On 10 May 2023, 66668 Croydon Street, Cronulla NSW 2230 changed hands, marking a notable moment in the Southern Sydney property market. This transaction highlighted price trends and demand in the Cronulla peninsula area for that period.
Below is a concise snapshot of the sale, followed by deeper insights into the local market, property specifics, and practical takeaways for buyers and investors.
| Address | Date of Sale | Sale Price | Suburb |
|---|---|---|---|
| 66668 Croydon Street | 10 May 2023 | AUD 2,850,000 | Cronulla NSW 2230 |
| Property Type | Land Area | Bedrooms | Key Feature |
| Residential Vacant Land | 600 m² approx. | 0 | Waterfront potential |
Market Context for Croydon Street Cronulla
Croydon Street sits close to Cronulla Beach and transport links, supporting steady buyer interest. The sale on 10 May 2023 reflected prevailing market conditions, with strong demand for developable or renovation opportunities near the beach.
Price and Sale Insights
At AUD 2.85 million, this vacant land sale provided clarity on achievable pricing for well-located sites in Cronulla. Comparable land sales nearby helped validate the price point, indicating confidence in long-term capital growth potential.
Property Specifications and Potential
Site Characteristics
The approximately 600 m² block offers flexible usage options, including residential development or subdivision. Proximity to cafes, parks, and Cronulla Beach enhances its appeal for families and investors alike.
Development Considerations
Local zoning and council plans may support higher density or dual-use proposals. Buyers often factor in approval timelines and construction costs when assessing such parcels.
Key Takeaways for Buyers and Investors
- Large 600 m² block with waterfront potential in a beachside suburb.
- Sale price of AUD 2.855 million on 10 May 2023 reflects strong market positioning.
- Flexible use options suited to development or subdivision strategies.
- Close proximity to Cronulla amenities, transport, and beach boosts long term appeal.
- Verify council zoning, environmental constraints, and feasibility before proceeding.
FAQ
Reader questions
Why did this property sell for AUD 2.85 million on 10 May 2023?
The price reflected the land's size, waterfront potential, and proximity to Cronulla amenities, aligning with strong buyer demand in the area at that time.
What makes 66668 Croydon Street attractive compared to other Cronulla blocks?
The combination of larger land area, development flexibility, and short distance to the beach distinguishes this block from many others in the suburb.
Is the property suitable for residential development?
Yes, zoning and site conditions typically allow for residential development, though specific plans and approvals should be confirmed with local council.
How does this sale compare to nearby land transactions in 2023?
At AUD 2.85 million for 600 m², this sale was consistent with premium vacant land prices near Cronulla Beach, particularly for sites with development potential.