FOR SALE
DA APPROVED 9 x 1 BEDROOMS

409 Terrigal Drive
Erina NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 374m2
Land area: 1000m2
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DA APPROVED 9 x 1 BEDROOMS

DA Approved- 9x1 Bedroom fully self-contained Group Homes
Sitting on approx. 999sqm of vacant land, the current owner has done all the work and the land comes with a DA Approved for 9 one bedrooms, fully self-contained room with en-suite and kitchenette located in the desirable suburb of Erina.
On offer is a great opportunity to acquire a landholding of approx 999sqm in a tightly held area of Erina which is located directly across the road from Erina Fair and public transport at your door. Only minute's drive to Terrigal Beach, Cafes, Restaurants and Gosford CBD.
This asset provides astute developers and investors an amazing opportunity to purchase, develop and either rent and hold or on-sell as a completed asset with a strong rental return.
The build and location would be ideal for disability & support care accommodation, over 55's, student accommodation, holiday letting and possible other opportunities.
The bedrooms are self-contained and comes with a generous size common area (lounge/dining) where the residents can get together and enjoy each other's company. The kitchen is modern with all modern equipment, stainless steel appliances, which the residents would enjoy cooking from. You will also find an outdoor Al-fresco area where the residents can enjoy the sun rays.
* Land size: Approx 999m2 (Approx: 12m Wide x 87m Length)
* DA Approved for 9 x 1 bedrooms fully self-contained with en-suite and kitchenette
* Opportunity to diversify your investment portfolio or development pipeline
* Great position with great tenant demand
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Property Details for 409 Terrigal Dr, Erina

Building Type
Commercial
Floor Size
374m2
Land Size
1000m2

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About Erina 2250

The size of Erina is approximately 5.2 square kilometres. It has 8 parks covering nearly 13.6% of total area. The population of Erina in 2011 was 4,633 people. By 2016 the population was 4,781 showing a population growth of 3.2% in the area during that time. The predominant age group in Erina is 80-89 years. Households in Erina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Erina work in a professional occupation. In 2011, 70% of the homes in Erina were owner-occupied compared with 69.2% in 2016.

Erina has 3,233 properties. Over the last 5 years, Houses in Erina have seen a 56.22% increase in median value, while Units have seen a 28.97% increase. As at 31 October 2024:

  • The median value for Houses in Erina is $1,281,864 while the median value for Units is $642,449.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 11 properties listed for sale, and 27 properties listed for rent in Erina on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Erina.

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Mac Honkisz
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