Positioned on one of Koala Park's most desirable streets, 3 Tawarri Crescent is a 615m² corner landholding that combines strong rental income with genuine future potential.
The property is configured as three fully self-contained residences: a three-bedroom main home with a multipurpose room, a separate one-bedroom flat and a studio apartment. Each has its own entry and privacy.
The main residence opens to a private swimming pool surrounded by established, low-maintenance gardens, creating a relaxed coastal setting. The three-residence layout suits extended family, guests or tenants equally well.
The property has been appraised at $3,000–$3,200 per week on standard 12-month residential leases, providing a substantial income stream from the existing configuration. A council-approved MCU for short-term accommodation adds a second income strategy.
Then there is the land.
Set on a rare corner allotment with dual street frontage, the property offers real long-term flexibility beyond its current use. Many comparable corner sites throughout Koala Park have already been redeveloped, making remaining sites with this level of flexibility increasingly scarce.
The site offers future redevelopment potential, including the potential for two freestanding homes, STCA. Newly built homes on comparable smaller allotments have recently sold around the $3.5 million mark, reflecting strong demand for quality new homes in this pocket.
The street reinforces the land value. Neighbouring 5 Tawarri Crescent recently changed hands for $4.8 million, and multiple $4 million-plus transactions have occurred along Tawarri Crescent in recent years.
The appeal is simple: hold it as a high-yielding coastal investment, use the existing configuration for family and/or income, and unlock the potential of the corner site in the future.
Few properties offer that many viable pathways from the one address.
Please note that this property will be sold on or before 30 October 2026.
Highlights
• 615m² corner allotment with dual street frontage
• Three self-contained residences, each with private entry
• Three-bedroom main home plus multipurpose room, one-bedroom flat and studio
• Private pool and established, low-maintenance gardens
• $3,000–$3,200 per week long-term rental appraisal
• Council-approved MCU for short-term accommodation
• Future redevelopment potential, including the potential for two freestanding homes, STCA
• Neighbouring 5 Tawarri Crescent sold for $4.8m
Private inspections are available by appointment only. Contact Alex Kennedy on 0472 514 337 to arrange yours.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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