1 Illaroo Road, LAKE CATHIE, 2445, New South Wales

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Subject: 1 Illaroo Road, LAKE CATHIE, 2445, New South Wales

Auctioned

Auctioned for $875,000 (Mar 24, 2018)

SOLD AT AUCTION !!!!!

Property ID: 18327362

NEWS ALERT!!!

VENDOR NOW INSTRUCTS AUCTION FOR ACTION! THE PRICE HAS BEEN SLASHED TO MEET THE MARKETS PRIOR EXPRESSIONS OF INTEREST. OFFERS ARE WELCOME PRIOR TO AUCTION.

This is a real opportunity to own one of the most spectacular beachfront properties on this part of the Mid North Coast just 10 min south of Port Macquarie. Situated on the southern coastal shoulder of famous Lake Cathie and overlooking Lake Cathie Beach come the dawn of each day the tone is set. From sun soaked shimmering sands and glistening glassy ocean one day to the roar of the surf the next. Come evening and the moon sets fire to the sea. Be spellbound as pods of whale appear to perform exclusively for you. If you love the sun sea surfing or fishing this is paradise.

The property provides ample scope for alternative visions. It can be home for a family or it could be a family holiday home and holiday rental investment. It could be a simple home and income. Options abound given its sensational location and unique configuration. It is a solid double brick construction with tile roof providing 5 bedrooms (3 up and two down) with two living areas one up and one down and a bathroom and toilet on each level. The present configuration lends itself to living up with rental or holiday flat on the ground floor. Alternatively it could house a good size family in full occupation.

In the market for the first time in 14 years it is the perfect location for someone that wants the holiday coastal life of easy care and access to all of the recreational joys that this natural pristine paradise of Lake Cathie and its coastal environs offer.

The vendors live out of State, not returning and reluctantly say sell.

Building / Floor Area270 sqm
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R&H Suburb Profile: Lake Cathie

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R&H Suburb SummaryHouses
Number of sales 72
Average Price $592,532
Median Price $552,500
Median Rental Price $408 p.w.
Change in Rental Rate (5yr) 7 %
R&H Suburb SummaryUnits
Number of sales 10
Average Price $54,700
Median Price $273,500
Median Rental Price $300 p.w.
Change in Rental Rate (5yr) 16 %
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