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1 Buchan Street
Mollymook NSW 2539

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Land area: 1189m2
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DA Approved For 8 Luxury Units

McGrath are pleased to present "Peniche" an amazing South Coast development site DA approved for 8x luxury residences.
Architecturally designed and generously proportioned, each half floor residence features a separate full-sized office which can be a fourth guest bedroom, 3 well sized bedrooms, 2.5 baths and your choice of ocean views or the privacy amongst the trees with direct access to the pool.
Key highlights:
- Rare de-risk DA approved boutique unit development site.
- Positioned in a quiet cul-de-sac, with only eight luxury boutique units in total and limited to two per level.
- Regular shaped lot for ease of construction.
- Sought after Mollymook location.
- All common areas, lifts and pool are powered by rooftop solar with battery storage.
- Close proximity to local beaches and parks.
- One pre-commit sale has been completed.
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Property Details for 1 Buchan St, Mollymook

Building Type
Land
Land Size
1189m2

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About Mollymook 2539

The size of Mollymook is approximately 1.8 square kilometres. It has 8 parks covering nearly 25.4% of total area. The population of Mollymook in 2011 was 1,184 people. By 2016 the population was 1,068 showing a population decline of 9.8% in the area during that time. The predominant age group in Mollymook is 60-69 years. Households in Mollymook are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mollymook work in a professional occupation. In 2011, 76.8% of the homes in Mollymook were owner-occupied compared with 73.9% in 2016.

Mollymook has 1,224 properties. Over the last 5 years, Houses in Mollymook have seen a 79.72% increase in median value, while Units have seen a 49.67% increase. As at 31 July 2024:

  • The median value for Houses in Mollymook is $1,078,126 while the median value for Units is $693,570.
  • Houses have a median rent of $640 while Units have a median rent of $455.
There are currently 36 properties listed for sale, and 3 properties listed for rent in Mollymook on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Mollymook.

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Brendan Shipp
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Jessica Parker
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Tucker Real Estate
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