Here is a terrific opportunity to build your dream home or develop your next project on this gently sloping block of approx. 1012m2. With the possibility to build multiple dwellings, dual occupancy homes or subdivide (STCA). This property is perfect for a range of buyers.
This property is ready to built on, situated within close proximity to the spectacular beaches of Jervis Bay, St Georges Basin, Vincentia Marketplace shopping centre, cafes, restaurants and local schools, this is the ideal place to raise your family or relax in retirement.
The size of Old Erowal Bay is approximately 0.8 square kilometres. It has 2 parks covering nearly 2.9% of total area. The population of Old Erowal Bay in 2011 was 950 people. By 2016 the population was 1,047 showing a population growth of 10.2% in the area during that time. The predominant age group in Old Erowal Bay is 50-59 years. Households in Old Erowal Bay are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Old Erowal Bay work in a professional occupation. In 2011, 72.2% of the homes in Old Erowal Bay were owner-occupied compared with 68.5% in 2016.
Old Erowal Bay has 547 properties. Over the last 5 years, Houses in Old Erowal Bay have seen a 56.48% increase in median value. As at 31 October 2024:
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