SOLD
Sold on 21 Aug 2024 for $375,000

3/18 The Summit Road
Port Macquarie NSW 2444

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 588m2
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Property Details for 3/18 The Summit Road, Port Macquarie

3/18 The Summit Road, Port Macquarie is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 588m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Port Macquarie in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
58m2
Land Size
588m2
Local Government
Port Macquarie-Hastings
Lot/Plan
3/SP41281

Last Listing description (August 2024)

Rates $2,500 pa | Strata $568.75 qtr
Rental Appraisal $340 - $350 per week

This fabulous 1-bedroom unit is a real little charmer, offering great value and a prime location, positioned in a premier street just 10-minutes stroll from the Lighthouse Beach and 500m to the local shops and cafes.

The interior features a spacious bedroom, a well-appointed kitchen and bathroom, and a light and bright open-plan living area that extends to a covered patio and fenced yard. Its a great spot to chill out enjoying the sea breeze, sunshine and sounds of the ocean.

The added convenience of a large carport and privacy of no shared walls make this property a standout choice for both investors and beach lovers.

With potential rental income of $340 - $350 pw and an unheard of price point for Lighthouse Beach, this is an incredible opportunity not to be overlooked.

+ Charming 1BR unit just 10 minutes walk to beach
+ Premier street 500m to local shops and cafes
+ Great value for size and location
+ Open plan living, covered patio, fenced yard
+ Light, bright and airy interior, spacious carport
+ Close to Tacking Point Public School
+ Astute investment, Airbnb, coastal living

Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Property History for 3/18 The Summit Road, Port Macquarie, NSW 2444

A timeline of how this property has performed in the market
Last Sold
$375,000
21 Aug 2024
Listed for Rent
$310/w
26 Feb 2021
  • 21 Aug 2024
    Sold for $375,000
  • 21 May 2024
    Listed for Sale Price Guide $1,250,000 - $1,300,000
  • 11 Feb 2021
    Listed for Rent $310 / week
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About Port Macquarie 2444

The size of Port Macquarie is approximately 54.2 square kilometres. It has 61 parks covering nearly 17.2% of total area. The population of Port Macquarie in 2011 was 41,491 people. By 2016 the population was 44,857 showing a population growth of 8.1% in the area during that time. The predominant age group in Port Macquarie is 60-69 years. Households in Port Macquarie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Macquarie work in a professional occupation. In 2011, 64.9% of the homes in Port Macquarie were owner-occupied compared with 64% in 2016.

Port Macquarie has 28,646 properties. Over the last 5 years, Houses in Port Macquarie have seen a 50.57% increase in median value, while Units have seen a 47.06% increase. As at 30 September 2024:

  • The median value for Houses in Port Macquarie is $878,292 while the median value for Units is $583,779.
  • Houses have a median rent of $620 while Units have a median rent of $476.
There are currently 147 properties listed for sale, and 103 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1136 properties were sold in the past 12 months in Port macquarie.

Suburb Insights for Port Macquarie 2444

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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.