84 Grand Parade, Bonnells Bay NSW 2264
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.
Detailed Independent Property Report prepared by PropCred Analyst team for 84 Grand Parade, Bonnells Bay NSW 2264
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Bonnells Bay is a mature, lakeside suburb with a stable, established demographic profile, attracting significant buyer interest. Demand is driven by downsizers and outright owners seeking lifestyle, supported by consistent population growth. The housing market has demonstrated strong recent capital appreciation, with competitive sales volumes indicating solid underlying demand. Future growth is linked to sustained demographic appeal, though the market’s established nature and income profile suggest a measured pace of expansion.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
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