254 - 262 Torquay Terrace, Torquay Expression of interest QLD 4655

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254 - 262 Torquay Terrace, Torquay QLD 4655

Expression Of Interest

Search Band Search Visibility Band

$3M - $3.25M Medium Confidence Calculated based on our search observations.

House 4 Beds 2 Baths 2 Cars 5049 m²

Listed: 36 days ago

Overview

This substantial coastal property encompasses four adjoining lots consolidating to a rare 5,049sqm landholding in a premium Torquay location, offering a unique development opportunity just 300 metres from the beach. Situated within an established residential precinct, this property benefits from its proximity to local shopping, dining, and recreational amenities, making it an attractive proposition for developers and investors aiming to capitalize on the high demand for well-located, low-maintenance coastal residences.

The site's approved townhouse development further enhances its appeal, providing an immediate pathway to deliver a quality residential project without the typical delays of initial planning approvals. The generous size and position of this consolidated landholding present scope to create a thoughtfully designed community that embraces coastal living while benefiting from the convenience of nearby urban services.

Significant consolidated landholding of 5,049sqm
Approved townhouse development, expediting project commencement
Less than 300 metres from the beach, enabling a desirable coastal lifestyle
Close access to essential amenities and leisure facilities

This property is ideally suited for developers seeking a prime site with planning approval already in place, allowing for tailored residential offerings targeting owner-occupiers, downsizers, and investors. The established nature of the location and the combined land scale make this a rare opportunity in Hervey Bay's competitive coastal market.

Local Market Insights

In Torquay, Quiet Listings observed 156 new houses entering the market over the last 30 days, up from 85 during the previous 30-day period, with an average advertised asking price of $974,647. The property type mix of listed properties is predominantly Houses at 66%, followed by land (18%), and units (8%). The most active agency for houses in the Torquay area is currently Ray White, representing 28% of new listings, followed by Prime Agents Hervey Bay with 17%. 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.