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2 Elanora Parade, Basin View NSW 2540

AUCTION - GUIDE $400,000

Search Band Search Visibility Band

$400k - $440k Low Confidence Calculated based on limited search observations.

House 2 Beds 1 Bath 1 Car 645 m²

Listed: 2 days ago

Overview

Situated on a generous 645sqm corner block, this property at 2 Elanora Parade in Basin View presents a unique opportunity for buyers willing to embrace its potential. The home is currently impacted by live termites and restricted internal access, signalling a significant renovation or a fresh build as ideal routes. The property's sleek, modern shell offers some salvageable elements, yet buyers may consider redesigning to fully realize their vision.

The location is particularly appealing, with a short two-minute stroll to local convenience shops and specialty stores, and approximately five minutes’ walk to the waterside, offering a serene coastal lifestyle. The block's corner aspect and size not only enable comfortable living but also hold possible development prospects subject to council approval, allowing for the construction of a dream home or other plans envisaged by the purchaser.

This home, with its two bedrooms, single bathroom, and garage space, will likely attract investors or renovators keen on capitalizing on the location and land size. It is also suitable for those looking to downsize and personalize a property in a peaceful suburb near waterfront amenities.

Local Market Insights

In Basin View, Quiet Listings observed 62 new houses entering the market over the last 30 days, down from 86 during the previous 30-day period, with an average advertised asking price of $1,196,272. The property type mix of listed properties is predominantly Houses at 80%, followed by land (5%), and duplexes (5%). The most active agency for houses in the Basin View area is currently Ray White, representing 29% of new listings, followed by LJ Hooker 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.