21 Shearwater Place, Korora NSW 2450

3-bed townhouse, Korora beach proximity | 215sqm floorplan, 350sqm land | 80% owner-occupied street, low turnover | strong family demographic, school catchment. This property presents a rare configuration advantage in Korora’s market—a 215sqm floorplan on a 350sqm parcel, which is generous for a townhouse and positions it closer to a detached house in usable space. The street’s 80% owner-occupancy and low turnover signal a stable, non-investor dominated pocket, reducing the risk of rental churn or transient neighbours. For a family buyer, the school catchment proximity and demographic skew toward long-term residents (69%) reinforce this as a hold-and-occupy proposition, not a flip. The 2018 purchase at $485,000 and current listing at $895,000 reflect genuine capital growth in the corridor, but the 5-day market time suggests pricing is sharp—not distressed. The primary risk is the property’s townhouse title, which may limit future subdivision or extension potential compared to a house on a similar land size. The land size discrepancy (350m² vs 354m²) is negligible but signals inconsistent records that could complicate financing or insurance if not reconciled. The lack of recent sales data for this exact unit means the buyer must rely on the street’s median and the broader Korora 3-bed median of $890,378—this listing is at the top of that band, leaving limited arbitrage. The opportunity is in the floor-to-land ratio: 215sqm on 350sqm is efficient, and if the complex allows, a buyer could add value through interior upgrades or landscaping. Hold this property as a primary residence for the school and lifestyle draw; do not expect short-term re-sale premium without a renovation trigger.