20 & 20A Restlea Avenue, Charmhaven, NSW 2263 | House for sale | OnTheHouse
 
FOR SALE
Guide $1,150,000 - $1,250,000

20 & 20a Restlea Avenue
Charmhaven NSW 2263

Bedrooms: 7
Bathrooms: 3
Car spaces: 2
Land area: 556.4m2
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Unlock the Potential of Dual Income | High-Yield Investment Opportunity

Positioned in a highly convenient lakeside pocket of Charmhaven, this outstanding dual-income property presents an exceptional opportunity for investors seeking strong, immediate returns with the security of two separately metered residences.
Comprising a spacious five-bedroom family home and a modern, council-approved two-bedroom granny flat completed just 18 months ago, this is a ready-made investment delivering an impressive combined rental return of $1,200 per week and an estimated 5.2% rental yield.
The main residence is currently leased at $700 per week and offers five generous bedrooms, two bathrooms and single car accommodation. Privately positioned, the near-new granny flat generates an additional $500 per week, providing a valuable second income stream and long-term investment flexibility.
Conveniently located just moments from the shores of Budgewoi Lake, the property also enjoys close proximity to Lake Haven Shopping Centre, local schools, public transport, parks and easy access to the M1 Motorway, ensuring continued appeal for both tenants and future owner-occupiers.
Investment Highlights:
Dual-income investment opportunity
5-bedroom, 2-bathroom main residence
Approved 2-bedroom granny flat (approximately 18 months old)
Combined rental return of $1,200 per week
Estimated 5.2% rental yield
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Property Details for 20 & 20a Restlea Ave, Charmhaven

20 & 20a Restlea Ave, Charmhaven is a 7 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 556.4m2. The place is currently for sale with The Agency Central Coast.

Building Type
House
Land Size
556.4m2
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About Charmhaven 2263

The size of Charmhaven is approximately 7.0 square kilometres. There are 7 parks, covering nearly 1.4% of the total area. The population of Charmhaven in 2016 was 2551 people. By 2021 the population was 2501 showing a population decline of 2.0% in the area during that time. The predominant age group in Charmhaven is 10-19 years. Households in Charmhaven are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Charmhaven work in a trades occupation.In 2021, 66.50% of the homes in Charmhaven were owner-occupied compared with 68.20% in 2016.

Charmhaven has 1,397 properties. Over the last 5 years, Houses in Charmhaven have seen a 31.63% increase in median value, while Units have seen a 32.63% increase. As at 31 July 2026:

  • The median value for Houses in Charmhaven is $828,386 while the median value for Units is $631,471.
  • Houses have a median rent of $620 while Units have a median rent of $590.
There are currently 8 properties listed for sale, and 8 properties listed for rent in Charmhaven on OnTheHouse. According to Cotality's data, 61 properties were sold in the past 12 months in Charmhaven.

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Jeremy Smith
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The Agency Central Coast
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