16 Demi Parade, Harrington NSW 2427

Vacant corner block | Harrington Waters Estate | one of last affordable coastal villages | bushfire risk present This vacant corner block represents a rare opportunity to secure land in a coastal estate where such parcels are increasingly scarce, positioning a buyer for future capital growth as supply diminishes. Its location within Harrington Waters offers immediate access to coastal amenities and a relaxed lifestyle, making it most suitable for an owner-builder seeking a permanent or holiday home, or a patient investor banking on land appreciation in a tightly held village. The decision hinges on accepting development risk against a finite land supply. The unspecified bushfire risk will directly impact construction costs and insurance premiums, while the lack of recent comparable land sales complicates accurate valuation. Proceed only with a plan to build, as the property’s value is unrealized without a structure. A professional property advisor would secure a current market valuation and detailed reports on locality risks and build feasibility to quantify these costs before commitment. Recent sales on Demi Parade provide context, though all include houses, making direct comparison difficult. A four-bedroom house at 7 Demi Parade sold for $640,000, while 1 Demi Parade sold for $590,000 in late 2020. Notably, 15 Demi Parade, a house on a similar sized block, sold for $435,000 in 2017. This history suggests the land component of this $488,000 vacant block must be justified by current scarcity, as you are paying a premium for the lot alone in a rising market.