Back 8/16 Nesca Parade
Off Market

8/16 Nesca Parade

The Hill NSW 2300

1
1
1
40 m²
592 m²
Unit
Last sold for $331,250
Tony TolazziTony Tolazzi, last sold this property on 04 January 2026 after -3 days on market.

Overview

Development Opportunity on The Hill

Prime low density re-development site situated in the The Hill. Discover an unparalleled investment/development opportunity in the heart of The Hill with this block of units at 16 Nesca Parade. Please note: The unit block has a limited lifespan due to the concrete cancer affecting the building, hence why the owners corp unanimously decided to sell. So if you're looking for a long term investment block this is probably not the one for you, yet as a future development site, you won't find better land space than here to build on The Hill. Prime Development-friendly topography - with wide street frontage in excess of 29 metres facing Armitage Street. Approx 592m2 block Zoned R2, and providing potential to rebuild up to 8.5 metres high allowing scope for either a large 3 storey home, duplex or triplex terrace style townhouses (STCA) Property Features: • 1960's Contemporary Unit block offering 8 x 1-bedroom units where the top floor units enjoy stunning elevated views - overlooking Cooks Hill and distant Mountain landscape to the West. • Some renovated and all with existing tenancies, currently providing a high yield gross return in excess of $138,000 pa, with value-add potential to improve the unrenovated units and seek a higher rent. • Nestled in a vibrant community, 16 Nesca Parade is conveniently located near local amenities, schools, parks and beaches. Don't miss your chance to secure this remarkable property and reap the return while waiting for redevelopment approval. Please note all offers need to be submited via the link in the 'Make An Offer' tab in the attachments section of the I.M report.

Features

1 bedroom
1 bathroom
1 carspace
1 carport space
40 m² floor area
592 m² lot size
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in The Hill over the last 12 months, the estimated median property value of 8/16 Nesca Parade is $331.25k.

Median value
$331.25k
Estimated value range
$331.25k - $675k
Median days on market
24
Estimated value trend
-21%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in The Hill. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8/16 Nesca Parade

2026
Rented
Undisclosed
Leased on 09 Mar 2026 by Raine & Horne Newcastle
2026
Sold
$331,250
04 Jan 2026 by Tony Tolazzi, of Raine & Horne Newcastle
2024
Rented
Undisclosed
Leased on 26 Sep 2024 by Castle Property

Happy sellers in The Hill

60%
60% of sellers in The Hill reported that their sale price either exceeded or met their price expectations.

The Hill stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in The Hill over the last 12 months.

Local market activity for 1 bedroom units in The Hill

In the last 12 months, 8 one-bedroom units similar to 8/16 Nesca Parade, have been sold.

This represents a 300% decrease in one-bedroom units sales when compared to the previous 12 months.

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