FOR SALE
Expressions of Interest

74 Spenser Street
Iluka NSW 2466

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Land area: 1012m2
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Mixed Use, Exceptional Potential, Prime Location

An outstanding opportunity presents itself with this flexible use property in the heart of Iluka. Set on a 1,012m2 block, this beautiful property is a successful holiday rental known as 'The Greenroom' with a considerable sized return clientele. Zoned E1 to suit a range of on-site business uses and offering a flexible floorplan, the existing two level home can easily be reimagined into two separate residential rental properties with a three bedroom home upstairs joining a one bedroom unit downstairs. It also features an onsite caf�/restaurant set up, with a commercial kitchen and cool room.
Designed for comfort the upstairs residence features a light filled open plan living/dining area with stunning timber flooring and air conditioning, which opens onto two separate balconies perfect for alfresco entertaining. The modern kitchen features beautiful cabinetry and plenty of bench space with gas cooktop and stainless steel appliances. Perfect for preparing the family meals or a dinner party. The bathroom features a freestanding bath, shower and unique stone basin. Three large bedrooms feature ceiling fans and built in robes.
Downstairs is a one-bedroom residence that features an independent off-street entry, plus an open-plan living/dining area, separate bedroom with walk-in robe, stylish wet room-style bathroom and office space.
The upstairs and downstairs residences have separately metered solar panels.
An undercover deck abuts the commercial kitchen exit that leads to two external sheds. One high and open to accommodate caravans, boats or large vehicles and a smaller lockable shed that are both accessed from the rear laneway, offering ample vehicle storage options.
To the front of the property on the lower level, entry from the street finds you in a large open plan area with an adjoining deck. Perfect for use as a recreational area or as a dedicated caf�/restaurant space, the choice is yours.
This property is one of a kind, perfect for the investor with multiple potential income streams or the owner occupier with the vision to create the perfect work/lifestyle balance.
Contact Nick Potente or Jodie Stroud today to arrange your private inspection.

Property Details for 74 Spenser St, Iluka

74 Spenser St, Iluka is a 4 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 1012m2. The place is currently for sale with LJ Hooker Iluka.

Building Type
House
Land Size
1012m2

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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 95.15% increase in median value, while Units have seen a 42.23% increase. As at 30 November 2024:

  • The median value for Houses in Iluka is $898,592 while the median value for Units is $491,776.
  • Houses have a median rent of $495 while Units have a median rent of $425.
There are currently 53 properties listed for sale, and 3 properties listed for rent in Iluka on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Iluka.

Suburb Insights for Iluka 2466

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Nick Potente
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LJ Hooker Iluka
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.