104 Belinda Street, Gerringong NSW 2534

2,007m² R3 development site | 150m to main street | 26 residences planned | 2024 sale at $2.9m This is a rare, centrally positioned medium-density redevelopment site in Gerringong, distinguished by its 2,007m² lot size and R3 zoning. The elevated site offers potential rural views from upper storeys, and its location 150 metres from the main street and 750 metres from the train station provides strong walkability to shops, schools, and services. The property is best suited for developers or investors targeting boutique apartment stock for local downsizers and coastal lifestyle buyers, as the planned 26-residence scheme is not representative of typical owner-occupier housing in the suburb. The 2024 sale price of $2.9 million provides a recent benchmark, though the value of this property may be influenced by the gap between the land cost and the projected returns from the 26-residence development. The early 2031 completion timeline and reliance on planning approval mean future amenity depends on project execution, not an existing dwelling. Buyers should weigh the site’s central location and medium-density potential against the risk of delays or cost overruns.