88 Naval ParadeErowal Bay NSW 2540
Property Details for 88 Naval Pde, Erowal Bay
88 Naval Pde, Erowal Bay is a 3 bedroom, 1 bathroom House with 6 parking spaces and was built in 1950. The property has a land size of 483m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in January 2018.
Last Listing description (August 2018)
88 Naval Parade is an extremely well located cottage in the up and coming village of Erowal Bay. It is across the road from the water, with views of St Georges Basin, and whilst close to local shops, it is still in a quiet pocket of the village. The house has 3 bedrooms, a bathroom and a large living and dining area. There is also a SLUG and a garden shed with laundry. The land is a low maintenance 518m2 parcel of land and is only a two minute drive to the Erowal Bay boat ramp & General Store, or a two minute walk to a reserve with access to the Basin.
88 Naval Parade could be kept as is, as an investment property with tenants, or used as a weekend retreat. There is also definite scope to improve the house configuration and fittings and hold the property for long-term capital gain. A summary of features is as follows:
- 3 bedrooms + 1 bathroom
- large living and dining area
- water views from the property
- open sun-filled living areas
- single car garage + separate laundry in shed
- 2 minutes drive to boat ramp & general store
- 2 minutes walk to reserve & water's edge
- low maintenance 518m2 block
- potential to add value, or great weekender or investment
- zoning: R2
- ratable land value: $266,000
- council rates: circa $900 per year
- water rates: circa $85 per year
Property History for 88 Naval Pde, Erowal Bay, NSW 2540
- 17 Jan 2018Sold for $617,000
- 03 Jan 2018Listed for Sale Auction
- 23 Dec 2015Sold for $425,000
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0About Erowal Bay 2540
The size of Erowal Bay is approximately 3.5 square kilometres. It has 2 parks covering nearly 61.6% of total area. The population of Erowal Bay in 2011 was 553 people. By 2016 the population was 623 showing a population growth of 12.7% in the area during that time. The predominant age group in Erowal Bay is 60-69 years. Households in Erowal Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Erowal Bay work in a trades occupation. In 2011, 77.3% of the homes in Erowal Bay were owner-occupied compared with 77.8% in 2016.
Erowal Bay has 513 properties. Over the last 5 years, Houses in Erowal Bay have seen a 64.58% increase in median value. As at 31 August 2024:
- The median value for Houses in Erowal Bay is $711,511 while the median value for Units is $501,469.
- Houses have a median rent of $550.
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