1517 Ocean Drive, Lake Cathie, NSW 2445 | Property Value & History | OnTheHouse
OFF MARKET

1517 Ocean Drive
Lake Cathie NSW 2445

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
Land area: 790m2
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Property Details for 1517 Ocean Dr, Lake Cathie

1517 Ocean Dr, Lake Cathie is a 5 bedroom, 3 bathroom House with 3 parking spaces and was built in 1994. The property has a land size of 790m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Year Built
1994
Land Size
790m2
Local Government
Port Macquarie-Hastings
Lot/Plan
8/DP238263

Last Listing description (April 2022)

On offer are two separate townhouses on one title set on a 638sqm (approx.) block on the high side of the street. This rare opportunity will cater to a broad spectrum of buyers from the extended family looking for space and privacy; live in one and have the rent from the other pay your mortgage or for the savvy investor, taking advantage of the dual incomes on the one title.

Townhouse one is larger and provides the space of three bedrooms on the upper level with two balconies and two separate living spaces. There is an ensuite bathroom to the master bedroom along with a large walk-in robe and balcony. The spacious main bathroom with a separate toilet is centrally located to bedrooms two and three. Downstairs there is internal access to the double garage, internal laundry and a second separate toilet. The kitchen is spacious and provides ample storage and bench space. To the rear, there is your own designated grassy courtyard with electric vehicle gate access. Tenants in a current lease.


Townhouse two comprises of two bedrooms with built-in robes, separate living spaces, one upstairs and one down, a well-equipped kitchen and internal access to the single lock-up garage where the laundry facilities are located. The master bedroom has an ensuite and balcony to the rear taking in the mountain vistas. Tenants in a current lease.

There is additional undercover off-street parking with the double carport and the property being separately metered for electricity. This outstanding property is located just 19kms from Port Macquaries CBD, 1km to Woolworths shopping at Lake Cathie and just 300m to Rainbow Beach and Middle Rock is only 600m away.

Dont delay, call today to arrange your inspection and the opportunity to secure this fantastic investment. It will sell fast!

+ Rare investment chance, two incomes, one title!
+ 300m to Rainbow Beach, 600m to Middle Rock
+ Together there are five bedrooms and three bathrooms
+ Both townhouses have tenants on fixed-term leases
+ 1km to Woolworth,s 19kms to Port Macquaries CBD
+ Catering perfectly to a broad spectrum of buyers

Rates $3,150 pa | Land 638 sqm

Property History for 1517 Ocean Dr, Lake Cathie, NSW 2445

A timeline of how this property has performed in the market
Last Sold
$1,160,000
13 Apr 2022
Listed for Rent
$495/w
19 Jan 2011
  • 13 Apr 2022
    Sold for $1,160,000
  • 30 Mar 2022
    Listed for Sale Price Guide $1,100,000 - $1,200,000
  • 19 Mar 2020
    Listed for Rent $350 / week
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About Lake Cathie 2445

The size of Lake Cathie is approximately 18.4 square kilometres. There are 6 parks, covering nearly 50.6% of the total area. The population of Lake Cathie in 2016 was 3494 people. By 2021 the population was 4296 showing a population growth of 23.0% in the area during that time. The predominant age group in Lake Cathie is 70-79 years. Households in Lake Cathie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lake Cathie work in a professional occupation.In 2021, 78.90% of the homes in Lake Cathie were owner-occupied compared with 78.20% in 2016.

Lake Cathie has 2,693 properties. Over the last 5 years, Houses in Lake Cathie have seen a 23.43% increase in median value, while Units have seen a 32.12% increase. As at 31 August 2026:

  • The median value for Houses in Lake Cathie is $1,030,476 while the median value for Units is $677,547.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 24 properties listed for sale, and 2 properties listed for rent in Lake cathie on OnTheHouse. According to Cotality's data, 136 properties were sold in the past 12 months in Lake cathie.

Suburb Insights for Lake Cathie 2445

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.