92 Murphys Avenue, Keiraville NSW 2500

Elevated escarpment edge | 1.24ha private grounds | Panoramic ocean to city views | Scope to modernise or expand This property presents a rare configuration for the Keiraville market, combining a substantial five-bedroom residence on an exceptionally large, elevated parcel with commanding views. The seclusion afforded by its 1.24-hectare grounds, where neighbours are set well apart, is atypical for a residential-zoned location within proximity to Wollongong’s conveniences. Its three-level design, with a versatile ground-floor suite, offers functional separation suitable for multi-generational living or guest accommodation. The house serves a buyer seeking a private retreat with the latent value of a significant landholding, appealing to those who prioritise space and vista over immediate turnkey finishes. Its current condition, while comfortable, positions it for a purchaser capable of capitalising on the noted scope to renovate, reconfigure, or enhance outdoor living areas, thereby extracting future value. The primary decision mechanism involves the cost of realising its potential against the premium for its existing land value and position. The absence of recent, direct comparable sales for estates of this scale locally introduces pricing ambiguity, necessitating a bespoke valuation approach. The commercial logic lies in treating the acquisition as a land play with a functional existing structure; the investment is justified by the irreplaceable aspect and parcel size, not the current fixtures. Proceed with a view to a long-term hold, where phased capital improvement aligns with personal use, as the rental yield and demand profile for such a unique offering remain untested and are likely secondary to capital growth derived from its scarcity.