7 Machan St, Machans Beach is a 5 bedroom, 4 bathroom House with 2 parking spaces and was built in 1988. The property has a land size of 539m2. While the property is not currently for sale or for rent, it was last sold in October 2006.
A MULTI-FACETED OPPORTUNITY FOR ASTUTE NEW OWNERS.
Water views from the upper deck, adjacent to the well-established local restaurant O'Sheas and ONLY ten minutes from the CBD, this unique property is looking for an astute new owner to capitalise on the myriad of opportunities.
Originally built by local identity, Tom Machan in the 50's; this generously proportioned highset home still retains much of the style for which that era was renowned. Beautiful feature cornice & ceiling rose's, tongue & groove panelling with dado rails and wide board hardwood flooring, this residence has a truly wonderful character & lends itself to further renovation and enhancement.
The size of Machans Beach is approximately 4 square kilometres. It has 3 parks covering nearly 3.4% of total area. The population of Machans Beach in 2011 was 941 people. By 2016 the population was 1,061 showing a population growth of 12.8% in the area during that time. The predominant age group in Machans Beach is 50-59 years. Households in Machans Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Machans Beach work in a professional occupation. In 2011, 62.9% of the homes in Machans Beach were owner-occupied compared with 68.1% in 2016.
Machans Beach has 512 properties. Over the last 5 years, Houses in Machans Beach have seen a 36.86% increase in median value, while Units have seen a 95.11% increase. As at 31 August 2024:
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