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.
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
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:
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