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23-27 Lewis St

Old Bar NSW 2430

5
2
2
200 m²
1620 m²
House
Currently for sale - view listing

Overview

Three Separate Titles | 1,620m² Coastal Development Opportunity with Dual Income

Positioned in a tightly held coastal pocket of Old Bar, this 1,620m² landholding presents a rare opportunity to secure a multi-title site with immediate holding income and genuine development flexibility. Comprising three separate titles, the property removes the time, cost, and uncertainty typically associated with subdivision, allowing purchasers to move directly into planning or staged development. Existing Improvements & Income The current dwelling has been configured into two self-contained units, offering immediate usability and income: - 1 x 3-bedroom unit - 1 x 2-bedroom unit - Single dwelling split into dual accommodation - Suitable for dual income, extended family living, or short-term holding strategy - Ability to generate income while development plans are finalised This setup provides a practical holding position, allowing flexibility to retain income while unlocking the value of the additional titles. Site Breakdown & Configuration - Approx. 1,620m² total landholding - Three individual titles already registered - Level and usable land with efficient development potential - Flexibility to treat each lot as an independent asset Development & Strategy Options (STCA) - Develop across all three lots for maximum return - Stage construction to manage risk and cash flow - Build and sell individual dwellings into a strong coastal market - Sell down one or more titles to reduce capital exposure - Retain completed dwellings for ongoing rental income - Landbank with holding income in place Developer Advantages - No subdivision required — immediate project readiness - Reduced approval risk and holding time - Existing improvements provide income + flexibility - Multiple exit strategies across three titles - Suitable for builders, developers, and investors Location & Market Fundamentals - Established coastal township with consistent buyer demand - Strong appeal to owner-occupiers, investors, and downsizers - Limited supply of multi-title opportunities in established areas - Close proximity to beach, local shops, and essential amenities The Opportunity This is a rare coastal offering combining three titles, existing income, and flexible development pathways — allowing you to secure a site today while planning and executing future upside. Contact us to obtain the full Information Memorandum, including title details, site configuration, and development considerations. Opportunities of this scale and flexibility are rarely available. *Please note that while every effort has been made to accurately represent the features and amenities of the property described in this advert. Prospective buyers are encouraged to conduct their own inspections and assessments to verify the details provided. We do not guarantee the accuracy or completeness of the information presented herein.

Features

5 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
200 m² floor area
1620 m² lot size
House

Property history for 23-27 Lewis St

2021
Sold
$1,380,000
Auction Sale on 26 Oct 2021 by Jordan Kelleher, of Ray White Manning Valley
2014
Sold
$410,000
Private Sale/Treaty on 23 Jun 2014 by Rob Chapman, of Ray White Manning Valley

Happy sellers in Old Bar

~%

We have insufficient information to provide an overview of customer satisfaction for Old Bar. Viewing the agent profiles, reviews and sales for Old Bar can provide insights for this location.

Local market activity for 5 bedroom houses in Old Bar

In the last 12 months, 9 five-bedroom houses similar to 23-27 Lewis St, have been sold.

This represents a 80% decrease in five-bedroom houses sales when compared to the previous 12 months.

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