17 Binnacle Rd, Ocean Reef is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 723m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Looking for something that you can add your own touches to and create your own dream home, this is the ideal opportunity. It is all about location and getting into this popular coastal suburb and here is your big chance to grab both. Location is paramount and when you see the ocean glimpses from this existing home you can only imagine what a 2nd storey would capture - full coastal panorama that can only add a considerable financial gain to anything you do here.
The current home offers good bones making it an easy home to work with. From entering the formal lounge is located at the front with high slanting feature ceilings and a large formal dining around the corner with sliding door access to the rear entertainment areas.
The central sections of the home also provide generous size spaces and incorporate the spacious galley style kitchen with meals area off to the side and overlooks the large family room.
The size of Ocean Reef is approximately 5.4 square kilometres. It has 11 parks covering nearly 28% of total area. The population of Ocean Reef in 2011 was 8,107 people. By 2016 the population was 7,862 showing a population decline of 3.0% in the area during that time. The predominant age group in Ocean Reef is 50-59 years. Households in Ocean Reef are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ocean Reef work in a professional occupation. In 2011, 84.5% of the homes in Ocean Reef were owner-occupied compared with 84.9% in 2016.
Ocean Reef has 3,257 properties. Over the last 5 years, Houses in Ocean Reef have seen a 73.24% increase in median value, while Units have seen a 75.55% increase. As at 31 August 2024:
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