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63 May Road, Narraweena NSW 2099

GUIDE $2,200,000

Search Band Search Visibility Band

$9M - $10M High Confidence Calculated based on strong search observations.

House 5 Beds 2 Baths 3 Cars 520 m²

Listed: 8 days ago

Updated: 11 hours ago

Overview

Positioned on a rare and prominent north-facing corner lot of approximately 520 square metres, this substantial two-storey residence in Narraweena offers significant potential for renovation, rebuilding, or redevelopment, subject to council approval. The elevated setting provides sweeping district views and ample natural light, enhancing the property's appeal.

This iconic family home has been held by the same owners for over 50 years, presenting a unique opportunity in a prized coastal locale. It features multiple living spaces and a separate original studio, offering flexibility and additional accommodation options. Privacy is enhanced by its secluded position away from the road and dual street frontage, with generous off-street parking including a garage.

Developers and builders will appreciate the exceptional development potential: possibilities include dual occupancy, terrace-style multi-dwelling housing, or residential flat buildings, with indicative floor space ratios and maximum building heights allowing for versatile design options. Existing improvements may provide holding income while redevelopment plans are assessed.

The location is highly convenient, nestled between Narraweena and Dee Why, close to retail centres, schools, transport links including B-Line buses, and local amenities. The proximity to Dee Why Beach and coastal walks adds to the lifestyle qualities, complemented by nearby dining precincts and recreational facilities.

Approximately 520sqm corner landholding with dual street frontage
Elevated position with district views and excellent natural light
Substantial two-storey home with original condition and versatile studio
Generous parking including garage and off-street spaces
Significant redevelopment potential subject to approval including dual occupancy and apartments
Convenient access to shops, schools, transport and coastal amenities

This property represents a rare development and lifestyle opportunity in the Northern Beaches, suitable for first home buyers with vision, builders, investors, and developers keen to capitalise on this unique site.

Local Market Insights

In Narraweena, Quiet Listings observed 10 new houses entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $3,915,000. The property type mix of listed properties is predominantly Apartments at 53%, followed by houses (25%), and units (20%). The most active agency for houses in the Narraweena area is currently Belle Property, representing 60% of new listings, followed by Novak Properties 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.