265 Old Pacific Highway, Swansea NSW 2281
265 Old Pacific Highway, Swansea NSW 2281
2,135 sqm R3 holding with DA for ten dwellings | walk to Swansea shops and lake | development-site rarity | highway-front exposure
The property is set apart by scale and zoning. With roughly 2,135 sqm across three lots, R3 medium-density zoning, and an existing approval for ten three-bedroom dwellings, it is a rare prepared development site in Swansea. Its location is practical, with the shopping centre within walking distance and Lake Macquarie and Caves Beach close by. The existing building is not the main draw; the approval and land size are. For that reason, the site suits a developer or investor, not a family seeking a single move-in house. Much of the planning work is already done, leaving a clearer path to construction.
The highway frontage might be regarded as the main drawback, with traffic noise and a less private setting. Holding costs and demolition outlay may be affected by the condition of the existing dwellings, although the approval and land carry the price. Margins could be influenced by approval conditions and council contributions, so those documents should be reviewed.
Detailed Independent Property Report prepared by PropCred Analyst team for 265 Old Pacific Highway, Swansea NSW 2281
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Swansea, a lakeside suburb south of Newcastle, offers Pacific Highway connectivity and a coastal lifestyle that draws families, downsizers and professionals; apartments, at a $760,000 median, extend entry to first-home buyers. House prices sit around $1.05 million, though recent annual growth is mixed, ranging from -1.0% to 1.7% with a 74-day median sell time and roughly 90 house sales. Long-term appreciation is robust—8.6% over ten years, 5.6% over twenty, 6.5% over thirty-six—supporting future demand, while apartments make up 18.5% of stock. The key constraint is valuation: the market sits near its long-term trend, implying limited near-term upside.
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PropCred Estimated Value
Comparable Sales: 253 Old Pacific Highway sold for $847,500 in August 2025 | Property Price Band: $1.2M-$1.3M | Value Drivers: land size, DA approval, R3 zoning
Bedrooms
4
Bathroom
1
Parking
-
Land
1421m²
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