106 Spenser St, Iluka is a 6 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 6 bedroom House sold in Iluka in the last 12 months.
Explore the unique potential of owning two separate houses on a single R2 zoned block in the heart of Iluka, NSW. This property presents a rare opportunity to acquire a low-density residential site with two distinct dwellings, each with separate electricity and sewerage connections, ideal for families, investors, or those seeking additional income.
Main House: This residence is in pristine, brand-new condition with modern finishes still retaining their original packaging, signifying minimal to no use. The property features an electric gate leading to a double garage, ensuring privacy and security. The ground floor boasts a fully air-conditioned media room, an office/study space, a separate lounge area, a state-of-the-art kitchen with a brand-new oven and dishwasher, a walk-in pantry, and a large dining area complemented by an additional toilet.
The first floor offers another living space opening to a balcony, a vast master bedroom with its private balcony, an expansive ensuite with a spa bath and a walk-in robe. Bedrooms 2, 3, and 4 are well-appointed with built-in wardrobes. A main bathroom with a separate toilet completes this luxurious home.
Original House: The original dwelling on the block, this 2 bedroom house with a kitchenette, bathroom and toilet, offers tremendous potential for renovation. It stands as a canvas ready to be transformed into a profitable rental property or a comfortable guest house, adding value and versatility to the entire estate.
This dual-house setup is perfect for those looking to live in one house while renovating or renting out the other, providing a smart pathway to a second income or a significant investment opportunity.
With its excellent location and distinctive attributes, 106 Spencer Street is not just a residence but a promising investment into the future.
The size of Iluka is approximately 12.8 square kilometres. It has 9 parks covering nearly 51.3% of total area. The population of Iluka in 2011 was 1,702 people. By 2016 the population was 1,700 showing a population decline of 0.1% in the area during that time. The predominant age group in Iluka is 60-69 years. Households in Iluka are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Iluka work in a labourer occupation. In 2011, 62% of the homes in Iluka were owner-occupied compared with 65.5% in 2016.
Iluka has 1,660 properties. Over the last 5 years, Houses in Iluka have seen a 98.94% increase in median value, while Units have seen a 44.97% increase. As at 31 October 2024:
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