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Overview
Nestled in a peaceful cul-de-sac within the sought-after suburb of Woolooware, this expansive landholding offers a significant opportunity largely prized by developers and investors. Spanning approximately 556.4 square meters, the site benefits from R3 Medium Density Residential zoning, allowing for potentially lucrative redevelopment options subject to council approval.
The land's dimensions, approximately 17.07 meters wide by 33.27 meters deep, provide considerable design versatility, enabling innovative planning and maximization of the site’s potential. Currently, the property serves as a proven income-producing asset through Airbnb and investment use, which underscores its reliable holding income.
Enhancements on the property contribute to its appeal, including a solar power system, aiding in energy efficiency, and a generously sized in-ground swimming pool with surrounding decking that offers an inviting setting for leisure and recreation. The property also features abundant under-house storage, combined with a flexible existing layout, catering to various arrangements and occupant needs.
Strategically located just moments from local cafés, schools, convenient transport links, and the pristine beaches of Cronulla, the property appeals to those seeking lifestyle convenience alongside investment or development possibilities. The potential for dual occupancy development within this high-demand residential pocket further enhances the asset’s value proposition.
- Large land parcel with versatile dimensions for design flexibility
- R3 zoning suited for medium density development
- Income-generating through investment/Airbnb currently
- Energy efficient solar setup and quality outdoor amenities
- Highly accessible location close to essential amenities and coastal attractions
Local Market Insights
In Woolooware, Quiet Listings observed 20 new houses entering the market over the last 30 days, down from 23 during the previous 30-day period, with an average advertised asking price of $4,295,000. The property type mix of listed properties is predominantly Apartments at 48%, followed by houses (31%), and units (8%). The most active agency for houses in the Woolooware area is currently Highland, representing 50% of new listings, followed by Gibson Partners Real Estate with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
