SOLD
Sold on 09 Aug 2024 for $1,133,000

74 Rajah Road
Ocean Shores NSW 2483

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 737m2
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Property Details for 74 Rajah Rd, Ocean Shores

Building Type
Land
Land Size
737m2
Local Government
Byron
Lot/Plan
22/DP1272097

Last Listing description (October 2022)

The Ocean Shores property market has been a star performer in the past 10 years. Buyers are recognising the relative value of this location being so close to blue-chip markets like Brunswick Heads and Byron Bay. The type of resident has changed and so has the need for retail and services in the very tightly held commercial precinct. That is why this block is a sleeping giant. This is the only vacant and available B2 Local Centre zoned land available in a residential area screaming out for more lettable commercial space and diversity.

The existing development adjacent includes a large Coles supermarket and is bursting at the seams so the capacity for further commercial space in this location is ready-made. Ideal for shop-top housing with spaces combining living and working together. The lot borders onto a riverside reserve so any residential component will enjoy beautiful bushy outlooks over native habitat teaming with birdlife.

Concept plans and preliminary compliance assessment has been carried out and are available on request.

This is an exceptionally rare opportunity in a growing market with a rapidly changing population. The commercial precinct services a very large residential area with over 8,000 people in the direct catchment. Don't miss this chance.

Property Code: 1151

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Property History for 74 Rajah Rd, Ocean Shores, NSW 2483

A timeline of how this property has performed in the market
Last Sold
$1,133,000
09 Aug 2024
  • 09 Aug 2024
    Sold for $1,133,000
  • 08 Jul 2022
    Listed for Sale Not Disclosed
  • 01 Jul 2021
    Sold for $650,000
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About Ocean Shores 2483

The size of Ocean Shores is approximately 13.2 square kilometres. It has 14 parks covering nearly 55% of total area. The population of Ocean Shores in 2011 was 4,869 people. By 2016 the population was 5,143 showing a population growth of 5.6% in the area during that time. The predominant age group in Ocean Shores is 50-59 years. Households in Ocean Shores are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Shores work in a professional occupation. In 2011, 69% of the homes in Ocean Shores were owner-occupied compared with 70.1% in 2016.

Ocean Shores has 2,859 properties. Over the last 5 years, Houses in Ocean Shores have seen a 57.42% increase in median value, while Units have seen a 38.52% increase. As at 30 November 2024:

  • The median value for Houses in Ocean Shores is $1,246,922 while the median value for Units is $799,279.
  • Houses have a median rent of $875 while Units have a median rent of $550.
There are currently 39 properties listed for sale, and 4 properties listed for rent in Ocean shores on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Ocean shores.

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