84 Grand Parade, Bonnells Bay NSW 2264

Two-storey lakeside home | dual street frontage | 809m² larger lot | versatile split living | investor and family appeal This property presents a competitively strong offering within the Bonnells Bay waterfront market, primarily due to its larger 809m² lot size and dual street frontage, which are above the suburb’s typical 700-900m² standard. The two-storey design with multiple living zones and a lower-level retreat provides a rare flexibility for either a large family seeking separation or an investor targeting the family rental segment. Its lakeside views and entertainer’s deck directly serve the core demand for tranquil, water-oriented living, making it a standout among older, single-level stock. The decision hinges on accepting the valuation implied by the immediate comparable, with the primary risk being the premium for its larger configuration in a suburb of generally smaller lots. The opportunity lies in the commercial logic of holding it as a long-term family residence capitalising on the scarce dual frontage and views, or as a strategic rental capturing sustained demand for larger lakeside homes. Proceed only if the price aligns closely with the established band for four-bedroom homes on Grand Parade, as its unique features justify a position at the upper end, not a significant premium above it. Recent sales data for 82-84 Grand Parade, a direct adjacent four-bedroom home with one bathroom, shows an estimated value of $1,102,000. This establishes a clear valuation benchmark for four-bedroom houses on this street. For the subject property, this comparable suggests its estimated value of $1.12 million is credible, with its additional bathroom, two-storey layout, and larger lot reasonably supporting a slight valuation edge.