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Sold on 07 Sep 2024 for $645,000

89 Macquarie Road
Fennell Bay NSW 2283

Bedrooms: 1
Bathrooms: 1
Car spaces: 3
Floor area: 81m2
Land area: 928m2
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Belle Property Newcastle
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Property Details for 89 Macquarie Rd, Fennell Bay

89 Macquarie Rd, Fennell Bay is a 1 bedroom, 1 bathroom House with 3 parking spaces and was built in 1920. The property has a land size of 928m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom House sold in Fennell Bay in the last 12 months.

Building Type
House
Year Built
1920
Floor Size
81m2
Land Size
928m2
Local Government
Lake Macquarie
Lot/Plan
32/DP622868

Last Listing description (October 2024)

Experience unparalleled development potential in the heart of Fennell Bay, where location and opportunity converge. Nestled on a generous 927-square-metre parcel, this unique property comes with DA approval for two four bedroom family homes, primed for future growth and success. he existing charming 1940s two-bedroom, one-bathroom cottage offers immediate living solutions, providing flexibility as you plan your project.

Positioned just moments from the shimmering lake, any new construction here will appeal to those seeking an ideal blend of lifestyle and convenience. This prime piece of land is situated in a community-oriented neighbourhood, offering easy access to a vibrant array of shops, cafes, restaurants, and top-tier schools.

The desirability of this location is undeniable, with its strong appeal to investors, First home buyers, Downsizers, Developers or those looking for a weekend getaway home. Ready to unlock its full potential. This property represents a rare chance to make a significant impact in the burgeoning Lake Macquarie market.

- Prime development opportunity in the heart of Fennell Bay.
- Generous 927-square-metre parcel with DA approval for two family homes.
- Existing two-bedroom, one-bathroom house provides immediate living solutions.
- Elegant French doors off the master bedroom that add a touch of timeless beauty
- Lock-up garage complemented by a spacious double carport and a large shed, providing ample storage and parking options
- Community-oriented neighbourhood with easy access to shops, cafes, and restaurants
- 1.2km to Fennell Bay Public School, 1.3km to Fassifern Station, 3.5km to Toronto
- Strong appeal to investors and developers looking to unlock potential
- Reverse cycle air conditioning and floating timber floors throughout
- Golden opportunity in a fast-growing region where peace and prosperity meet

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Property History for 89 Macquarie Rd, Fennell Bay, NSW 2283

A timeline of how this property has performed in the market
Last Sold
$645,000
07 Sep 2024
  • 07 Sep 2024
    Sold for $645,000
  • 26 Apr 2024
    Listed for Sale Guide $599,000
  • 29 Jan 2022
    Sold for $592,000
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About Fennell Bay 2283

The size of Fennell Bay is approximately 2.8 square kilometres. It has 5 parks covering nearly 2.6% of total area. The population of Fennell Bay in 2011 was 1,473 people. By 2016 the population was 1,610 showing a population growth of 9.3% in the area during that time. The predominant age group in Fennell Bay is 60-69 years. Households in Fennell Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fennell Bay work in a trades occupation. In 2011, 74.7% of the homes in Fennell Bay were owner-occupied compared with 77.3% in 2016.

Fennell Bay has 830 properties. Over the last 5 years, Houses in Fennell Bay have seen a 73.83% increase in median value, while Units have seen a 49.78% increase. As at 30 November 2024:

  • The median value for Houses in Fennell Bay is $764,925 while the median value for Units is $617,365.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Fennell bay on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Fennell bay.

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