OFF MARKET

2/40-42 Toowoon Bay Road
Long Jetty NSW 2261

Bedrooms: 3
Bathrooms: 4
Car spaces: 2
Floor area: 174m2
Land area: 3634m2
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Property Details for 2/40-42 Toowoon Bay Rd, Long Jetty

2/40-42 Toowoon Bay Rd, Long Jetty is a 3 bedroom, 4 bathroom Unit with 2 parking spaces and was built in 2006. The property has a land size of 3634m2 and floor size of 174m2. While the property is not currently for sale or for rent, it was last sold in September 2016.

Building Type
Unit
Year Built
2006
Floor Size
174m2
Land Size
3634m2
Local Government
Central Coast
Lot/Plan
2/SP76985

Last Listing description (November 2016)

If you are looking for that opportune investment, and are prepared to maybe take a risk, then this could be the bargain buy you have been searching for.
THE POSTIVES: This huge townhouse is situated in a multi unit complex, ideally located within an easy walk to beaches, cafes and trendy shops. Features include high ceilings, a combination of gloss floor tiles and timber floors, open plan living, spacious entertaining courtyard, two secure undercover parking spaces, storage locker, plus access to communal pool facilities. Currently rented for $390pw.
THE NEGATIVES: The unit complex is approximately ten years old and has been affected by building issues over the years, to the extent that the Body Corporate is currently seeking legal avenues to rectify the problems. An estimate of these costs has been tabled at several million dollars, and is now pending a court case hearing in the very near future.

THE CONCLUSION: The property is being marketed for sale well below its estimated current market value if not for the pending repair issues. Minutes of recent strata meetings and the full report outlining defects can be emailed to interested buyers. The reality is that potential buyers may have to outlay money for repair costs, however at the low price at which you can purchase it, the risk may turn out to be negligible.
Council rates $350 per quarter, strata levies $1,800 per quarter.

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Property History for 2/40-42 Toowoon Bay Rd, Long Jetty, NSW 2261

A timeline of how this property has performed in the market
Last Sold
$320,000
12 Sep 2016
Listed for Rent
$390/w
25 Nov 2015
  • 12 Sep 2016
    Sold for $320,000
  • 17 Nov 2015
    Listed for Rent $390 / week
  • 29 Jul 2015
    Listed for Rent $370 / week
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About Long Jetty 2261

The size of Long Jetty is approximately 2.5 square kilometres. It has 9 parks covering nearly 9.8% of total area. The population of Long Jetty in 2011 was 5,796 people. By 2016 the population was 6,398 showing a population growth of 10.4% in the area during that time. The predominant age group in Long Jetty is 50-59 years. Households in Long Jetty are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Long Jetty work in a trades occupation. In 2011, 50.1% of the homes in Long Jetty were owner-occupied compared with 54% in 2016.

Long Jetty has 4,014 properties. Over the last 5 years, Houses in Long Jetty have seen a 79.80% increase in median value, while Units have seen a 52.25% increase. As at 30 September 2024:

  • The median value for Houses in Long Jetty is $1,209,833 while the median value for Units is $708,887.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 37 properties listed for sale, and 12 properties listed for rent in Long jetty on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Long jetty.

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