
535
Ocean
Drive
north haven
NSW,
2443
$1,025,000
North Haven Investment
Introducing a tantalising investment opportunity nestled in the heart of North Haven-a spacious three bedroom house, offering an abundance of potential with its unique multi-occupancy setup. This property presents a compelling proposition for investors keen on securing a robust income stream, with the versatility to cater for three separate tenancies.
The main residence boasts a delightful two-bedroom configuration on the upper level, complete with river glimpses that add a serene touch to the living space. Below, you'll discover a self-contained one-bedroom flat that offers privacy and convenience. There is of course the option to open this up in to a large 3 bedroom two story home. Additionally, the rear yard houses an independent one-bedroom cottage, complete with its own double carport, currently leased and contributing to the overall rental income.
Investors will note the current rental returns of $715 per week across two tenancies, with room to significantly increase this figure should the upper floor's two-bedroom abode be included in the rental portfolio-an additional $400 to $450 per week, by estimation. While the main residence does not feature separate metering between the ground and upper floors, the cottage's utilities are independently managed, ensuring ease of billing for tenants.
Occupying a generous plot of 967 square metres, this property was constructed circa 2008, and has been well-maintained ever since. Notably, during the 2021 floods, the integrity of the dwellings remained uncompromised as water did not reach any of the buildings themselves, despite its location within a flood zone.
Investors will appreciate the potential this house presents, not only as a lucrative investment but also as a charming holiday retreat. With its advantageous position and flexible accommodation options, this is an opportunity not to be missed.
Current configuration
Main House
Upper Floor - 2 bedrooms, 1 bathroom
Lower Floor - 1 bedroom self contained unit
Single garage with drive through access
Carport
Cottage
One Bedroom, One Bathroom, Double Carport.
Less than 200 metre stroll to the Camden Haven River, only 1km to the North Haven Bowling Club, 700m to the cafe strip and boat ramp, this is prime North Haven real estate with an income.
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee it's accuracy. Prospective purchasers are advised to carry out their own investigations.
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About north haven
median house price
763500median house rent
550suburb rental yield
3.7%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.