OFF MARKET

8 Bluewater Drive
Narooma NSW 2546

Bedrooms: 11
Bathrooms: 8
Car spaces: 9
Land area: 1416m2
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Property Details for 8 Bluewater Dr, Narooma

8 Bluewater Dr, Narooma is a 11 bedroom, 8 bathroom House with 9 parking spaces. The property has a land size of 1416m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Land Size
1416m2
Local Government
Eurobodalla
Lot/Plan
5/19/DP758754

Last Listing description (February 2023)

The Golfers Lodge is in the middle of Narooma, overlooking the famous Narooma Golf Course with amazing ocean views. Sited on a large 1,416sq m block (zoned R2 Residential) is a 3-story accommodation building plus a separate, second level residence at the rear. All have been upgraded over the last few years - buildings rendered and painted, roof re-sealed and apartments updated in all the accommodation areas. Currently operated as an accommodation enterprise with a full walk-in walk out business and furnishings. Forward bookings, intellectual property and transfer of business name all included with the transition. Plus, there is the option to utilise a holiday business management company - currently in place.Property incorporates a 4 bedroom, 2 bathroom Penthouse apartment, occupying the entire top floor awesome views with excellent living spaces. Currently utilised as the owner/manager residence.5 x 1-bedroom apartments, 3 of them are found on the mid-section of the building. The office /storage / laundry are also located on the same level. Downstairs is another 2 x 1 bedrooms.Another 2-bedroom unit is found out the back (7th apartment) above a double auto lock up garage with workshop area / storage with an extra shower and toilet. A BBQ and entertaining area is provided in the backyard.Strong accommodation sales with the business running at approx. 85% capacity all year round. Yearly sales Min. Gross of $225k with lots of room for improvements available, as the Upstairs Penthouse is currently used by existing Owners and its estimated income for that 4 bedroom Unit to be between $60-$80K per year.Dual access from Bluewater Drive and Bay Lane offers flexibility with access. Carparking is available for all accommodation, including a double lock up garage, 3 carports and 4 open car spots.Full Business figures available with a signed confidentially agreement.

Property History for 8 Bluewater Dr, Narooma, NSW 2546

A timeline of how this property has performed in the market
Last Sold
$3,430,000
30 Sep 2022
  • 08 Dec 2022
    Listed for Sale Not Disclosed
  • 30 Sep 2022
    Sold for $3,430,000
  • 08 Dec 2021
    Listed for Sale $3,950,000
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About Narooma 2546

The size of Narooma is approximately 120 square kilometres. It has 11 parks covering nearly 69.2% of total area. The population of Narooma in 2011 was 2,416 people. By 2016 the population was 2,611 showing a population growth of 8.1% in the area during that time. The predominant age group in Narooma is 60-69 years. Households in Narooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Narooma work in a trades occupation. In 2011, 68.6% of the homes in Narooma were owner-occupied compared with 69.1% in 2016.

Narooma has 2,500 properties. Over the last 5 years, Houses in Narooma have seen a 75.64% increase in median value, while Units have seen a 90.37% increase. As at 30 November 2024:

  • The median value for Houses in Narooma is $784,954 while the median value for Units is $486,291.
  • Houses have a median rent of $505 while Units have a median rent of $420.
There are currently 43 properties listed for sale, and 6 properties listed for rent in Narooma on OnTheHouse. According to CoreLogic's data, 112 properties were sold in the past 12 months in Narooma.

Suburb Insights for Narooma 2546

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.