9 First Avenue, Erowal Bay NSW 2540

Large 1,217m² block | modest cottage | value-add potential | no major overlays detected The buying case here is driven almost entirely by the land. A 1,217m² residential block in Erowal Bay, free of bushfire, flood, or heritage overlays, is a rare configuration that immediately distinguishes this property from the surrounding stock. The existing 167m² cottage is modest, but its low building coverage of roughly 14% leaves substantial room for extension or a second dwelling, subject to council approval. This property serves best a buyer seeking land value with optionality-either a renovator looking to improve the existing house, or an investor targeting a dual-occupancy play. The reported 5G coverage and likely Fibre to the Premises NBN support remote work, which broadens the buyer pool beyond local owner-occupiers. The primary risk is development feasibility. While no overlays were detected, the absence of a formal planning check means the actual zoning and permissible density must be confirmed before any value-add assumptions are priced in. The discrepancy between reported garage spaces (one versus two) and the NBN connection type (FTTN versus FTTP) should be resolved, but neither is a deal-breaker. The opportunity lies in the land-to-improvement ratio: the 2017 sale at $420,000 and the current estimated value range suggest significant land appreciation, and a well-executed renovation or subdivision could unlock further upside. This is not a turnkey house; it is a land-led proposition requiring due diligence and a clear strategy.