FOR SALE
$980,000

53 Charles Street
Iluka NSW 2466

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Land area: 505.5m2
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Prime Development Opportunity

Located in the heart of Iluka is this fantastic offering with Commercial and Residential mixed usage. Set on a 505 sqm block, this E1 employment-zoned property offers huge flexibility on future use. With a zoning that focuses on the commercial element, having a residential component already present is a huge benefit. Added to that space to develop or add to the existing, at the rear of the block and you have a prime development opportunity in the high street of a coastal town on the rise.
E1 zone potential uses (STCA)
- Secondary dwelling
- Shop top housing
- Granny flat
- Residential accommodation
The commercial premises is and has been a feature in Iluka's high street for many, many years. Positioned beautifully, the commercial space represents an immediate opportunity to gain a return on investment.
The main residence is situated behind and is accessed via the rear laneway. The commercial and residential can co-exist independently. The residence itself is a mix of new & old, requiring some renovation. Meaning you can come in, add your own personality and create your perfect Iluka home.
The options here really are plentiful and commercial opportunities in this location do not present too often. The owners are clear in their intention to sell, so do not delay in contacting LJ Hooker Iluka or LJ Hooker Yamba.
Private inspections are available 7 days a week for qualified buyers giving 24 hours notice.

Property Details for 53 Charles St, Iluka

53 Charles St, Iluka is a 3 bedroom, 3 bathroom House with 1 parking spaces. The property has a land size of 505.5m2. The place is currently for sale with LJ Hooker Iluka.

Building Type
House
Land Size
505.5m2

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About Iluka 2466

The size of Iluka is approximately 12.8 square kilometres. It has 9 parks covering nearly 51.3% of total area. The population of Iluka in 2011 was 1,702 people. By 2016 the population was 1,700 showing a population decline of 0.1% in the area during that time. The predominant age group in Iluka is 60-69 years. Households in Iluka are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Iluka work in a labourer occupation. In 2011, 62% of the homes in Iluka were owner-occupied compared with 65.5% in 2016.

Iluka has 1,662 properties. Over the last 5 years, Houses in Iluka have seen a 85.71% increase in median value, while Units have seen a 51.83% increase. As at 31 August 2024:

  • The median value for Houses in Iluka is $841,601 while the median value for Units is $523,004.
  • Houses have a median rent of $490 while Units have a median rent of $410.
There are currently 53 properties listed for sale, and 3 properties listed for rent in Iluka on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Iluka.

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Nick Potente
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LJ Hooker Iluka
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