2 The Coronado, Old Erowal Bay NSW 2540
2 The Coronado, Old Erowal Bay NSW 2540
2 The Coronado, Old Erowal Bay NSW 2540 is a detached single-storey house with 2 bedrooms, 1 bathroom, 1 car space, and 800m² of land. The interior features polished timber floorboards and an open-plan living and dining area filled with natural light.
This property’s competitive strength lies in its generous 800m² land size, which is notably larger than many newer lots in the area, providing significant outdoor space for a two-bedroom home. The polished timber floors and open-plan layout create a welcoming, relaxed atmosphere that appeals strongly to retirees, empty-nesters, or first home buyers seeking an entry point into the coastal market. Positioned within a quiet, established street, this house serves as a smaller, more affordable option in a suburb dominated by larger family homes, making it a rare configuration for buyers who prioritize land over internal space.
The two-bedroom layout may limit its appeal to families, potentially affecting resale demand compared to larger homes in the same street. The single car space might be a constraint for buyers with multiple vehicles. The property’s value is further influenced by its established age, as no construction date is confirmed, meaning maintenance or updates could factor into any price decision. While the coastal location supports seasonal rental demand, permanent rental yields likely align with typical NSW coastal standards, so buyers should weigh long-term investment growth against the property’s smaller configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 The Coronado, Old Erowal Bay NSW 2540
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Old Erowal Bay is a coastal locality attracting lifestyle buyers seeking affordability near Jervis Bay. Demand is discretionary and limited. The market is thin with low turnover. Infrastructure is basic. Growth is modest.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
784m²
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