15 Military RoadWatsons Bay NSW 2030
Property Details for 15 Military Rd, Watsons Bay
15 Military Rd, Watsons Bay is a 5 bedroom, 4 bathroom Unit and was built in 1910. The property has a land size of 728m2.
Last Listing description (November 2016)
The former Vaucluse Town Hall (c1910), this grand Federation dame is now a striking historic landmark in the prestigious heart of Watsons Bay?s harbour side village ? a much-loved destination for locals and visitors alike.
Open to versatile array of blue chip investment/redevelopment opportunities, it features mixed-use zoning, with the current DA approval for 7 apartments, 5 of these being split level with dormer windows & harbour views.
Potential to add extremely substantial value exists, with four additional, partially constructed split level apartments awaiting completion. Profit whilst shaping the next chapter of this historic building?s life.
* Huge block of approx. 727sqm
* Approved DA for 7 apartments
* Existing 1 gallery-style apartment
* Existing 3 bed penthouse w views
* Existing retail with great exposure
* Existing parking for 7+ cars
* 350m from ferries to the city
Auction Venue: Club Rose Bay
Cnr Vickery Avenue & NSH Road
Parking behind Lyne Park Tennis
Property History for 15 Military Rd, Watsons Bay, NSW 2030
- 16 Jun 2016Listed for Sale For Sale
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About Watsons Bay 2030
The size of Watsons Bay is approximately 0.6 square kilometres. It has 9 parks covering nearly 60.4% of total area. The population of Watsons Bay in 2011 was 918 people. By 2016 the population was 851 showing a population decline of 7.3% in the area during that time. The predominant age group in Watsons Bay is 20-29 years. Households in Watsons Bay are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Watsons Bay work in a managers occupation. In 2011, 63.3% of the homes in Watsons Bay were owner-occupied compared with 61.9% in 2016.
Watsons Bay has 430 properties. Over the last 5 years, Houses in Watsons Bay have seen a 44.11% increase in median value, while Units have seen a -18.37% decrease. As at 31 August 2024:
- The median value for Houses in Watsons Bay is $6,688,412 while the median value for Units is $1,509,995.
- Houses have a median rent of $2,200 while Units have a median rent of $913.
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