5 Owen StreetIluka NSW 2466
Property Details for 5 Owen St, Iluka
5 Owen St, Iluka is a 5 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 640m2. While the property is not currently for sale or for rent, it was last sold in October 2016.
Last Listing description (May 2024)
To enquire, please email or call 1300 815 051 and enter code 8370
Looking for a BIG house with 2 council approved units, ample space to accomodate extended family, visitors or tenants, and close to everything the idyllic coastal village of Iluka has to offer ?
This unique property within just 2 minutes walk to Iluka bay, cafes, shops, World Heritage rainforest walk, sports grounds and bowling club caters for all. Splendid beaches to enjoy, safe for swimming, surfing, fishing, only a short walk, drive or bike ride away make this a true asset in paradise.
The dwelling has been mainly rented out over recent years, with a fantastic 9% return, translating to $ 800 + per week in the current rental market - an investor's dream!
Or you might decide to live in one unit, renting out the second one for instant extra income - the possibilities are endless!
Currently owner occupied, with the residence upstairs, ground level unit 1 is used for a home business and guest accommodation.
The solid built house captures the pleasant sea breezes and has seen substantial improvements, eg. a 20 panels back-to-grid solar system considerably reducing energy costs, fresh paint, water filters, reverse-cycle air-con, dishwasher, and an open shed/outdoors entertainment area.
An established garden offers a private sanctuary in lush surrounds plus fresh fruit-vegetables-herbs and even home-grown gourmet mushrooms to dine on.
UNIT 1 ground level:
- Fully renovated, new carpets in bedrooms
- Air-conditioned
- 2 bedrooms, 1 bathroom
- Easy care tiled floors
- Single carport
UNIT 2 upstairs:
- 3 bedrooms plus study with BIR & ceiling fans
- Spacious air-conditioned living rooms
- Enclosed verandah / "sun room"
- Full bathroom with separate toilet
- Polished hardwood floors
- Tandem garage with internal stairway access and handy 2nd toilet
With its central location next to parkland & river, the generous amount of comfortable living space, and the prospect of excellent rental return, this property is certainly one of its kind - a safe & lucrative investment, to good to miss !
To enquire, please email or call 1300 815 051 and enter code 8370
Property History for 5 Owen St, Iluka, NSW 2466
- 29 Mar 2024Listed for Sale $ 989,000
- 07 Oct 2016Sold for $370,000
- 11 Aug 2016Listed for Sale New price $375,000
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About Iluka 2466
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 1,659 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:
- The median value for Houses in Iluka is $899,705 while the median value for Units is $490,896.
- Houses have a median rent of $480 while Units have a median rent of $430.
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