178 Lake RoadElermore Vale NSW 2287
Property Details for 178 Lake Rd, Elermore Vale
Last Listing description (July 2023)
Colliers are pleased to exclusively present, for the first time to the market Elermore Glen Retirement Village situated at 178 Lake Road, Elermore Vale, a premium and mature retirement village located in the coastal region of Newcastle.
Developed and managed over 20 years by the current owners, Elermore Glen Retirement Village provides a buyer with an established, gilt edged retirement village comprising 217 independent living units (ILUs) on a 17.65 hectare* land parcel, including 5.139 hectares* of surplus land for potential future expansion (stnc).
As evidenced by the extensive waiting list, Elermore Glen Retirement Village is highly respected within the community. In addition to the stable and quality earnings, the asset includes unfactored development potential for future investors.
Elermore Glen Retirement Village is offered to the market via an Expressions of Interest (EOI) campaign. To obtain further information and discuss Elermore Glen Retirement Village in detail, please contact the marketing agents.
*approximately.
Property History for 178 Lake Rd, Elermore Vale, NSW 2287
- 17 Nov 2025Sold for $33,107,109
- 17 Jul 2023Listed for Sale Contact agents
- 27 Mar 2015Sold for $1,094,917
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0About Elermore Vale 2287
The size of Elermore Vale is approximately 4.8 square kilometres. There are 22 parks, covering nearly 12.0% of the total area. The population of Elermore Vale in 2016 was 5526 people. By 2021 the population was 6057 showing a population growth of 9.6% in the area during that time. The predominant age group in Elermore Vale is 30-39 years. Households in Elermore Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Elermore Vale work in a professional occupation.In 2021, 68.90% of the homes in Elermore Vale were owner-occupied compared with 70.30% in 2016.
Elermore Vale has 2,862 properties. Over the last 5 years, Houses in Elermore Vale have seen a 37.77% increase in median value, while Units have seen a 55.30% increase. As at 31 July 2026:
- The median value for Houses in Elermore Vale is $942,150 while the median value for Units is $741,090.
- Houses have a median rent of $725 while Units have a median rent of $700.
Suburb Insights for Elermore Vale 2287
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