4 Foley St, Mona Vale NSW 2103
Prime Mona Vale location, 760 m to village and 2 km to the beach.
Opposite Pittwater RSL with dining, bars and recreation facilities.
Quiet, low-traffic corner site with two-street access.
LMR potential for 3 terrace homes or 1 duplex (STA).
Strong sales evidence around $20,000 per m² in the area.
Estimated GR of ~$9.7M on ~$2.6M build cost.
Site Details
4 Foley St, Mona Vale is ideally located 760m from Mona Vale Village, 2km to Mona Vale beach, Water sports on Pittwater, Championship golf courses and the iconic Pittwater RSL.
The site is ideal for downsizers looking for a new Terrace House with ‘lock up and leave’ potential. There’s even a huge parking lot opposite for visitor parking.
Pittwater RSL (opposite) boasts 3 restaurants, 3 internal bar areas and a gigantic outside bar area, Pickle Ball courts, bowling greens and sporting practice areas, all within a 150m radius from the front door.
Tucked away in a low traffic enclave, 4 Foley Street has excellent traffic-light access to Mona Vale Road for excursions to Mona Vale shopping centre or the beach and quick access to the city via the B-Line bus exchange at Mona Vale.
Under Low and Mid Rise Housing (LMR) reforms, 4 Foley St should support (STA)[1]:
· 3 Terrace Homes, each with over 163m2 internal floorspace
(Terraces 04 at 0.8:1 FSR)
· 1 Duplex comprising 2 homes, with each home yielding over 229m2 of internal floorspace
(Duplex 01 at 0.75:1 FSR)
SITE ESSENTIALS:
4 Foley Street is a corner lot with 2-street access. The site slopes gently to Foley street and can potentially be drained to the front or rear.
The frontage to Foley St at (approx.) 22.7m, should support 3 Terrace Homes of around 163m2 internal area on a (front) North West/ (rear) South East orientation.
The rear entry off Vineyard St would be useful for access to rear rentable accommodation as represented by the rear pavilions in the Terraces 04 design.
The site carries no bushfire encroachment or Land Slip, so development under Low & Mid Rise Housing is permitted (STA).
Recent sales at $20,000/ m2 for Apartments have been achieved in the surrounding area. (see comparable sales in IM below).
Terrace Homes on this site should each sell for around $20,000/m2, giving a GR of around $9.7M on a build cost of around $2.6M.
LMR sites in Mona Vale are being quietly snapped up in off-market sales.
This is a chance to secure an LMR site on good terms and at a price that will only be going up over the coming months.
[1] The FSR’s and internal floorspaces quoted above are for the individual Pattern Book designs provided in the links above. These yields vary from design to design. The services of an architect and a private certifier are required to size and certify the design for implementation on individual sites. Designs can then be submitted and receive ‘fast-track’ planning consent via the NSW Planning Portal. For bespoke designs, the FSR’s for each building type are defined in section 6 of SEPP Housing 2021. Bespoke designs need to be submitted via the normal council DA channels.
Download the IM below for Pricing ,Terms, and comparable sales indicating the end sale price
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About Thorn Property
Thorn Property is the Northern Beaches’ specialist in development site sales, helping buyers and sellers take advantage of opportunities created by NSW planning reforms such as the Low and Mid-Rise Housing Policy. Led by Mark, a local expert in rezoned land sales, our agency offers unmatched insight into the market around the 9 approved Town Centres under the new LMR legislation. Whether you’re looking to purchase prime land for development or understand the new value of your property, we provide the guidance and expertise to help you make your next move with confidence.
Testimonials
“From the start of the process of selling our home to the very quick sale, Mark calmed our nerves and helped us breeze through the process. Mark’s professionalism in all facets of the process was greatly appreciated and we would have no hesitation in recommending him as an agent for other vendors.”
“Mark has worked diligently and professionally over the last 12 months to achieve a great result on a relatively unique joint land sale with our neighbour. He has been very responsive and tireless in his efforts to achieve this outcome”
“We would heartily recommend Mark. We were very impressed with the care and attention to detail throughout the preparation, negotiation and sale of our house in Bilgola Plateau by Mark Thorn. We would heartily recommend him to anyone looking for an honest and respectful agent.”
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From Our Blog
Discover what the NSW Housing Pattern Book is, how it works, and why it's shaping the future of low-rise housing design across New South Wales.