Erina at a glance
5,062
People
$1,370,500
Median sale
$618/wk
Median rent
2.34%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
NSW › Erina › Narrawa Ave
$850,000
Last sold
19 Aug 2021
3
Bedrooms
2
Bathrooms
2
Car spaces
519 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$850,000
19 Aug 2021 · derived via latest_sale
Local land rate: recorded House sales in Erina (last 5 years) with land size have a median of $2,097/m² of land (n=109). Districts calculation from recorded sales — not a valuation.
Erina at a glance
5,062
People
$1,370,500
Median sale
$618/wk
Median rent
2.34%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Erina
-38.0%
Median sale
Suburb $1,370,500
+1.44 pp
Gross yield
Suburb 2.34%
Suburb median $1,370,500 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $618/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Erina at a glance
5,062
People
$1,370,500
Median sale
$618/wk
Median rent
2.34%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Raine & Horne GosfordTHE PROPERTY
Unlike many homes on the market, this stunning three-bedroom brick and tile home has opportunity in every direction. Currently used as a Dual-Accommodation, with the two levels of the home split, this property is an ideal investment; or with practically no adjustment, a modern, updated, sizeable family home. As a whole, the home consists of three generous bedrooms, 2 ultra-modern bathrooms, two living spaces, modern and neat kitchen, separate dining room, modern internal laundry and separate entrances. Recently refreshed with new carpets throughout, sanded and polished floors, air conditioning, new paintwork and updated kitchen/bathrooms/laundry.
Positioned in a blue-chip prime location, just moments from Erina Fair Shopping Centre, within 10 minutes' drive to either Terrigal or East Gosford, and absolutely surrounded by retail, commercial, schools, restaurants and public transport, you couldn't find a more central location on the Central Coast.
THE AREA
Erina is the commercial hub of the Central Coast, and is located about 7kms West of Terrigal and 8kms East of Gosford CBD, in the North Sydney/Central Coast region of New South Wales.
The name Erina means "a place where the initiation ceremony was held". The area was originally inhabited by the Garingai Aboriginal tribe.
The suburb's claim to fame is Erina Fair, which was at the time of opening, the largest single level shopping centre in the southern hemisphere. It remains the largest shopping centre on the Central Coast and has been servicing the region since 1987.
The early history of Erina is extremely complex, and littered with financial disasters and dubious dealings. Nowadays, the suburb is mostly a commercial area, with pockets of residential housing.
WHY YOU SHOULD BUY THIS HOME
From it's considerate size and functionality, massive opportunity and the absolute position, you'll find that this is the one you can't stop thinking about; and for good reason.
THE DETAILS:
Council Rates: $316.85pqtr
Water Rates: $265.92pqtr
Land/Unit Size: 519m2 Total
Aspect: South
Age: 1980 Built - 41 Years
Current Lease Breakdown:
1A: Vacant ($420pw expected)
1B: Leased for $240pwk - Expired
Disclaimer: This website has been prepared for marketing purposes only and may be subject to change without notice. The information and illustrations contained in this website are indicative only and is not to be construed as advice, a recommendation or an offer for the sale of property. All interested parties are directed to rely on their own enquiries and consult their professional adviser for the accuracy of all the aspects of the information.
Listing description written by Blake Dunn, Raine & Horne Gosford — reproduced as published, not verified by Districts.