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Overview
Situated just over an hour north of Sydney’s CBD and within walking distance to Swansea’s commercial hub, this property offers a unique development prospect on a level land parcel of approximately 2,135 square metres. Its prime location provides convenient access to Lake Macquarie and local beaches, creating an alluring lifestyle opportunity for future residents.
The site is DA approved to accommodate ten modern three-bedroom dwellings designed to cater to a range of buyers including young families seeking comfortable and practical homes, downsizers looking for an appealing lifestyle, and investors targeting desirable locations with strong rental prospects. Two existing properties are presently leased, contributing a combined rental income of around $980 per week.
The proposed townhouses present a diverse selection of layouts tailored to varying buyer preferences, enhancing market appeal and ensuring high standards of residential quality close to essential amenities and recreational facilities. With a zoning classification of R3 Low Density Residential, the development aligns well with community planning and growth expectations.
This opportunity stands out due to the balance it strikes between lifestyle qualities and solid investment fundamentals, appealing particularly to developers and investors aiming to deliver sought-after housing in a blue-chip coastal suburb. The property benefits from manageable council rates and water charges, reinforcing its practical considerations for ongoing ownership and development.
- Approximately 2,135 sqm of flat land ideal for residential development
- DA approval for ten three-bedroom dwellings
- Two currently leased homes providing steady rental income
- Proximity to Swansea’s shopping centre, Lake Macquarie, and local beaches
- Appeals to families, downsizers, and investment portfolios seeking growth
Local Market Insights
In Swansea, Quiet Listings observed 9 new houses entering the market over the last 30 days, down from 15 during the previous 30-day period, with an average advertised asking price of $1,375,555. The property type mix of listed properties is predominantly Houses at 50%, followed by land (19%), and villas (12%). 3Realty - Lake Macquarie was the most active agency in this area, representing 68.4% of all new listings in the last 30 days. 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.
Location
Swansea NSW 2281
Market Insights for Swansea NSW 2281
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