Property Details for 234 Ocean St, Narrabeen
234 Ocean St, Narrabeen is a 3 bedroom, 2 bathroom House with 3 parking spaces.
Last Listing description (May 2015)
Providing an amazing lakefront location that can never be built out are these 3 blocks to be sold in one line, or alternatively are being offered individually for the first time in over 60 years! Offering a total of 2,241sqm of absolute waterfront in one of the Northern Beaches most sought after locations, these 3 separately titled blocks offer vast amounts of potential and a steady rental return.
The blocks have 3 existing structures ready for you to move in or update and increase the current rental return. The first is a block of units with 6 studios, all tenanted and returning a yearly rental amount of $75,000. The second is a large, solid home with 4 bedrooms, 2 and a half bathrooms and a 3 car lock-up garage that is currently owner occupied with a modest estimated rental return of $1,200 per week. The third structure is a 2 bedroom cottage with a large boatshed underneath that has an estimated rental return of $700 per week.
Do not miss out on this impressive opportunity that you rarely see.
Property History for 234 Ocean St, Narrabeen, NSW 2101
- 09 Jul 2016Listed for Sale Not Disclosed
- 07 Nov 2015Listed for Sale FROM $2,650,000
- 17 Apr 2015Listed for Sale Expressions Of Interest
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0About Narrabeen 2101
The size of Narrabeen is approximately 4.6 square kilometres. It has 21 parks covering nearly 13.3% of total area. The population of Narrabeen in 2011 was 7,474 people. By 2016 the population was 8,214 showing a population growth of 9.9% in the area during that time. The predominant age group in Narrabeen is 30-39 years. Households in Narrabeen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narrabeen work in a professional occupation. In 2011, 50.2% of the homes in Narrabeen were owner-occupied compared with 52.2% in 2016.
Narrabeen has 4,339 properties. Over the last 5 years, Houses in Narrabeen have seen a 42.46% increase in median value, while Units have seen a 32.18% increase. As at 31 October 2024:
- The median value for Houses in Narrabeen is $2,969,552 while the median value for Units is $1,188,554.
- Houses have a median rent of $900 while Units have a median rent of $750.
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