153 President Avenue, Monterey NSW 2217
153 President Avenue, Monterey NSW 2217
2-bed house on a ~500m² corner block | Bayside suburb with dual street access | Underbuilt for its site | Suits renovators and land-bank buyers
This property’s competitive edge lies in its corner position and dual street access, which are rare in Monterey’s established bayside housing stock. The 500m² landholding is substantial for a suburb where older, modest dwellings dominate, and the current 2-bedroom configuration is notably underbuilt relative to the site’s potential. This makes the property most suitable for owner-occupiers seeking a renovation project, or for buyers interested in land banking given the scarcity of coastal parcels. The modest internal area of 116m² suggests the existing house may be original or lightly updated, which reinforces the value-add opportunity for those willing to invest in reconfiguration or extension.
The property’s value may be materially influenced by its zoning status, as one source suggests R3 medium-density potential, though this requires independent verification from council records. The corner block’s dual access could support subdivision or dual-occupancy development, but feasibility depends on planning overlays and site constraints not confirmed in available data. Buyers should weigh the cost of bringing an older dwelling up to modern standards against the premium commanded by bayside land, and consider that the current 2-bedroom configuration may limit immediate resale appeal to downsizers or investors rather than family buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 153 President Avenue, Monterey NSW 2217
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Monterey is a tightly held bayside suburb, positioned as a premium family enclave with strong waterfront appeal. Demand is driven predominantly by established families and professionals seeking its lifestyle, reflected in consistent annual sales. The housing market exhibits robust capital growth, while the unit segment shows more varied performance. Future prospects are underpinned by its enduring location appeal, though affordability constraints and sensitivity to interest rates present notable headwinds for continued momentum.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
500m²
URL has been copied successfully!