1547 Ocean Dr, Lake Cathie is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 790m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 6 bedroom House sold in Lake Cathie in the last 12 months.
Opportunity knocks in the heart ofLake Cathie. Set in a prime, walk-to-everything location, this property offers a four-bedroom main residence plus an approved two-bedroom granny flat a dual-income or extended family configuration with serious upside.Position is the key driver: stroll to the beach, shopping complex, tavern and lake, with Port Macquarie CBD and airport within 15-20 minutes drive and convenient access to the M1 for commuters.Yes, it needs work. The fundamentals are solid, the layout is versatile, and the potential is undeniable.Investors, builders and renovators this is your value-add project andchance to maximise rental returns and ensure future capital growth in this laid-back coastal town.Main house with 4 bedrooms, 1 bathroomTimber floors in lounge and hallwayGranny flat build in 2014 with 2 bedrooms, 1 bathroom. DA approved, on seperate title, own electricity meter and gas connection, shared water. Nominated address 1547A Ocean Drive, Lake Cathie.Council rates: approximately $3,000 per annumBlock size: ~608m2, on two titles.Building and pest report available on request.Rental appraisal, combined $1,130 per week for house + granny flat, when house and granny flat rented out separately. Potential to start generating income straight with granny flat ($460 p.w.) while renovating the house.Motivated vendors, act now.All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must rely on their own enquiries.
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 2,697 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:
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