There is potentially a way into the often-elusive northern suburbs, as two recent listings in Thirroul indicate.
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The family home at 26 High Street, Thirroul will be auctioned on November 18.
Selling agent, Tony Dribbus from Ray White Thirroul estimated the home was likely “the cheapest opportunity anyone will get in Thirroul for a little while”.
He said the original three-bedroom weatherboard cottage is located in a quiet, sought-after location with a north-facing, near level allotment of 720sqm.
He said the price guide would be $800,000-plus.
Mr Dribbus said it could be well-suited to young families wanting to rebuild and create a family home.
“It may be a renovator, but potentially more of a knockdown/rebuild for a buyer with a little bit of money,” he said.
“You might be able to save part of the house… Everybody will have a different take on what they can do with it.
“Somebody with a budget... But capable of doing work might save the house and be happy to try to renovate it.
“Then the next person that’s sold from out of the area for $1.5 million might think it’s a building opportunity and will bulldoze it.”
Meanwhile, the home at 28 George Street, Thirroul will be auctioned on November 18.
Selling agent, Seacliff Property principal Barbara Wright said the property had subdivision and development potential.
The original weatherboard clad cottage is set on a 1072sqm block.
Options could include keeping the home and renovating, with future potential for a second dwelling; subdividing the land, keeping the home and building a new home at the back; or subdividing the land, knocking the cottage down and building two new luxury homes.
Mrs Wright said the home had been in the same family for several decades, and featured a wide 20.4m frontage.
“The house itself is good and solid, it just needs modernising or extending.”
Mrs Wright suggested this property could be a suitable entry point for those looking to buy into Thirroul.
“The land is really scarce now; there’s a lot of buyer inquiries for vacant blocks of land in Thirroul and there is nothing available,” she said.
“So this is something that would give people different options… Because it’s such a wide frontage you have better options. It doesn’t have to be a single-storey at the back, it can be a double-storey home.
“Because land is so scarce you can buy this, and even if you’re not looking to subdivide, you can buy it with an option to do it in the future and it’s a good investment in the area.”