5 Page StreetOld Erowal Bay NSW 2540
Property Details for 5 Page St, Old Erowal Bay
5 Page St, Old Erowal Bay is a 3 bedroom, 1 bathroom House. The property has a land size of 689m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Last Listing description (September 2024)
Welcome to 5 Page Street, Old Erowal Bay ? also known as "Ikigai". This unique corner block offers a beautifully restored classic 1970s home, perfect for those looking for a peaceful lifestyle or a smart investment opportunity. Located on a quiet, leafy street surrounded by native bushland, the property benefits from a sunny aspect that captures the morning light and provides a harmonious blend of sun and shade throughout the day.
The home itself has been lovingly restored, retaining its original charm while incorporating modern updates for comfortable living. Renovations include new external cladding, updated windows and glass sliding doors, a new deck, a freshly designed bathroom and kitchen, and an inviting dining/sunroom. Additional features include a new air conditioning system, a cosy fireplace, and freshly repainted interiors. The original timber flooring has also been restored, adding warmth and character to the home. The property is prepared for future solar installation, making it a great long-term option.
This property has proven success as a holiday rental, making it ideal for those looking to continue the current Airbnb business. Fully equipped and ready to welcome guests, it offers an immediate opportunity for income generation or the option to enjoy as a private residence.
At the rear of the block is a timber and fibro-clad shed, offering exciting potential as a granny flat, subject to council approval. The space already includes two glass sliding doors and a window in the proposed bedroom area. For added convenience, a separate driveway can also be added from Roberts Street, enhancing its accessibility and appeal.
With its blend of charm, potential, and prime location, 5 Page Street is a rare find in Old Erowal Bay. Whether you're seeking a serene home or a profitable investment, this property offers a unique opportunity not to be missed.
For more details and images, visit the property's Instagram page: stay_ikigai.
Property History for 5 Page St, Old Erowal Bay, NSW 2540
- 03 Jun 2024Listed for Sale Not Disclosed
- 18 Aug 2023Listed for Sale PRICE GUIDE $850,000
- 14 Mar 2023Listed for Sale Sold
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About Old Erowal Bay 2540
The size of Old Erowal Bay is approximately 0.8 square kilometres. It has 2 parks covering nearly 2.9% of total area. The population of Old Erowal Bay in 2011 was 950 people. By 2016 the population was 1,047 showing a population growth of 10.2% in the area during that time. The predominant age group in Old Erowal Bay is 50-59 years. Households in Old Erowal Bay are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Old Erowal Bay work in a professional occupation. In 2011, 72.2% of the homes in Old Erowal Bay were owner-occupied compared with 68.5% in 2016.
Old Erowal Bay has 547 properties. Over the last 5 years, Houses in Old Erowal Bay have seen a 55.01% increase in median value. As at 30 September 2024:
- The median value for Houses in Old Erowal Bay is $643,574 while the median value for Units is $1,036,800.
- Houses have a median rent of $485.
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