4 Bambara AvenueSummerland Point NSW 2259
Property Details for 4 Bambara Ave, Summerland Point
4 Bambara Ave, Summerland Point is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 689m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom House sold in Summerland Point in the last 12 months.
Last Listing description (May 2024)
Nestled just moments away from Sandy Beach on the shore of the beautiful Lake Macquarie, sits this great opportunity for a holiday home, first home, duplex site or an investor looking for amazing return potential close to water.
With the ultimate blend of comfort, convenience, and investment potential, on this property sits two separate one-bedroom dwellings side by side, each with one bedroom, living area, modern bathroom and kitchens, all of generous sizing. Featuring air conditioning, plantation shutters, ceiling fans and hardwood flooring. For added convenience, there is an additional toilet and laundry facility located at the rear of the property.
Landscaping and greenery provide privacy for those seeking a relaxing oasis to come home to. While the land size of 689m2 (approx.) and 23.7m frontage offers the savvy investor / builder the ability to rent out the property as is or look to build a grand new design with the potential for duplexes given the size and frontage.
The main house is currently owner-occupied, while the other dwelling serves as a successful Airbnb rental, boasting rave reviews and returning customers with an impressive average nightly income of $120-$130 per night and the potential to increase due to demand.
Don't miss your chance to secure this lake-side gem! Contact us today to arrange a viewing and start living the lifestyle you've always dreamed of
Disclaimer:
Every precaution has been taken to establish the accuracy of the above information, which we have gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and it does not constitute any representation by the vendor or agent.
Property History for 4 Bambara Ave, Summerland Point, NSW 2259
- 14 May 2024Sold for $667,000
- 08 May 2024Listed for Sale SOLD!
- 14 Nov 2016Sold for $397,000
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0About Summerland Point 2259
The size of Summerland Point is approximately 3.2 square kilometres. It has 8 parks covering nearly 11.7% of total area. The population of Summerland Point in 2011 was 2,358 people. By 2016 the population was 2,485 showing a population growth of 5.4% in the area during that time. The predominant age group in Summerland Point is 60-69 years. Households in Summerland Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Summerland Point work in a trades occupation. In 2011, 74.5% of the homes in Summerland Point were owner-occupied compared with 75.7% in 2016.
Summerland Point has 1,324 properties. Over the last 5 years, Houses in Summerland Point have seen a 61.03% increase in median value, while Units have seen a 46.08% increase. As at 31 October 2024:
- The median value for Houses in Summerland Point is $781,536 while the median value for Units is $528,688.
- Houses have a median rent of $640.
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