SOLD
Sold on 23 May 2024 for $1,150,000

1/42 Ocean Parade
The Entrance NSW 2261

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 545m2
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Property Details for 1/42 Ocean Pde, The Entrance

1/42 Ocean Pde, The Entrance is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 545m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in The Entrance in the last 12 months.

Building Type
Unit
Year Built
1977
Floor Size
80m2
Land Size
545m2
Local Government
Central Coast
Lot/Plan
1/SP6571

Last Listing description (January 2023)

A truly unique property, this three (or even four) bedroom apartment encompasses the whole lower floor of the building in a strata complex of just two units, a realistic alternative for buying a home in this area and at a much lower entry price point!

Held by one family since 1980, the property has had limited holiday use and presents in immaculate original condition. Constructed of double brick, this circa late 1930s/1940s property features high ceilings, extra wide cornices, polished timber floors and almost irreplaceable original light fittings. Originally one whole home, a strata subdivision was done in 1979.

Extra large bedrooms are served by a very generous bathroom and if required, there would be ample opportunity to accommodate a separate ensuite. A second living room is a rarity, an excellent office space, fourth bedroom or perhaps theatre room. Common areas downstairs provide a laundry, storage areas for surf/ fishing gear, a dedicated shower room and a separate toilet for those trips back from the beach. A full length garage with ample storage space is accessed across the common area lawns. Total unit area is 170.9 sq metres. Just 100 metres to the glistening waters of The Entrance Channel mouth and stairway access to beach. Plenty of options to improve or modify the existing property to your requirements or a good landbanking opportunity Future re-development potential (STCA) being zoned R3, suitable for multi level apartments.

A distinctive property without equal, this property could be described as matchless, incomparable and certainly one of a kind! For sale now by negotiation, interested parties are encouraged to inspect and submit offers.

For a complete information pack, please email ed@berryrealty.com.au

Inspections arranged by appointment, please call or text Ed, 0419 997 560.

(E&OE) Please note that all information herein is gathered from sources we, Berry Realty believe to be reliable. Computer images, photos, plans, drawings, maps etc are indicative only. Berry Realty cannot guarantee its accuracy and any interested person/s should rely on their own enquiries.

Property Code: 383

Property History for 1/42 Ocean Pde, The Entrance, NSW 2261

A timeline of how this property has performed in the market
Last Sold
$1,150,000
23 May 2024
  • 23 May 2024
    Sold for $1,150,000
  • 11 Mar 2022
    Listed for Sale Not Disclosed
  • 06 Jan 2020
    Sold

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About The Entrance 2261

The size of The Entrance is approximately 1.6 square kilometres. It has 5 parks covering nearly 15.8% of total area. The population of The Entrance in 2011 was 3,872 people. By 2016 the population was 4,020 showing a population growth of 3.8% in the area during that time. The predominant age group in The Entrance is 60-69 years. Households in The Entrance are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in The Entrance work in a professional occupation. In 2011, 32.8% of the homes in The Entrance were owner-occupied compared with 36.5% in 2016.

The Entrance has 4,346 properties. Over the last 5 years, Houses in The Entrance have seen a 72.00% increase in median value, while Units have seen a 45.95% increase. As at 31 July 2024:

  • The median value for Houses in The Entrance is $1,137,693 while the median value for Units is $663,977.
  • Houses have a median rent of $550 while Units have a median rent of $495.
There are currently 51 properties listed for sale, and 29 properties listed for rent in The entrance on OnTheHouse. According to CoreLogic's data, 192 properties were sold in the past 12 months in The entrance.

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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.