1-4/4 Paunelle Avenue, East Lismore, NSW 2480

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Block Of Units
Type
8
Bedrooms
4
Bathrooms
4
Parkings
761 m²
Area

Last updated on Friday, April 24, 2026 ( See property details for 1-4/4 Paunelle Avenue, East Lismore, NSW 2480)

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Zell Bennett Licensed Real Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained brick and tile block of four units offering renovated comfort, versatile layouts, and strong investment potential in East Lismore.

🏡 Property Highlights

  • Versatile multi-dwelling investment opportunity with four units
  • Two renovated downstairs units with modern open-plan layouts
  • Fully renovated upstairs unit with spacious living and built-in robes
  • Excellent condition of the original upstairs unit offering flexibility
  • Concrete slab flooring in upstairs units for noise reduction
  • Potential to convert carports into garages for added security

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Garage / Secure Parking
  • Waterfront / Views
  • Pet-Friendly
  • Home Office / Study
  • Security Screens / Gates
  • Fly Screens
  • Extra Storage (Shed/Linen)

East Lismore is a vibrant suburb offering excellent amenities, proximity to educational institutions like Southern Cross University, healthcare facilities such as St. Vincent's Hospital, and a range of local shops and schools. Its strong community feel, convenient transport links, and ongoing development make it an attractive location for investors and families alike, ensuring sustained growth and rental demand. The area benefits from a peaceful environment with easy access to outdoor recreational spaces, making it ideal for a balanced lifestyle.

What is the current condition of the units and are there any renovation plans?
The two downstairs units have been tastefully renovated, and the upstairs unit has been fully renovated to a high standard, with the original upstairs unit in excellent condition. There are no current renovation plans, but the property offers potential for further upgrades.
What is the rental potential of this property?
Given the renovated units, prime location near educational and healthcare facilities, and versatile layouts, this property has strong rental appeal with potential for attractive income streams.
Are there any restrictions or zoning considerations for converting the carports into garages?
Conversion of the brick carports into garages is feasible, but prospective buyers should verify local council regulations and obtain necessary approvals.
Has the property been affected by flooding or other natural events?
The two downstairs units were affected in the 2022 flood, which occurred once in 500 years. Upgrades or flood mitigation measures may be advisable; further assessment is recommended.
What are the ongoing costs and maintenance considerations?
Ongoing costs include council rates, maintenance of the brick and tile structure, and potential upgrades. The property’s solid condition suggests manageable ongoing expenses.
Are there any hidden costs associated with converting the carports into garages? What are the zoning restrictions or easements affecting the property? Are there any existing or planned developments nearby that could impact the property’s value? Has the property been inspected for flood or bushfire risks beyond the 2022 flood impact? Are there any strata or body corporate fees applicable to this block of units? What is the history of maintenance and repairs for the original upstairs unit? Are there any restrictions on future renovations or extensions? Is there any ongoing or upcoming construction in the vicinity that could cause noise or disruption? What are the total costs involved in potential upgrades or conversions? Are there any warranties or guarantees on the recent renovations?

1-4/4 Paunelle Avenue, East Lismore, NSW 2480 - More Details

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Positioned as a solid investment or versatile multi-dwelling opportunity, this well maintained brick and tile block of four units offers a compelling mix of renovated comfort and future potential.

The two downstairs units have been tastefully renovated, each featuring two generous bedrooms and an expansive open plan layout that seamlessly combines lounge, dining, and kitchen areas. Both enjoy a practical design with a large shower cubicle, separate toilet and a dedicated laundry complete with vanity basin.

Upstairs, one unit has been fully renovated to a high standard, offering a spacious open plan living, dining and kitchen area. Two large bedrooms with built-in robes. A third room provides flexibility as a child's bedroom, home office or study.

The fourth unit, while not renovated, is in excellent original condition and presents as a mirror image of the renovated upstairs layout.

All upstairs units have concrete slab flooring to reduce noise for the tenants' downstairs. A block of four brick carports allocated to each unit can be easily converted into garages.

Ideally located just a short distance to Southern Cross University, St. Vincent's Hospital, as well as local schools and shopping facilities. This is an outstanding opportunity for investors seeking strong rental appeal with upside potential, or for those looking to secure a multi-income property in one smart acquisition.

The two downstairs units were affected in the (1/500 yr) 2022 flood.

Inspection by appointment

DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
4
Area
761 m²
Study
1

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