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Sold on 07 Feb 2024 for $660,500

70 Hastings River Drive
Port Macquarie NSW 2444

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 727m2
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Property Details for 70 Hastings River Dr, Port Macquarie

70 Hastings River Dr, Port Macquarie is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 727m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Port Macquarie in the last 12 months.

Building Type
House
Land Size
727m2
Local Government
Port Macquarie-Hastings
Lot/Plan
9/DP216093

Last Listing description (February 2024)

This cosy 3-bedroom cottage, nestled on a generous 727 square metre block of land, is now available for sale. With a long-term tenant in place until October 2024, you not only secure a delightful cottage with plenty of potential but also an instant income stream whilst you plan your renovations or have plans approved through the council.

The property's expansive 727 square metre block opens the door to a world of potential. Whether you're looking to develop, expand, or simply enjoy the cottage's unique charm, this is your canvas to create the dream property you've always desired.

The proximity to the CBD and stunning Port Macquarie beaches, along with the Settlers Inn Hotel just across the road, ensures that your potential development will be in high demand.

Don't miss this golden opportunity to combine the best of both worlds - immediate rental income with long-term development potential. Contact us today to discuss your vision and explore the possibilities that await you with this remarkable property.

- Long-term tenant in place until October 2024.
- Expansive 727 sqm block, offering endless potential.
- Only a 5-minute drive to the CBD.
- Just 10 minutes to the pristine Port Macquarie beaches.
- Conveniently located just across the road from the family favorite, Settlers Inn Hotel.

Property Details:
Council Rates: $2,800 pa approx
Land Size: 727sqm
Currently achieving $450 per week rent

DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.

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Property History for 70 Hastings River Dr, Port Macquarie, NSW 2444

A timeline of how this property has performed in the market
Last Sold
$660,500
07 Feb 2024
Listed for Rent
$320/w
28 Jan 2011
  • 07 Feb 2024
    Sold for $660,500
  • 01 Nov 2023
    Listed for Sale Price Guide $650,000 - $685,000
  • 15 Jun 2011
    Sold for $267,000
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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 28,654 properties. Over the last 5 years, Houses in Port Macquarie have seen a 52.38% increase in median value, while Units have seen a 47.25% increase. As at 31 October 2024:

  • The median value for Houses in Port Macquarie is $884,055 while the median value for Units is $571,783.
  • Houses have a median rent of $620 while Units have a median rent of $480.
There are currently 145 properties listed for sale, and 100 properties listed for rent in Port macquarie on OnTheHouse. According to CoreLogic's data, 1147 properties were sold in the past 12 months in Port macquarie.

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Daniel Slater
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Elders Real Estate Port Macquarie
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