Property Details for 56 Duke St, Iluka
56 Duke St, Iluka is a 14 bedroom, 6 bathroom Unit with 8 parking spaces and was built in 1985. While the property is not currently for sale or for rent, it was last sold in February 2002.
Last Listing description (June 2026)
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 $2.85M
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 4.38% gross yield at the $2.85M 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: $1,200/week
58 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: $1,200/week
Both Titles Together - $2,850,000
Six units across two titles
Combined income: $2,400/week
4.38% gross yield
Significant landholding: 1,924m2
Owner Occupier Appeal
Buy one title, live in the three bedroom unit, and enjoy approx $900/week income from the remaining two units - a rare opportunity to secure a coastal lifestyle with strong income offset.
Location
Positioned in one of Iluka's most desirable streets - quiet, wide, and divided by a grassed median strip - the setting enhances both lifestyle appeal and tenant demand. Walking distance to:
Iluka's beaches and river
Local shops, cafes, and amenities
National parks and walking trails
Schools and community facilities
Iluka continues to grow as a sought after coastal enclave, with limited supply and strong rental demand underpinning long term value.
A Rare Coastal Investment of Scale
Whether purchased individually or as a complete holding, 56-58 Duke Street represents an exceptional opportunity to secure a high performing, income generating asset in a premium coastal market.
Enquire today - opportunities of this scale and flexibility are seldom offered in Iluka.
Six villa style units, all well presented
Two freestanding ground level residences per title
Each unit includes its own fully fenced private yard
Adjoining carports provide privacy and separation
Long term tenants with minimal vacancy history
Low maintenance construction and layout
Proven performance over 22+ years of ownership
Potential for boarding accommodation (STCA) to enhance returns
Ideal for investors, SMSFs, or owner occupiers seeking income support
Property History for 56 Duke St, Iluka, NSW 2466
- 23 Jun 2026Listed for Sale $2,850,000
- 09 Apr 2020Listed for Rent $280
- 27 Mar 2017Listed for Rent - Price not available
Recent sales nearby
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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 1,655 properties. Over the last 5 years, Houses in Iluka have seen a 44.40% increase in median value, while Units have seen a 33.63% increase. As at 31 May 2026:
- The median value for Houses in Iluka is $918,412 while the median value for Units is $571,970.
- Houses have a median rent of $580 while Units have a median rent of $430.
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