56-58 Duke Street, Iluka, NSW 2466 | Unit for sale | OnTheHouse
 
FOR SALE
$2,550,000

56-58 Duke Street
Iluka NSW 2466

Bedrooms: 14
Bathrooms: 6
Car spaces: 8
Land area: 1924m2
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Lady Bird Grove - A Prime Dual Title Coastal Investment - Buy One or Both

56-58 Duke Street, Iluka NSW Buy Individually at $1.5M Each, or Secure Both Titles for $2.55M
A rare opportunity to acquire a substantial multi income coastal holding in one of Iluka's most tightly held locations. Offered for the first time in over 22 years, this dual title investment delivers strong income, exceptional flexibility, and long term growth potential in a premium blue chip street.
Set across two adjoining titles totalling 1,924m2, the properties comprise six well maintained villa style units, all currently leased to reliable long term tenants. With a combined rental income of $2,400 per week, the holding returns an attractive 4.93% gross yield at the $2.55M price point - a compelling proposition in today's coastal investment market.
Buyers may secure one title or the entire dual title portfolio, offering unmatched versatility for investors, downsizers, or owner occupiers seeking income support.
Purchase Options:
56 Duke Street - $1,500,000
1 x three bedroom unit
2 x two bedroom units
Total: 7 bedrooms, 3 bathrooms, 2 car spaces
Approx rental income: $1,330/week
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Property Details for 56-58 Duke St, Iluka

56-58 Duke St, Iluka is a 14 bedroom, 6 bathroom Unit with 8 parking spaces. The property has a land size of 1924m2. The place is currently for sale with Real Estate of Distinction Byron Bay.

Building Type
Unit
Land Size
1924m2
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About Iluka 2466

The size of Iluka is approximately 12.8 square kilometres. There are 9 parks, covering nearly 51.3% of the total area. The population of Iluka in 2016 was 1718 people. By 2021 the population was 1764 showing a population growth of 2.7% in the area during that time. The predominant age group in Iluka is 60-69 years. Households in Iluka are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Iluka work in a trades occupation.In 2021, 65.40% of the homes in Iluka were owner-occupied compared with 65.50% in 2016.

Iluka has 1,668 properties. Over the last 5 years, Houses in Iluka have seen a 36.02% increase in median value, while Units have seen a 23.90% increase. As at 31 August 2026:

  • The median value for Houses in Iluka is $910,721 while the median value for Units is $632,869.
  • Houses have a median rent of $590 while Units have a median rent of $460.
There are currently 24 properties listed for sale, and 1 property listed for rent in Iluka on OnTheHouse. According to Cotality's data, 89 properties were sold in the past 12 months in Iluka.

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Janis Perkins
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Real Estate of Distinction Byron Bay
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