | Granny flat & workshop | Low-density leafy setting | No overlays | Smaller than typical Kiama homes This property presents a competitively strong offering due to its unique configuration and positioning. The inclusion of a fully fitted granny flat and a large workshop within a single-level, Hamptons-style home is rare for Kiama, providing immediate income potential or flexible living space. Its prominent, private position with ocean views and a north-east aspect in a low-density zone targets buyers seeking a lifestyle property with utility, serving either extended families or investors seeking dual occupancy. The absence of bushfire or heritage overlays significantly reduces holding complexity. The primary decision hinges on its scale versus suburb benchmarks. While the 574m² land and 170m² building are smaller than typical multi-million dollar Kiama stock, this creates a lower entry point into a premium location but may cap capital growth relative to larger estates. The opportunity is commercial: the granny flat can offset holding costs, making the property a viable hold for a buyer prioritizing yield and lifestyle over pure land banking. Proceed with a focus on validating its condition and precise view value; our report provides the real market valuation and locality risk assessment needed to secure this configured property confidently. Recent sales data is limited, but historical transactions indicate significant appreciation. It last traded for $760,000 in 2015, against a current estimated value near $1.48 million. This past growth underscores the suburb’s long-term trajectory, though the lack of direct, recent comparable sales in the results necessitates a precise, contemporary valuation to confirm today’s price point.