15 Easther Cres, Coconut Grove is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1973. The property has a land size of 772m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 6 bedroom House sold in Coconut Grove in the last 12 months.
Investors take note of this savvy investment choice offering not one but two properties on the same title, you can rent out and enjoy the income OR title both and make some quick cash on a flip. Lets explore...
Both properties offer a 3-bedroom design with a similar layout and a communal green space joins them at the front. Fenced in and gated, this communal space is ideal for the small pets or laundry to be hung out. There is a secondary side yard with a towering shade tree that is underutilized and can be landscaped to suit.
Each property has an open plan living and dining area with tiled flooring throughout and large windows to let in the natural light and gentle breezes. Each has a kitchen with wrap around counters with hard wearing counters and a server window through to the dining rooms adjacent.
The bedrooms are all well sized and include a built-in robe, tiled flooring as well as large windows to frame the garden views. Both bathrooms include storage and a shower as well with an internal laundry room that has a door through to the side of the home.
Unit 1 has a side courtyard with a garden shed and gated access to the front of the property whilst Unit 2 has a rear courtyard with grassy yard space and small verandah and outdoor entertaining area.
Each property is currently rented with options to strata title the complex and add additional value with some upgrades if you so choose.
The Nightcliff foreshore, swimming pool and caf are only moments away, as are the colour and smells of the Nightcliff Markets on the weekends to explore for local wares and produce. Only 10 minutes from the City and Casuarina in either direction the location is key.
Area under title: 786 sqm
Zoned: LMR (Low-Medium Density Residential)
Rates: $850 per QTR (approx.)
The size of Coconut Grove is approximately 1.7 square kilometres. It has 8 parks covering nearly 22.6% of total area. The population of Coconut Grove in 2011 was 2,849 people. By 2016 the population was 3,064 showing a population growth of 7.5% in the area during that time. The predominant age group in Coconut Grove is 30-39 years. Households in Coconut Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coconut Grove work in a professional occupation. In 2011, 37.4% of the homes in Coconut Grove were owner-occupied compared with 37.4% in 2016.
Coconut Grove has 1,871 properties. Over the last 5 years, Houses in Coconut Grove have seen a 24.06% increase in median value, while Units have seen a 14.07% increase. As at 31 July 2024:
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