OFF MARKET

5 Palm Trees Drive
Boambee East NSW 2452

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 123m2
Land area: 703m2
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Last updated 30 Sep 2024
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Property Details for 5 Palm Trees Dr, Boambee East

5 Palm Trees Dr, Boambee East is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 703m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
House
Year Built
1985
Floor Size
123m2
Land Size
703m2
Local Government
Coffs Harbour
Lot/Plan
29/DP793268

Last Listing description (March 2017)

Ideal for first home buyers looking for a home with character, or an astute investor looking for strong returns, all within a short drive to Coffs Harbour and Sawtell Beach. Representing great value for money this home is situated in a quiet cul-de-sac position in the sought after Lamberts Park Estate. Offering three bedrooms this would make a perfect first home and is very suitable for a growing family. The building is rock solid being concrete block inside and out. There is one bathroom plus a second toilet in the laundry which could easily be converted into the 2nd bathroom. All rooms are generous and the kitchen, dining and lounge rooms are open plan. There is a large study or rumpus area off the dining room and an oversize single lockup garage with internal access. Detached from the main home is a 5.8 x 3.3 metre studio, teenagers retreat, or perfect man-cave. The fully fenced pet friendly yard is complete with a garden shed and landscaped to ensure low maintenance. The home & yard is almost completely level, making it wheelchair friendly or suitable for those who find stairs difficult. This home has a lot of possibilities and could be renovated with minimal expense. Currently tenanted at $400 per week until April 2017, with market rental expectations of $420 to $430 per week thereafter. Simply great buying in this price range.

Low maintenance home with approx 5% return
3 spacious bedrooms & 2nd toilet in Laundry

Gas stove & air-conditioner
5.8 x 3.3 metre separate studio
Fully fenced & landscaped yard with garden shed
Rates: $2742 PA, Land size: 736m2

Property History for 5 Palm Trees Dr, Boambee East, NSW 2452

A timeline of how this property has performed in the market
Last Sold
$410,000
29 Mar 2017
  • 29 Mar 2017
    Sold for $410,000
  • 24 Feb 2017
    Listed for Sale $425,000
  • 09 Nov 2009
    Sold for $325,000
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About Boambee East 2452

The size of Boambee East is approximately 3.6 square kilometres. It has 3 parks covering nearly 12.8% of total area. The population of Boambee East in 2011 was 5,446 people. By 2016 the population was 5,242 showing a population decline of 3.7% in the area during that time. The predominant age group in Boambee East is 50-59 years. Households in Boambee East are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Boambee East work in a professional occupation. In 2011, 71.4% of the homes in Boambee East were owner-occupied compared with 71.3% in 2016.

Boambee East has 2,325 properties. Over the last 5 years, Houses in Boambee East have seen a 63.78% increase in median value, while Units have seen a 49.47% increase. As at 31 August 2024:

  • The median value for Houses in Boambee East is $790,801 while the median value for Units is $509,964.
  • Houses have a median rent of $640 while Units have a median rent of $530.
There are currently 19 properties listed for sale, and 1 property listed for rent in Boambee east on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Boambee east.

Suburb Insights for Boambee East 2452

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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.