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Sold on 13 Aug 2024 for $1,050,000

124 Macquarie Grove
Caves Beach NSW 2281

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 600m2
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Property Details for 124 Macquarie Gr, Caves Beach

124 Macquarie Gr, Caves Beach is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 600m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Caves Beach in the last 12 months.

Building Type
House
Land Size
600m2
Local Government
Lake Macquarie
Lot/Plan
451/DP216402

Last Listing description (August 2024)

This isn't just any old property, it's an especially rare find in a coveted location.

You know what we are going to say next because it's the biggest cliche in the business, but it's true, this is a "LOCATION, LOCATION, LOCATION" property!

It's definitely not the prettiest property in town, but it's right in the sweet spot, literally a short stroll to the beach, Caves Beach Surf Club's patrolled sand and surf, with gorgeous cafes, restaurants, hotel and everyday shops and conveniences.

The home has been in the family since the initial build and has seen the town of Caves Beach transform around it. Internally the home has kept an original design and presentation with three beds to the upper level, kitchen, bathroom and large living area that walks out to the wrap around veranda.

The lower level of the home has been used as separate living quarters with fourth bedroom and combined laundry and bathroom.

Oversized garaging and workshop complete the lower level of the home where tools, cars and all the toys have held their place over the years. With the deck doubling up as a carport.

Promising potential plus, builders will love the bones, cosmetic surgeons/renovators and weekender buyers will froth on the layout, with open plan living and kitchen up top, 50kg max capacity front and back decks ;) offer inspirational extension opportunities.

There's also the potential to build a stylish new duplex, where you can live in one and sell the other to help pay for your new home and fund your dream lifestyle. Or if you can work with the existing bones and extend or knockdown and rebuild the ultimate coastal beach house on the entire block.

Alternatively you could live in one and rent the other permanently or as a weekender, providing you with an income in your retirement years.

If you can afford to hold onto both, this will be a location that will only grow in value and pay dividends in the future, securing a steady income until you're ready to settle down or retire in this idyllic location.

Whether you dream of a sophisticated or simple renovation or envision a brand-new build, this spot provides the perfect foundation against an unbeatable beachfront reserve backdrop to work with.

• Prime corner block location in the highly sought and tightly held Caves Beach locale
• Dual street access and flat level block of approx. 600sqm offers endless possibilities for redevelopment or renovation making it an attractive proposition for developers, builders or seasoned renovators looking to capitalise on its potential
• The four bedroom home has been in the family since construction and boasts a two storey design with kitchen, living and three bedrooms upstairs
• Lower level of the home has been used as separate accommodation for family with bedroom and bathroom and internal access to the massive double garage and workshop area
• Enviable Caves Beach location known for its coastal lifestyle of pristine beaches, walking trails, parks, cafes, restaurants and local shops
• Build your dream home, invest in your future retirement plan or pick up as a weekender

Located just an hour from Hornsby and a mere 30 minutes to Newcastle, this property is more than just a home, it's a getaway retreat.

The local community is vibrant and welcoming, with a charming village atmosphere. You'll find a variety of cafes, restaurants, and boutique shops just a short stroll away, providing all the amenities you need for a comfortable lifestyle. Excellent schools, parks, and recreational facilities are also within easy reach, making it an ideal location for families and professionals alike.

Don't let this rare chance pass you by…

Whether you're after a weekend sanctuary, a peaceful retirement spot, or a wise investment, this property is a dream waiting to be realised…

Reach out to us today, and let's turn your beachside dream into reality…

Available at Auction or happy to hear offers prior…

*Information in this advertisement is provided as-is. While we strive for accuracy, we do not guarantee the completeness or reliability of the details herein. Prices and conditions are subject to change without notice. Buyers should verify all information independently.
** All potential develop subject to council approval

Property History for 124 Macquarie Gr, Caves Beach, NSW 2281

A timeline of how this property has performed in the market
Last Sold
$1,050,000
13 Aug 2024
  • 30 Jul 2024
    Sold for $1,050,000
  • 15 May 2024
    Listed for Sale UNDER OFFER
  • 22 Dec 2022
    Sold

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About Caves Beach 2281

The size of Caves Beach is approximately 2.6 square kilometres. It has 7 parks covering nearly 27.4% of total area. The population of Caves Beach in 2011 was 3,935 people. By 2016 the population was 4,053 showing a population growth of 3.0% in the area during that time. The predominant age group in Caves Beach is 50-59 years. Households in Caves Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caves Beach work in a professional occupation. In 2011, 78% of the homes in Caves Beach were owner-occupied compared with 80.4% in 2016.

Caves Beach has 1,969 properties. Over the last 5 years, Houses in Caves Beach have seen a 81.17% increase in median value, while Units have seen a 66.78% increase. As at 30 September 2024:

  • The median value for Houses in Caves Beach is $1,216,845 while the median value for Units is $898,422.
  • Houses have a median rent of $780 while Units have a median rent of $535.
There are currently 29 properties listed for sale, and 1 property listed for rent in Caves beach on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Caves beach.

Suburb Insights for Caves Beach 2281

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Shanti Page
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Ben Casey
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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.