84 Elliott Road, South Lismore NSW 2480

Large 866m² block in South Lismore | 1955-built 3-bed house | Low 13% building coverage | Flood overlay present | Close to school catchments This property’s primary strength is its substantial 866 square metre land parcel, which is notably larger than many recent sales in South Lismore, offering low-density living with significant outdoor space and future potential. The 1955-built house, with its updated kitchen and multiple living areas, serves a buyer seeking a family home in a community-oriented suburb with excellent school proximity, positioning it as a long-term hold in a established neighbourhood. The definitive risk is the flood overlay, which necessitates specialised insurance and impacts long-term capital security. The 2024 sale at $370,000 and current estimated value near $450,000 suggest a sharp appreciation, demanding scrutiny; a buyer must validate this growth against post-flood market corrections. Proceed only with a strategy that budgets for higher holding costs, where our report provides the essential flood impact assessment and true comparative valuation to ground your offer.