14 Torquay Drive, Lake Tabourie NSW 2539

14 Torquay Drive, Lake Tabourie NSW 2539
Lakefront proximity | Elevated coastal block | 2006-built family home | Recently transacted This property presents a competitively strong proposition due to its rare combination of a fixed, recent sale price and a current valuation that suggests immediate equity potential. Its position 200 metres from the lake shore on an elevated block capitalises on both the coastal setting and practical benefits like light and breezes, a tangible advantage over standard lots. The four-bedroom configuration on a substantial parcel serves the family demographic dominant in the area, where over a quarter of residents are under twenty, ensuring sustained demand for this housing type. A buyer acquires a modern, low-maintenance home in a location defined by its natural assets, positioning it well for both long-term occupancy and future resale. The primary risk mechanism is the valuation gap; purchasing near the top of the $730,000 to $850,000 estimated range, particularly against the 2023 sale of $775,000, demands scrutiny of recent improvements to justify the premium. The opportunity lies in acquiring a property with a documented recent market test, providing a clear baseline, in a locale where over a third of residents are aged sixty-plus, indicating potential for turnover in coming years. The commercial logic is to treat this as a long-term hold, leveraging its family-friendly attributes and location to ride area demographic trends. The judgment call is straightforward: proceed only at a purchase price decisively below the current upper valuation estimates to buffer against a market correction, otherwise the margin for error is too thin. Recent sales in the broader region provide essential context: 50 Lomandra Place Ulladulla sold at a 10.5 km distance, 9 Toorak Close Mollymook Beach sold 10.7 km away, and 21 Oak Avenue Lake Tabourie transacted locally. These comparables, while not direct substitutes, establish a benchmark for the wider district, underscoring that this property’s asking position must be validated against more immediate, like-for-like sales data to confirm its marketed valuation.

Market Insight:

This suburb presents a compelling entry point for buyers seeking value, characterised by a robust and appreciating housing market. Demand is currently driven by owner-occupiers, evidenced by a steady sales volume and houses transacting at a measured pace. The market is demonstrating strong upward momentum, with prices rising significantly over the past year. Future growth will be supported by this established demand, though the limited turnover of available stock remains a key constraint on supply.

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

680m²

Built

Recent Assessments