OFF MARKET

757 Lawrence Hargrave Drive
Coledale NSW 2515

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 406m2
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Property Details for 757 Lawrence Hargrave Dr, Coledale

757 Lawrence Hargrave Dr, Coledale is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 406m2.

Building Type
House
Land Size
406m2
Local Government
Wollongong
Lot/Plan
CP/SP86050

Last Listing description (October 2017)

For sale together or separately.
8 Coledale Avenue and 757 Lawrence Hargrave Drive.
A rare opportunity arises to make a dream come true and own a beach home with an income in one of the friendliest and most sought after suburbs of the Northern Illawarra.

As they say in real estate, it is all about the location. This property is perfectly located, just one block from the ocean, with the commercial units being part of the quaint and friendly Coledale village precinct.
You can leave the hustle and bustle of the city life behind to become your own boss and landlord, living a dream lifestyle while generating income from two successful businesses. The property is Council approved as two separate titles for the residential dwelling and the commercial units.
The residential dwelling is quite separate from the commercial units with its own access from Coledale Avenue, one of the most exclusive waterfront addresses.
The location needs to be seen to be believed. Less than a minutes walk takes you to a sandy beach and the ocean rock pool, and another patrolled beach is just a little further along.
Discover what life really has to offer. Wake up and feel like you are on holiday every day Relax on a sun drenched balcony and watch the whales frolic, grab the board and hit the surf, or take the dog out for a stroll on an off leash beach. This is the life
And there is excellent fishing from the rock shelf across the road and great snorkeling for the more adventurous.
The property is totally secure with full fencing and security gates. Leave the cars at home and enjoy village life, there is no need to drive as everything you need is at your doorstep.
The home is comfortable and low in maintenance, with scope to modernize to your own taste. The added bonus is a self-contained accommodation downstairs, perfect for extended family or in-laws.
There is potential to convert the garage into additional rooms without compromising on the parking space, if required.
There is secure under cover space for a boat or a caravan, or parking for 6 cars, so you can enjoy family and friends visiting frequently.
Located just moments from the local school and transport, and so easily accessed from Sydney by rail or road, this property would make a great blue chip investment.
Beach house or primary home, this property can fulfill both dreams, here are some options to consider if buying both properties together:
1. Buy as an Investment one residential and two commercial leases
2. Family Home plus Investment - with 2 shops leased and producing rental income
3. Home plus Business - run your our business from the food outlet premises and keep the other unit leased
4. Use the home as a Weekender and do Holiday Letting when not used, while leasing both commercial units
Commercial Units:
Unit 1 - Hairdresser salon - 31.8m2 floor space, currently on a 5 year lease
Unit 2 Take Away food outlet 57.2m2 floor space, currently vacant
2 x toilets + store room
More about Coledale
Coledale is a truly unique suburb, where you can experience a true community spirit and laid back and easy lifestyle, with all facilities close at hand. There are two beaches, main Coledale Beach is patrolled with an active Surf Life Saving Club running a prestigious camp site, where you often find local families camping and enjoying a good time. The second Sharkey Beach is often used by locals to walk their dogs off the leash, by surfers, fly fishing enthusiasts, and by kids exploring numerous tidal rock pools. In between the two beaches there is a large tidal swimming pool, used by swimmers for most of the year.
Other essential facilities include prestigious primary school located literally on the ocean front, with its own whale watching station, and a pre-school childcare centre nearby. Every fourth Sunday of the month the school becomes host for Coledale Market , with brick-a-brack stalls, local produce and food stalls, which is very popular among the locals and visitors alike.
In Coledale village itself you will find the RSL club with excellent selection of meals and beers at very reasonable prices. There is also a newsagent/grocery store/caf (currently being refurbished and under new management), video hire and a hairdresser salon. Across the road there is a souvenir shop and Chedo s caf , known for its fine cuisine and excellent coffee, conveniently located next door to the Coledale Fine Wines bottle shop.
What more do you need? Oh, there is a train station with around an hour trip to Sydney. Come and experience the lifestyle

Property History for 757 Lawrence Hargrave Dr, Coledale, NSW 2515

A timeline of how this property has performed in the market
  • 11 Oct 2016
    Listed for Sale By Negotiation

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About Coledale 2515

The size of Coledale is approximately 2.1 square kilometres. It has 10 parks covering nearly 18.8% of total area. The population of Coledale in 2011 was 1,167 people. By 2016 the population was 1,256 showing a population growth of 7.6% in the area during that time. The predominant age group in Coledale is 40-49 years. Households in Coledale are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Coledale work in a professional occupation. In 2011, 81.1% of the homes in Coledale were owner-occupied compared with 79% in 2016.

Coledale has 566 properties. Over the last 5 years, Houses in Coledale have seen a 90.90% increase in median value, while Units have seen a 42.03% increase. As at 31 October 2024:

  • The median value for Houses in Coledale is $2,149,496 while the median value for Units is $1,188,990.
  • Houses have a median rent of $835.
There are currently 2 properties listed for sale, and no properties listed for rent in Coledale on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Coledale.

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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.