238 Ocean Beach RoadUmina Beach NSW 2257
Property Details for 238 Ocean Beach Rd, Umina Beach
238 Ocean Beach Rd, Umina Beach is a 0 bedroom, 0 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 582m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (February 2022)
Located centrally to all three major districts on the Peninsula, being Umina Beach, Ettalong Beach and Woy Woy, sees this exceptional top-end investment opportunity that is rarely seen to the market place.
Currently there are three separate rental returns in place, which are returning a very healthy combined weekly rental income of $1,135 per week.
Positioned on a corner block, the separate rental yields are from the following...
* 3 x BEDROOM HOUSE: Returns - $450:00 per week & includes water, however electricity is billed to tenant separately to tenant.
-
Built-ins, reverse cycle air-conditioning, spacious living zone, and Is in Lease to JULY 2021.
* 1 x BEDROOM SELF-CONTAINED SLEEP-OUT: Returns $300:00 per week & includes water, however electricity is billed separately to tenant.
- Reverse cycle air- conditioning, and is In Lease to JANUARY 2021.
- Easy managed grassed yard.
- In Lease until JAN 2021.
* 2 x BEDROOM COUNCIL APPROVED GRANNY FLAT: Returns $385:00 per week.
Water usage and electricity BOTH billed separately to tenant.
- Additional car space/entertaining area.
- Automatic entry gate.
- Reverse cycle air-conditioning and is on a rolling Lease.
- In Lease to DECEMBER 2021.
Meaning there are separate "electricity & water meters in place",(House & Sleep-out are on the SAME water metre ONLY) The Council approved Granny Flat has its own water meter and separate electricity meter, and in addition has a Gas cooktop.
Making this a superb triple income high end investment, where all the hard work has already been completed to set up.
Or a reside in the house, with in-laws/teenagers in separate accommodation on the property, whilst still allowing for one or two of the dwellings to be rented separately?
Or save one as a holiday home, and rent the others, the choice is yours!
* Approx.
3 mins by car to Umina Beach CBD & Shopping Hub.(COLES + Cafes)
* Approx.
4 mins by car to Beaches.
* Approx.
5 minutes by car to Woy Woy Railway station.
* Approx.
5 mins by car to Ettalong Beach Ferry Terminal.
* Bus service/stop to all districts, including Woy Woy Railway Station is only very short walk away.
* Approx. 12 minutes by car to M1 Kariong Interchange to Sydney and Newcastle.
Rental returns:
* House
@
$450:00 per week.
* Sleep-out
@
300:00 per week.
* Granny flat
@
385:00 per week.
Total returns @
$1:135:00 per week.
Out-goings
* Council rates: Approx. $456:00 per quarter.
* Sewer/water:
Approx. $276:00 per quarter.
PLEASE NOTE: If you are planning to attend the Open Home on Saturday 19th December and from the Northern Beaches Hotspot District, access will not be granted to protect our homeowners, staff, tenants and other attendees. Thank you for your cooperation.
Property History for 238 Ocean Beach Rd, Umina Beach, NSW 2257
- 29 Apr 2021Listed for Rent $450 / week
- 01 Feb 2021Sold for $976,000
- 28 Sep 2020Listed for Sale $980,000 - $1,020,000
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About Umina Beach 2257
The size of Umina Beach is approximately 7 square kilometres. It has 20 parks covering nearly 14.3% of total area. The population of Umina Beach in 2011 was 16,059 people. By 2016 the population was 16,737 showing a population growth of 4.2% in the area during that time. The predominant age group in Umina Beach is 40-49 years. Households in Umina Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Umina Beach work in a professional occupation. In 2011, 66.4% of the homes in Umina Beach were owner-occupied compared with 65.4% in 2016.
Umina Beach has 8,625 properties. Over the last 5 years, Houses in Umina Beach have seen a 68.75% increase in median value, while Units have seen a 56.94% increase. As at 31 October 2024:
- The median value for Houses in Umina Beach is $1,092,302 while the median value for Units is $862,732.
- Houses have a median rent of $550 while Units have a median rent of $525.
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