704 The Entrance Road, Wamberal, NSW 2260

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Sold

Sold for $700,000 (Jun 27, 2019)

SOLD by Raine&Horne

Offering two freestanding homes on a large 835sqm block, this unique property has a rare, dual occupancy approval, and is located in one of the Central Coast strongest property markets.

The property features a cute 3 bedroom “character cottage” at the front, with high ceilings and timber floors. Its original 1960’s condition has been beautifully maintained and it’s currently rented for $360/week

The rear house is around 20 years old and features a large 2 bedroom floor plan, a full length 12m rear deck and a lovely leafy outlook with some ocean glimpses. It has a reliable rent potential in the vicinity of $450/week.

Gross rent potential is comfortably in excess of $800/week and with only one set of rates payable, outgoings are kept to a minimum.

It is ideal as either a dual income producing long term investment, or as a primary home with separate income or for multi-family situations.

Situated close to both sets of Wamberal shops, its a stroll to a (doctor,chemist,physio,podiatrist, dentist, Darrons Seafoods, butcher, Post Office, newsagency, Wambi Whoppers, Thai take away, cafes, 24 hour service station, jeweller and hair salons), as well as the kids playground on Wairekai Rd and a safe footpath to the beach.

It is located directly opposite the best daycare centre in Wamberal, has a bus at the door and is close to Wamberal Primary School.

Affordable and offering a broad range of potential usages, this is without doubt the most unique property to hit the Wamberal market this year. Do not miss it!

NOTE: BEST PARKING FOR INSPECTIONS IS IN READS RD, OPPOSITE THE PROPERTY

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Property Info:
  • Property ID: 2802923
  • Property Type: House
  • Garages: 1
  • Carports: 1
  • Open Parking: 2
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R&H Suburb Profile: Wamberal

R&H Suburb Summary Houses
Number of sales 114
Average Price $1,183,075
Median Price $1,028,000
Median Rental Price $600 p.w.
Change in Rental Rate (5yr) 15 %
R&H Suburb Summary Units
Number of sales 16
Average Price $936,458
Median Price $775,000
Median Rental Price $425 p.w.
Change in Rental Rate (5yr) 6 %
Wamberal, NSW - Median Trend
$1,028,000