16 Yarrong Rd, Point Lookout is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 569m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in August 2013.
Vendor Wants This Sold! Redevelop or Renovate
Prices at Point Lookout have fallen to levels which we last saw almost 10 years ago! It will be many years before the release (if at all) of additional residential land on this side of North Stradbroke Island so properties such as this with good development potential and which can be acquired at attractive prices and within walking distance to all that Point Lookout offers to the holiday maker should always be in demand! Occupied by a Point Lookout icon for many years, this split level home has tremendous possibilities! Situated in popular Yarrong Road and therefore close to everything, it has potential for achieving some ocean views whilst enjoying a quiet bush aspect over the rear of the 569sqm block. The property's main features are:* A two level block & timber home on a 569sqm block of land;* The top level has a sizeable rear deck off the living area and is extremely private;* Two bedrooms, bathroom and living rooms on the top entry level;* Lower level has laundry, storage and third bedroom/kid's play area/garage;* Could be redeveloped or renovated to permanent or holiday rental standard;* Only a short walk to the Straddie Hotel, Cylinder & Home Beaches and local shops;* Cross island transport just down the road.This is an excellent opportunity to acquire a property to develop into a great holiday or permanent home yet at a fantastic entry price.Vendor is looking to sell! Price now $595,000
The size of Point Lookout is approximately 4.4 square kilometres. It has 6 parks covering nearly 35.2% of total area. The population of Point Lookout in 2011 was 678 people. By 2016 the population was 709 showing a population growth of 4.6% in the area during that time. The predominant age group in Point Lookout is 60-69 years. Households in Point Lookout are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Point Lookout work in a professional occupation. In 2011, 57.2% of the homes in Point Lookout were owner-occupied compared with 62.5% in 2016.
Point Lookout has 1,386 properties. Over the last 5 years, Houses in Point Lookout have seen a 110.48% increase in median value, while Units have seen a 112.40% increase. As at 31 October 2024:
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