FOR SALE
Price Guide $1,100,000 - $1,200,000

1 & 2/103 Sandy Point Road
Corlette NSW 2315

Bedrooms: 7
Bathrooms: 3
Car spaces: 4
Land area: 626m2
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Dual Income - You do the Math!

Located a short level stroll to the beach and the Anchorage Marina is this unique investment opportunity.
On 626m2 of land these two separate residences offer 7 bedrooms in total.
We will do our best to explain it but view the floor plans they will help greatly.
1/103 is the residence at the front of the block it features 5 bedrooms, 2 bathrooms and 2 kitchens. The property is currently rented as a whole but upstairs and downstairs do have separate entry and no internal stairs. Downstairs has been recently renovated with a new kitchen and bathroom.
2/103 is the second residence at the rear of the block, it is a 2 storey 2 bedrooms home with generous living space and private courtyard.
There is car parking for 2 vehicles for each unit on the property as well.
Currently generating a weekly rental income of $1,210per week.
This is a set and forget investment opportunity - An opportunity to secure a great block close to the beach and collect the rent while you explore the opportunities and plan your next move.... Is it the Dream home? Maybe a Duplex?
Secure your future.
All information contained herein is gathered from sources we consider to be reliable. However, we, LJ Hooker Nelson Bay cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing. View our privacy policy here - https://www.ljhooker.com.au/legals/privacy-policy

Property Details for 1 & 2/103 Sandy Point Rd, Corlette

1 & 2/103 Sandy Point Rd, Corlette is a 7 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 626m2. The place is currently for sale with LJ Hooker Nelson Bay.

Building Type
House
Land Size
626m2

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About Corlette 2315

The size of Corlette is approximately 3 square kilometres. It has 20 parks covering nearly 21.2% of total area. The population of Corlette in 2011 was 4,640 people. By 2016 the population was 5,349 showing a population growth of 15.3% in the area during that time. The predominant age group in Corlette is 60-69 years. Households in Corlette are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Corlette work in a professional occupation. In 2011, 71.1% of the homes in Corlette were owner-occupied compared with 74.8% in 2016.

Corlette has 2,864 properties. Over the last 5 years, Houses in Corlette have seen a 68.30% increase in median value, while Units have seen a 52.50% increase. As at 31 August 2024:

  • The median value for Houses in Corlette is $1,114,450 while the median value for Units is $748,877.
  • Houses have a median rent of $670 while Units have a median rent of $595.
There are currently 28 properties listed for sale, and 1 property listed for rent in Corlette on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Corlette.

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Sally Edwards
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