38 Morrison Avenue, Coledale NSW 2515
38 Morrison Avenue, Coledale NSW 2515
Large 1,389 m² landholding | Coastal Coledale address | Off-market holding | Established land record | Hillside potential
A substantial vacant landholding is offered in a coastal suburb, where large parcels are not commonly found. This 1,389 m² parcel is seen as a rare opportunity for a custom home or long-term land bank. The location is regarded as combining village convenience with a natural, secluded streetscape. It is suited to buyers seeking a private coastal retreat with space and outlook potential. Without an existing dwelling, the property is positioned for those planning a build or holding for the future. Its location is viewed as adding desirability for owner-occupiers wanting a slower pace near the ocean and escarpment.
Value may be shaped by zoning and build feasibility, which might be considered restrictive. The absence of a dwelling may narrow the buyer pool to those prepared to construct, and bushfire considerations might add compliance or insurance costs. These factors could be seen as affecting the price the land commands relative to improved properties.
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Morrison Avenue, Coledale NSW 2515
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Coledale presents as a tightly held coastal enclave where family households dominate demand, drawn by the Illawarra’s lifestyle proximity and constrained housing supply. Despite a pronounced correction in house values over the past year-reflecting rate sensitivity among its heavily mortgaged owner-occupier base-median prices remain elevated, underscoring the suburb’s premium positioning. The low vacancy rate and steady tenant demand signal underlying resilience, yet limited sales volume and a thin rental pool highlight structural constraints. Future growth hinges on sustained family migration and coastal appeal, though affordability pressures and negative capital growth temper near-term upside.
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PropCred Estimated Value
Comparable Sales: 38 Morrison Ave (2016 sale, $1.414M) | Listed Price Band: $1.4M–$1.5M | Value Indicator: Land size, build feasibility, coastal location
Bedrooms
6
Bathroom
3
Parking
7
Land
14.07 ha
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