7-7A Ellalong Place, Doonside NSW 2767

Large 704m² block in Doonside | 1970-built house requiring update | Potential subdivision/dual income configuration | Close proximity to high school This property presents a strategic land play, offering a generous 704m² block with an existing older house in a functional location. Its core strength is the underlying land parcel, which appears configured for dual occupancy or subdivision, given the separate listings for 7 and 7A. This setup is rare for the area and serves an investor or owner-occupier seeking future development potential or immediate dual rental income, positioned within walking distance of schools. The decision hinges on capitalising on the land’s configuration while carrying the cost of a dated dwelling. The primary risk is the capital and effort required for a full renovation or formal subdivision approval, which will dictate final value. The opportunity is to secure a large, subdividable lot below the median price for comparable land size. Acquire for hold and renovate, or develop, as the existing house offers shelter but not premium livability. Recent comparable sales in Doonside indicate strong market activity: – 58 Seabrook Cres: 3/2/2 on 609m² listed at $1,129k-$1,179k – 50 Milson Rd: 3/2/2 on 588m² listed at $1,149,950 This property’s larger 704m² block and subdivision potential command a premium over these standard lots, justifying its estimated value range despite the older improvements.