112/101-151 Port Hacking Road, Sylvania NSW 2224

Frank Vickery Village unit | East-facing, modernised 2-bedder | R4 zoning with upside | Flood overlay requires due diligence The property sits within a well-established retirement village that has recently secured a zoning uplift to R4 High Density Residential, with height allowances up to 26 metres and additional permitted uses including retail and medical centre space. For a buyer, this signals that the surrounding site has institutional backing for intensification, which supports long-term land value even if this individual unit remains unchanged. The unit itself is freshly updated, east-facing, and accessible, making it immediately livable for an owner-occupier seeking a low-maintenance home in a landscaped, amenity-rich setting with gym, library, and café on site. It is best suited to a downsizer or investor targeting the seniors’ market, where demand is stable and turnover predictable. The primary risk is the flood overlay, which may restrict future modifications or require council approval for any structural changes, adding cost and delay. The unit is off-market, so price discovery relies on comparable sales within the complex, which suggest a tight range. The opportunity lies in the broader site’s redevelopment potential: the operator, Wesley Mission, holds a large parcel with planning approval for higher density, and this unit could become part of a future consolidation play. Hold for steady rental income from the retirement demographic, or monitor the site’s master plan for a potential buyout.