137 Emu Drive, San Remo NSW 2262
137 Emu Drive, San Remo NSW 2262
Brick and tile home | side access | expired granny flat DA | family-friendly San Remo
This property offers a rare combination of established brick construction and latent development potential, making it competitively positioned for buyers seeking both immediate liveability and future optionality. The expired DA for a granny flat is the standout feature, effectively providing a pre-vetted pathway to add income or multigenerational accommodation without the uncertainty of starting from scratch. Side access further strengthens this opportunity by allowing separate vehicular entry, while the generous 700-square-metre block in a family-oriented pocket of San Remo ensures broad appeal to owner-occupiers and investors alike. The property serves best those who value a solid, low-maintenance home today but want the strategic advantage of a ready-to-activate development angle.
The primary risk is the expired DA itself, which may require reapplication or amendment, introducing time and cost that should be verified with council before commitment. Rental growth from $520 to $580 per week since 2024 signals tightening supply in the area, supporting the investment case if the granny flat is pursued. The asking range aligns closely with estimated value, reducing negotiation leverage but also limiting downside if market conditions hold. For a buyer prepared to manage the DA reactivation process, this property offers a rare edge in a market where land with pre-approved potential is increasingly scarce.
Detailed Independent Property Report prepared by PropCred Analyst team for 137 Emu Drive, San Remo NSW 2262
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
San Remo presents as an affordable entry point for family-oriented buyers, with its median house price well below the state average. Demand is driven by young families, evident in the suburb’s demographic profile, seeking value and space. The market exhibits strong recent capital growth and healthy turnover, indicating sustained buyer interest. Future growth is supported by this solid demand foundation, though the suburb’s relative affordability suggests it remains sensitive to broader economic and interest rate cycles.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
-
Land
701m²
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