OFF MARKET

75 Marine Drive
Tea Gardens NSW 2324

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 108m2
Land area: 767m2
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Property Details for 75 Marine Dr, Tea Gardens

75 Marine Dr, Tea Gardens is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 767m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in November 2016.

Building Type
House
Floor Size
108m2
Land Size
767m2
Local Government
Mid-Coast
Lot/Plan
1/DP799474

Last Listing description (February 2017)

Magnificent opportunity for owner occupiers, developers and investors.
Tea Gardens is an established coastal and residential locality, with a special reputation as a haven for simple lifestyle in spectacular surroundings. Located opposite the Myall River Foreshore, this property offers the new owners opportunity to invest or redevelop.
Terrific riverside home 800 square metres with 3(a) Commercial/Residential Zoning.

Unusual development opportunity with a northly aspect.
Tourism is rapidly becoming the growth industry throughout Port Stephens which is now recognized as the most popular destination within NSW. The Tea Gardens waterfront receives 90% of all visitors to the north shore of Port Stephens. Besides cars and buses (being only 7 kms off the Pacific Highway) regular ferry services carry up to 400 passengers a day from Nelson Bay to Tea Gardens and return.
Commercial space is in continued demand on Marine Drive, Tea Gardens. An example of demand is shown in a three shop development at 83 Marine Drive - 7 applications were received. Rents range from $275 to $345 per sqm per year. All shops have now been leased.
75 marine Drive is some 200 metres from 83 Marine Drive and would attract the same interest from both commercial and residential occupiers. The site is 20.12 metres wide and up to 40 metres deep with a total area of approximately 800 sqm. Great Lakes Council zoning is Commercial 3(a). LEP 1996 identifies a mixture of commercial and residential usages in a maximum of three storeys. No setbacks are required and car parking can be underground. Sewerage is located at the rear of the property.
Currently a three bedroom cottage is located on the property, plus garage and detached studio. With unprecedented Myall River views facing north east the site is considered to be one of the most important commercial / residential positions on the Myall River.
'We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations '

Property History for 75 Marine Dr, Tea Gardens, NSW 2324

A timeline of how this property has performed in the market
Last Sold
$830,000
03 Nov 2016
  • 22 Jan 2024
    Sold
  • 03 Nov 2016
    Sold for $830,000
  • 03 Apr 2013
    Listed for Sale $850,000

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About Tea Gardens 2324

The size of Tea Gardens is approximately 84.3 square kilometres. It has 12 parks covering nearly 10.1% of total area. The population of Tea Gardens in 2011 was 2,434 people. By 2016 the population was 2,888 showing a population growth of 18.7% in the area during that time. The predominant age group in Tea Gardens is 70-79 years. Households in Tea Gardens are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tea Gardens work in a trades occupation. In 2011, 69.1% of the homes in Tea Gardens were owner-occupied compared with 71.5% in 2016.

Tea Gardens has 1,963 properties. Over the last 5 years, Houses in Tea Gardens have seen a 44.98% increase in median value, while Units have seen a 65.91% increase. As at 30 November 2024:

  • The median value for Houses in Tea Gardens is $816,632 while the median value for Units is $682,967.
  • Houses have a median rent of $580 while Units have a median rent of $478.
There are currently 35 properties listed for sale, and 6 properties listed for rent in Tea gardens on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Tea gardens.

Suburb Insights for Tea Gardens 2324

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Disclaimer
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.