51A/51B Second Avenue, Erowal Bay, NSW 2540 | Property Value & History | OnTheHouse
OFF MARKET

51A/51B Second Avenue
Erowal Bay NSW 2540

Bedrooms: 8
Bathrooms: 6
Car spaces: 6
Land area: 1012m2
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Property Details for 51a/51b Second Ave, Erowal Bay

51a/51b Second Ave, Erowal Bay is a 8 bedroom, 6 bathroom House with 6 parking spaces. The property has a land size of 1012m2.

Building Type
House
Land Size
1012m2
Local Government
Shoalhaven

Last Listing description (May 2026)

Offered to the market for the first time since construction in 2005, this highly desirable duplex is positioned in one of Jervis Bays most sought-after villages and presents an exceptional lifestyle and investment opportunity.

Comprising two substantial four-bedroom, three-bathroom residences, the property has been designed for comfort, privacy, and long-term appeal. Each home features generous living zones, covered outdoor entertaining areas, off-street parking, and an attached single lock-up garagemaking this a true set and forget investment.

Set on a 1012sqm R2-zoned parcel, the location is outstanding: just a 4-minute walk to the waters edge, 3 minutes to the iconic Erowal Bay tennis courts, and a 2-minute drive to the deep-water boat ramp on St Georges Basin. Hyams Beach is only 7 minutes away, perfect for morning swims and breakfast at the renowned Hyams Beach Caf.

Residence Breakdown

51A (Currently Tenanted)
- Brick and tile construction
- Four bedrooms
- Three bathrooms
- Two living areas
- 6m x 4m undercover outdoor entertaining
- Two off-street car spaces
- Single lock-up garage
- 4m x 3.4m garden shed

51B (Owner Occupied)
- Brick and tile construction
- Four bedrooms
- Three bathrooms
- Two living areas
- 6m x 6m undercover outdoor entertaining
- 3m x 3m pergola with slab area for a spa
- Carport plus additional off-street parking
- Single lock-up garage
- 5.4m x 3.7m designer shed
- 4m x 3.7m trailer port

Property Highlights
- Eight bedrooms, six bathrooms, two garages, carport and extensive off-street parking
- Kitchens with granite benchtops, pantries, and dining areas opening to covered alfresco spaces
- Cosy front lounge rooms with carpet and ceiling fans, plus additional TV rooms in open-plan living areas
- Tiled living spaces downstairs and carpeted bedrooms and front loungeroom upstairs
- Under-stair storage, ceiling fans throughout, gas heating, and excellent northsouth airflow
- Master bedrooms with ensuite, four-door built-in robes, ceiling fans, and carpet
- Bedrooms 2 and 3 are queen-sized with built-ins; Bedroom 4 accommodates a double or single bed
- North-facing rear yards, fully fenced, private, and beautifully established gardens
- Long-term tenants in 51A; 51B owner occupied
- Subdivision permissible (STCA)
- Ideal to live in one and rent the other, or secure now and lease both for dual income

This is a rare opportunity to secure a substantial dual-occupancy property in an enviable coastal setting, offering lifestyle, flexibility, and strong long-term investment potential.

To arrange a private inspection, please contact Sian Silk-King on 0431 578 515.

Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.

Property History for 51a/51b Second Ave, Erowal Bay, NSW 2540

A timeline of how this property has performed in the market
  • 18 Aug 2025
    Listed for Sale $1,650,000 - $1,700,000
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About Erowal Bay 2540

The size of Erowal Bay is approximately 3.5 square kilometres. There are 2 parks, covering nearly 61.6% of the total area. The population of Erowal Bay in 2016 was 623 people. By 2021 the population was 652 showing a population growth of 4.6% in the area during that time. The predominant age group in Erowal Bay is 70-79 years. Households in Erowal Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Erowal Bay work in a professional occupation.In 2021, 72.90% of the homes in Erowal Bay were owner-occupied compared with 77.80% in 2016.

Erowal Bay has 515 properties. Over the last 5 years, Houses in Erowal Bay have seen a 32.44% increase in median value. As at 31 May 2026:

  • The median value for Houses in Erowal Bay is $772,423 while the median value for Units is $631,001.
  • Houses have a median rent of $555.
There are currently 9 properties listed for sale, and no properties listed for rent in Erowal bay on OnTheHouse. According to Cotality's data, 17 properties were sold in the past 12 months in Erowal bay.

Suburb Insights for Erowal Bay 2540

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.