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Overview
This expansive parcel of land, totalling approximately 3,604 square meters, comprises six individual titles ideally positioned within The Entrance's Low Mid Rise Housing Zone (R3). This unique offering is perfectly suited to investors and developers looking to capitalise on the area's growth potential and create a significant residential project just a short walk from The Entrance's lively foreshore, with its popular eateries, parks, and shopping precincts.
The zoning provisions are tailored for Residential Flat Buildings, with an encouraging floor space ratio of up to 2.2:1, building height allowance up to 22 meters (or 24 meters for shop-top housing), and the option for up to six storeys without any minimum lot size or width restrictions.
- Opportunity to develop a landmark project subject to council approval, maximizing the potential of the sizeable, consolidated site
- R3 zoning in a vibrant and accessible lifestyle location between Newcastle and Sydney
- Allows for diverse residential housing possibilities catering to various market demands
The versatility of this site within a highly desirable precinct makes it an exceptional proposition for developers aiming to deliver quality housing while benefiting from strong demand driven by the area's amenity and location.
Local Market Insights
In The Entrance, Quiet Listings observed 49 new houses entering the market over the last 30 days, up from 35 during the previous 30-day period, with an average advertised asking price of $1,434,993. The property type mix of listed properties is predominantly Houses at 63%, followed by units (11%), and duplexes (6%). The most active agency for houses in the The Entrance area is currently Ray White, representing 24% of new listings, followed by LJ Hooker with 20%. 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
Market Insights for The Entrance NSW 2261
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