75/474 Terrigal Drive, Terrigal NSW 2260

Coastal retirement living | flood overlay flagged | price gap demands scrutiny | active resale market in complex This unit offers a rare entry point into Terrigal’s tightly held coastal lifestyle market at a price point that, if confirmed as freehold, would represent significant value relative to automated estimates. The two-bedroom configuration and single parking suit downsizers or those seeking lock-and-leave simplicity, while the complex’s recent resale activity at $340,000 suggests genuine market depth. It serves best a buyer comfortable with retirement village terms who prioritises location over square footage. The flood overlay is the primary environmental risk, requiring council records review and insurance cost verification. The large discrepancy between the $295,000 listing and automated valuations signals either a leasehold or licence structure rather than standard freehold, which would impose ongoing fees and exit charges that materially alter the investment case. Opportunity lies in confirming the ownership model—if freehold at that price, this is a clear arbitrage; if licence-based, the buyer gains lifestyle at the cost of capital growth and liquidity.