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Sold on 05 Dec 2024 for $470,000

4/692-696 Beach Road
Surf Beach NSW 2536

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 2901m2
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Property Details for 4/692-696 Beach Rd, Surf Beach

4/692-696 Beach Rd, Surf Beach is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1985. The property has a land size of 2901m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Townhouse sold in Surf Beach in the last 12 months.

Building Type
Townhouse
Year Built
1985
Floor Size
78m2
Land Size
2901m2
Local Government
Eurobodalla
Lot/Plan
4/SP22527

Last Listing description (December 2024)

This single-level unit sounds like a fantastic investment opportunity! Having a reliable long-term tenant already in place certainly simplifies things for the new owner, providing a steady stream of income without the hassle of finding and managing tenants.

The unit's proximity to Wimbie Beach and Surf Beach makes it attractive to renters seeking a coastal lifestyle, while its practical layout and low-maintenance yard cater to a variety of tenants, from downsizers to small families or first-time buyers.

With essential amenities within walking distance and Batemans Bay's CBD just a short drive away, the location offers both convenience and potential for future growth in value. Plus, the added bonus of a lockup storage in the carport adds to the unit's appeal.

Overall, this seems like a straightforward investment opportunity with plenty of potential for a solid return and future appreciation in value.

Particulars:

Council rates: $2,589.16 p.a.
Strata Fees: $1,044 p.q.
Constructed: 1985

Features:
- Open plan kitchen & lounge
- Updated carpets & Electric upright stove and cooktop
- Dishwasher
- Built in robes in main bedroom
- Internal laundry
- Fully fenced rear courtyard
- Split system air conditioner
- Single covered carport with lock up storage
- Electric hot water
- Linen cupboard
- short distance to Surf Beach, Wimbie Beach, and local shopping centre - Sunshine Bay Public School 2.3km

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Property History for 4/692-696 Beach Rd, Surf Beach, NSW 2536

A timeline of how this property has performed in the market
Last Sold
$470,000
05 Dec 2024
Listed for Rent
$450/w
23 Oct 2023
  • 05 Dec 2024
    Sold for $470,000
  • 29 May 2024
    Listed for Sale $499,000
  • 16 Sep 2023
    Listed for Rent - Price not available
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About Surf Beach 2536

The size of Surf Beach is approximately 4.4 square kilometres. It has 7 parks covering nearly 5.9% of total area. The population of Surf Beach in 2011 was 2,042 people. By 2016 the population was 1,881 showing a population decline of 7.9% in the area during that time. The predominant age group in Surf Beach is 60-69 years. Households in Surf Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surf Beach work in a professional occupation. In 2011, 65.9% of the homes in Surf Beach were owner-occupied compared with 65.4% in 2016.

Surf Beach has 1,466 properties. Over the last 5 years, Houses in Surf Beach have seen a 68.07% increase in median value, while Units have seen a 56.53% increase. As at 30 November 2024:

  • The median value for Houses in Surf Beach is $770,264 while the median value for Units is $479,516.
  • Houses have a median rent of $550 while Units have a median rent of $435.
There are currently 17 properties listed for sale, and 4 properties listed for rent in Surf beach on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in Surf beach.

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