1/5 Empire Bay Dr, Kincumber is a 3 bedroom, 1 bathroom Townhouse. The property has a floor size of 119m2.
This brick & tile torrens title townhouse is a fantastic opportunity for both astute investors and homeowners alike.
Set on 279sqm, the property has had an update recently including fresh paint, flooring, window coverings and air conditioning and comes with natural gas for cooking & hot water.
The lock up garage is being used as a rumpus/home office (which works great as there is off street parking for 2-3 cars anyway) but can easily be converted back to garaging if required.
Currently being used as a fully furnished holiday rental, the property is showing ROI far greater than traditional residential leasing.
NOTE: Furnishings are negotiable in this sale.
Located within 5 minutes of Avoca Beach and local schools, parks, shopping & restaurants all within an easy stroll, this represents a terrific all-rounder.
Contact Scott Phillips on 0419 290 030 to find out more or to arrange an inspection.
Council Rates: $1,066 per annum approx.
Water & Sewer: $579 per annum + usage
The size of Kincumber is approximately 10.3 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Kincumber in 2011 was 6,835 people. By 2016 the population was 7,098 showing a population growth of 3.8% in the area during that time. The predominant age group in Kincumber is 50-59 years. Households in Kincumber are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kincumber work in a professional occupation. In 2011, 68.5% of the homes in Kincumber were owner-occupied compared with 68.4% in 2016.
Kincumber has 4,387 properties. Over the last 5 years, Houses in Kincumber have seen a 67.23% increase in median value, while Units have seen a 8.86% increase. As at 31 October 2024:
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