12 Parry Avenue, Terrigal NSW 2260
12 Parry Avenue, Terrigal NSW 2260
6 bed on 695m² | 1970s original | walk to beach | sloping block | land value driven
This is a land-led opportunity in Terrigal, where a six-bedroom house on a 695 square metre block within a ten-minute walk of the beach is not common. The original 1970s condition means the dwelling itself is dated, but the size and location give it a rare configuration for the area. It will most suit a builder, investor, or buyer looking to renovate or redevelop, rather than someone wanting a turnkey coastal home. The large block and beach proximity are the primary strengths, and the property is being marketed on those factors rather than on interior finish or modern amenity.
The sloping block may affect usability and add cost for any building work, so that should be factored into budget planning. The prior sale at $1.1 million and current asking price below that level could signal a market adjustment or a motivation to sell, though the reason is not clear from available information. The absence of confirmed parking is a potential drawback in a beachside area where car space is valued. These factors may influence how the property is priced relative to its land value alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Parry Avenue, Terrigal NSW 2260
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Insight: Terrigal NSW 2260
Terrigal is an established coastal suburb with a stable, family-oriented market underpinned by high outright home ownership. Demand is driven by mature professionals and families seeking long-term lifestyle appeal, supported by consistent sales activity. Recent conditions show divergent trends, with house values demonstrating resilience while the unit segment faces notable price adjustments and extended selling periods. Future growth is anchored in its enduring desirability, though the market exhibits sensitivity to broader economic conditions and affordability constraints at the premium end.