95 Hassan Street, Lake Heights NSW 2502

Elevated escarpment views | CDC-approved granny flat | Dual occupancy potential | 708sqm block | Lake Heights growth 10.9% The property’s primary competitive advantage is the pre-approved Complying Development Certificate for a separate two-bedroom granny flat, which enables immediate dual occupancy without further council approval. This transforms a standard family house into a dual-income holding, serving investors seeking yield or multigenerational households. The elevated position with escarpment views and the existing lower-level plumbing for a second kitchen further reinforce this configurational edge. The 708sqm block and four-bedroom layout, with a versatile studio on the lower level, suit both owner-occupiers wanting future income and buyers who value space and outlook in a suburb showing 10.9% growth. The primary risk is the auction format, which may compress decision time and expose the buyer to competitive pressure without a firm price ceiling. The price guidance of $850k–$935k, while supported by recent suburb sales, sits above the 2016 purchase price of $550k, reflecting market appreciation but also potential overreach if the granny flat approval is not fully valued by other bidders. The lower-level bathroom and workshop area require inspection for condition, and the lack of floor plans means layout efficiency must be verified. The opportunity lies in capitalising on the dual occupancy approval to generate rental income that offsets holding costs, or in using the granny flat for extended family. This property should be held as a medium-term income-producing home or a staged renovation play, with the granny flat as the primary value lever.