404/15 Kurrawyba Avenue, Terrigal NSW 2260

Prime pocket | 627m² lot | three-bedroom scale | tightly held | apartment with house-like footprint This property occupies a rare position in Terrigal’s premium corridor, where a full 627m² lot under a single apartment title is almost never available. The three-bedroom, two-bathroom configuration with two car spaces directly competes with downsizer demand from local house owners who refuse to compromise on space. Its September 2022 sale at $2.55 million and current estimate near $2.81 million reflect a market that has already validated the floor plan and location. The buyer here is not purchasing a typical unit but a low-maintenance alternative to a house, in a suburb where median house prices sit at $1.63 million and units at $1.16 million. This property serves best those seeking permanent coastal residence or a lock-and-leave base with genuine room to live. The principal risk is the price point itself: at an estimated $2.81 million, this sits well above Terrigal’s median unit and house values, narrowing the buyer pool to cash-rich downsizers or second-home purchasers. That selectivity can lengthen days on market if pricing is not aligned with the current demand depth. The opportunity lies in the lot size—627m² is exceptional for an apartment and may offer future strata reconfiguration potential, though this requires careful due diligence on title restrictions. The recent 25 April listing timing, early in the cooler selling season, suggests motivated sellers. Holding strategy: occupy as a primary residence with low upkeep, or hold as a coastal base with strong scarcity value in a tightly held pocket.