241/2 Mulloway Road, Chain Valley Bay NSW 2259
241/2 Mulloway Road, Chain Valley Bay NSW 2259
Retirement-living unit with a rare 147 m² footprint | Two-car parking in a managed estate | Priced above recent estate sales, likely reflecting size and condition | Suited to downsizers seeking low-maintenance coastal living
This is an unusually large retirement dwelling for the Chain Valley Bay market, where most comparable units in the Mulloway Road estate are smaller and have sold well below this asking level. The 147 m² floor area, combined with two bathrooms and two dedicated car spaces, positions it as a premium option within the precinct. It will most likely appeal to buyers who want the security and simplicity of a managed community without sacrificing internal space. The estate itself has shown consistent resale activity, which suggests reasonable liquidity for this type of housing. The property sits in a quiet, low-density coastal suburb with adequate schooling nearby, making it a practical choice for retirees who still want access to services without urban congestion.
The asking price may be justified by the larger floor area and the two-car arrangement, both of which are uncommon in this estate. However, the retirement-living classification can limit the buyer pool, and the price gap compared to recent sales in the same complex is significant. The condition and any recent upgrades will be critical to supporting the premium. Buyers should also consider that flood and bushfire overlays exist in parts of the broader Mulloway Road area, which might affect insurance costs and long-term desirability. The absence of detailed interior information in the listing means the final value will hinge on the quality of finishes, layout efficiency, and how well the unit is presented relative to its older neighbours.
|| Comparable Sales: 80/2 Mulloway Road sold at $440,000 in March 2025; 74/25 Mulloway Road sold at $240,000 in January 2025 | Property Price Band: $600,000–$700,000 | Value Drivers: floor area, two-car parking, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 241/2 Mulloway Road, Chain Valley Bay NSW 2259
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Chain Valley Bay on the NSW Central Coast remains a tightly held, owner-occupier enclave with a strong retiree and family base. The population is older, trade-heavy, and predominantly not renting. House prices are firming: median estimates sit between $815,000 and $870,000, with a 3.4% annual lift and a 7.6% ten-year CAGR. Yet market depth is low, with only 29 sales in the past year, and the time-on-market data splits sharply—93 days in one measure versus 20 in another, suggesting thin activity. Rental demand is robust: the vacancy rate is under 1%, gross house yields are 6.11%, and median weekly rent is $600. Future growth rests on sustained Central Coast appeal and a very low strata share (0.4%), which preserves traditional housing stock. Constraints are limited supply evidence, an aged demographic, and sensitivity to rate moves, though affordability relative to Sydney remains a structural draw.
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PropCred Estimated Value
Comparable Sales: 80/2 Mulloway Road sold at $440,000 in March 2025; 74/25 Mulloway Road sold at $240,000 in January 2025 | Property Price Band: $600,000–$700,000 | Value Drivers: floor area, two-car parking, internal condition
Bedrooms
2
Bathroom
2
Parking
2
Land
10.76 ha
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