15 Pacific Avenue, Coffs Harbour NSW 2450

Refreshed coastal house | R3 medium-density zoning | strong parking and access | walk to beach and shops This property presents a rare combination of immediate livability and medium-term development optionality. The R3 zoning, drive-through access, and generous parking capacity create a structural advantage over standard coastal houses, allowing a buyer to hold for rental income while retaining the ability to pursue a unit or townhouse project subject to council approval. The recent cosmetic refresh, open-plan layout, and proximity to beaches and amenities make it immediately suitable for an owner-occupier seeking a central lifestyle base, while the $750 per week rental figure suggests strong income potential for an investor. The primary risk lies in the uncertainty around development feasibility: R3 zoning does not guarantee approval, and council controls, overlays, or site constraints could limit yield or timeline. The property’s age and condition beyond the surface refresh are unknown, so a building and pest inspection is essential. The wide variation in public valuation estimates, including one unusually high figure, should be disregarded; the current asking price near the Coffs Harbour median for a 3-bedroom house appears realistic. For a buyer who values optionality and is prepared to do due diligence on zoning and structure, this property offers a defensible entry into a tight market with low turnover and an older demographic profile.