5 Miller Road, Terrigal NSW 2260

Heart of Terrigal | Large 1100m² block | Subdivision potential STCA | 7-bed house This property presents a clear development opportunity on a large parcel in a sought-after location. Its primary value lies in the land, with the existing house being incidental. The 7-bedroom configuration is atypical and not reflective of standard demand, indicating the property is best suited for a developer or an investor with the capability to undertake a subdivision or rebuild, capitalizing on the potential for two new dwellings. The central risk is the speculative nature of the subdivision, entirely subject to council approval (STCA). This uncertainty carries potential holding costs and approval delays that erode profitability. The commercial logic is sound only for a buyer with appropriate expertise and risk tolerance. Acquire strictly as a land bank with a development exit; it is not suitable as a long-term hold in its current state.