OFF MARKET

9 Lotus Street
Hyams Beach NSW 2540

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 145m2
Land area: 1145m2
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Last updated 9 Sep 2024
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Property Details for 9 Lotus St, Hyams Beach

9 Lotus St, Hyams Beach is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 1145m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
House
Year Built
1960
Floor Size
145m2
Land Size
1145m2
Local Government
Shoalhaven
Lot/Plan
24/DP244660

Last Listing description (December 2022)

9 Lotus Street, a large 1,138m2 block with spectacular Jervis Bay views, is being offered for the first time in over 50 years! It has an elevated position on the high side of Tulip Street, dual road access, and a perfect north easterly aspect.

This is a rare development site with undoubtedly the best views in Hyams Beach. It also has potential to be sub-divided for the construction of two dwellings, or to build a substantial duplex with a common wall and separate titles (not strata).

Regarding possible redevelopment of the site:

- an expert report from Salt Design is available, setting out what development is possible and what constraints need to be complied with
- a bushfire report is also available but has been factored into the advice provided by Salt Design. A rear boundary set back of 14 metres is required for bushfire considerations, but due to the diamond shape of the land, this has very little design impact
- a maximum height of 8.5 metres (following the slope of the land) is prescribed, giving massive scope to capture what are no doubt the best views in Hyams Beach!
- a floor space ratio of 50% is mandated, allowing up to 557m2 of internal surface area across one or two dwellings (excluding deck and garage areas). This provides plenty of scope to build one or two large and luxurious residences!
- the lot fronts both Tulip Street and Lotus Street, so parking and access options are ideal for two dwellings or a duplex. Some excavation for underground parking may also be possible or feasible due to the natural slope of the site (STCA)

The existing house dates to the 1970's and is very much in original condition, including the bathrooms and kitchen. All hot water systems are functional or have been updgraded. The same for all plumbing, bathrooms and toilets. The house is divided into two units downstairs and an upstairs level, all with plenty of parking and outdoor / deck space. The internal area of the current dwelling is circa 255m2.

The property can therefore be holiday rented during any holding period, subject to setting an appropriate rate to reflect the older style. The views and location are superb! A holiday rental appraisal can be provided upon request.

Annual rates are $3,068 and water availability charges are $800 per annum. The VGA value of the land is $1,880,000.

Inspection is by appointment only. Please contact Craig McIntosh of the Holidays Collection on 0455 544 228.

Property History for 9 Lotus St, Hyams Beach, NSW 2540

A timeline of how this property has performed in the market
Last Sold
$2,350,000
16 Dec 2022
  • 16 Dec 2022
    Sold for $2,350,000
  • 07 Aug 2022
    Listed for Sale UNDER OFFER
  • 08 Sep 2021
    Sold

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About Hyams Beach 2540

The size of Hyams Beach is approximately 5.2 square kilometres. It has 2 parks. The population of Hyams Beach in 2011 was 290 people. By 2016 the population was 111 showing a population decline of 61.7% in the area during that time. The predominant age group in Hyams Beach is 70-79 years. Households in Hyams Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hyams Beach work in a professional occupation. In 2011, 77.3% of the homes in Hyams Beach were owner-occupied compared with 94.1% in 2016.

Hyams Beach has 273 properties. Over the last 5 years, Houses in Hyams Beach have seen a 75.67% increase in median value, while Units have seen a 57.81% increase. As at 31 August 2024:

  • The median value for Houses in Hyams Beach is $1,270,256 while the median value for Units is $796,215.
There are currently no properties listed for sale, and 1 property listed for rent in Hyams beach on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Hyams beach.

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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.