6 Mawson Place, Sunshine Bay NSW 2536

Development site with existing house | dual-zone potential in coastal Sunshine Bay | recent contract signals market activity | suited to buyer with development appetite The property at 6 Mawson Place presents a rare combination of immediate habitation and future development optionality, which is competitively scarce in the Sunshine Bay market. The existing five-bedroom house provides rental income or owner-occupier use while the 550m² block, zoned for both residential and development, offers a patient buyer the chance to reconfigure or subdivide. This dual character serves best the buyer who can afford to hold for 2-4 years, leveraging the house’s cash flow while preparing a development application. The primary risk is valuation divergence,estimates range from $880,000 to $1.16 million, reflecting uncertainty in the development yield for this specific lot. A buyer must commission a feasibility study before committing, as the site’s development potential may be constrained by council overlays or access. The September 2023 contract suggests a prior buyer walked away, which warrants scrutiny of due diligence findings. The opportunity lies in negotiating from a position of informed caution, using the valuation gap to secure the property below the mid-range estimate. Hold for steady rental cover, then develop or sell with a DA approved.