78 Spenser StreetIluka NSW 2466
Property Details for 78 Spenser St, Iluka
78 Spenser St, Iluka is a 4 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 1018m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Iluka in the last 12 months.
Last Listing description (July 2024)
Nestled in the highly sought after original part of Iluka, 78 Spenser Street presents a unique blend of comfort, convenience, and potential, making it a highly desirable property for both homeowners and investors. This meticulously maintained home, ready for immediate occupancy or leasing, offers a versatile living arrangement and development opportunities on a substantial 1018sqm corner block.
Key Features:
Dual Living Potential: The upper level boasts a bright and airy layout, featuring three bedrooms, a single bathroom, a welcoming loungeroom, and a well-appointed kitchen. The lower level offers independence and privacy, complete with one bedroom, one bathroom, a kitchenette, and a loungeroom, perfect for extended family, guests, or as a separate potential rental opportunity.
Expansive Corner Block: The generous 1018sqm corner block, with access from Spenser Street, Denne Street, and Charles Lane, provides ample space for outdoor activities, gardening, or future expansion. The R2 Low Density Residential zoning opens the door to potential development opportunities, subject to council approvals.
Prime Location: Situated opposite the bowling club and within walking distance to the river, beach, and the soon-to-be-completed Sedgers Reef Hotel, this property promises a lifestyle of leisure and convenience. Whether it's a morning walk on the beach, an afternoon of bowling, or a dinner at the chic Sedgers Reef Hotel, entertainment and relaxation are just moments away.
Investment Opportunity: With its potential dual living setup, this property offers an attractive proposition for investors seeking a dual income stream. The ready-to-move-in condition minimizes downtime, while the development potential adds a long-term value proposition.
78 Spenser Street, Iluka, is a rare find that combines lifestyle, location, and potential in one attractive package. Whether you're looking to create your dream home, seeking a smart investment with dual income possibilities, or exploring development opportunities, this property ticks all the boxes. Don't miss the chance to make it yours.
Property History for 78 Spenser St, Iluka, NSW 2466
- 01 Jul 2024Sold for $1,100,000
- 23 Feb 2024Listed for Sale $1,200,000
- 21 Sep 2014Listed for Rent - Price not available
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0About 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 1,660 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:
- 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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