24 The Esplanade, Narrabeen is a 7 bedroom, 4 bathroom House with 3 parking spaces. The property has a land size of 657m2 and floor size of 280m2. While the property is not currently for sale or for rent, it was last sold in January 1986.
Lakeside properties of this magnitude are indeed rare and provide a unique opportunity to capitalise on potential value enhancement. You may decide to continue with the current status of one title should you wish to accommodate an extended family or supplement your income, pursue the current application for separate titles or perhaps apply to redevelop the whole block.
Set in an exquisite lakeside location, Esplanade 24 is ideally located with level access to Narrabeen Lagoon unlike many properties in the neighbourhood, offering a rare and enviable lifestyle. Wrapped in lush gardens, the enormous block encompasses 1,166sqm of sought-after land and two multi-level family homes on one title.
The size of Narrabeen is approximately 4.6 square kilometres. It has 21 parks covering nearly 13.3% of total area. The population of Narrabeen in 2011 was 7,474 people. By 2016 the population was 8,214 showing a population growth of 9.9% in the area during that time. The predominant age group in Narrabeen is 30-39 years. Households in Narrabeen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narrabeen work in a professional occupation. In 2011, 50.2% of the homes in Narrabeen were owner-occupied compared with 52.2% in 2016.
Narrabeen has 4,345 properties. Over the last 5 years, Houses in Narrabeen have seen a 42.46% increase in median value, while Units have seen a 32.18% increase. As at 31 October 2024:
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