1 Mayfair Close, Terrigal NSW 2260
1 Mayfair Close, Terrigal NSW 2260
Large family footprint on a manageable 700m² lot | quiet pocket with strong owner-occupier appeal | flood overlay noted but elevated ground level | mid-3% yield signals steady rental demand.
This house holds a clear competitive edge in Terrigal’s detached-home market. Its 364m² internal area on a 700m² block places it firmly in the larger, more substantial family-home segment, yet the land size keeps upkeep realistic. With three bedrooms, two bathrooms, and double car space, it offers a practical layout for families or upsizers who want space without the maintenance load of a sprawling estate. The elevated position at 37m reduces flood exposure despite the overlay, and being in the Terrigal Public and High School catchments adds long-term appeal for buyer households. This suits a family seeking a solid, move-in-ready house in a low-density street, with room to personalise over time.
Value may be shaped by the flood overlay, which could influence insurance costs and future extension options, though the elevated ground level may soften that concern. The 2020 sale at $1.0m provides a recent benchmark, while the absence of a stated build year leaves some uncertainty around renovation needs. The house’s larger footprint relative to its bedroom count might appeal to buyers prioritising living space over formal rooms, but could limit appeal for those needing five bedrooms. Rental demand at roughly $950 per week suggests a stable income stream if leased, yet the mid-3% yield indicates this is more a lifestyle purchase than an investment play. Weigh these factors against your timeline and tolerance for potential flood-related planning constraints.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Mayfair Close, Terrigal NSW 2260
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
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.
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PropCred Estimated Value
Comparable Sales: 24 Mayfair Close sold $860k (2016), 18 Mayfair Close sold $700k (2012) | Property Price Band: $1.0M–$1.1M | Value Drivers: large internal footprint, elevated position, school catchment access
Bedrooms
3
Bathroom
2
Parking
2
Land
700m²
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