SOLD
Sold on 14 Jun 2024 for $1,300,000

126 Ocean Street
Dudley NSW 2290

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1366m2
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Property Details for 126 Ocean St, Dudley

Building Type
Commercial
Land Size
1366m2
Local Government
Lake Macquarie
Lot/Plan
213/DP755233

Last Listing description (November 2023)

The property comprises a 1,366 square metre* site within the highly sought after and tightly held beachside suburb of Dudley. Zoned R2 Low Density Residential, the site offers multiple redevelopment options including dual occupancy housing, childcare or health consulting rooms (STCA), with the benefit of $52,000* per annum in holding income whilst the planning process is undertaken. Improved on the land is a 300 square metre* building currently occupied by Telstra Corporation and known as the Dudley Telstra Exchange.

The property is located on the southern side of Ocean Street, the main thoroughfare connecting Dudley to Whitebridge. Shops, sporting fields and hotels are within 350 metres* of the site, which is nestled between the Dudley Public School and Awabakal Nature Reserve.

For Sale by Expressions of Interest closing Friday 10 November 2023 at 4pm (AEDT)

Ground Floor, 18 Honeysuckle Drive, Newcastle.

*Approximate

Property History for 126 Ocean St, Dudley, NSW 2290

A timeline of how this property has performed in the market
Last Sold
$1,300,000
14 Jun 2024
  • 14 Jun 2024
    Sold for $1,300,000
  • 06 Oct 2023
    Listed for Sale Please contact agent
  • 25 Oct 2018
    Listed for Sale Not Disclosed

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About Dudley 2290

The size of Dudley is approximately 5.5 square kilometres. It has 8 parks covering nearly 62.9% of total area. The population of Dudley in 2011 was 2,266 people. By 2016 the population was 2,424 showing a population growth of 7.0% in the area during that time. The predominant age group in Dudley is 40-49 years. Households in Dudley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dudley work in a professional occupation. In 2011, 81.9% of the homes in Dudley were owner-occupied compared with 83% in 2016.

Dudley has 1,021 properties. Over the last 5 years, Houses in Dudley have seen a 81.50% increase in median value, while Units have seen a 36.07% increase. As at 30 November 2024:

  • The median value for Houses in Dudley is $1,053,072 while the median value for Units is $757,346.
  • Houses have a median rent of $720 while Units have a median rent of $483.
There are currently no properties listed for sale, and 1 property listed for rent in Dudley on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Dudley.

Suburb Insights for Dudley 2290

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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.