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Coastal Opportunity - 2 FOR 1
Ideal Investment and Development Opportunity, 50 Elsie St, Waterman's Bay is 1050 sqm (approx.) of sought after sub-dividable (STCA) coastal land just 550m from the water's edge and a short stroll to delightful walking trails at the Star Swamp Reserve with the added bonus of a neat and tidy, comfortable 3-bedroom, 1 bathroom home and a cleared ready to build parcel of land.
This large 1050sqm (approx.) corner block has potential to Subdivide (STCA) ZONED R20 . The possibilities here are endless. The existing house could be easily retained and upgraded & conveniently lived in whilst building your dream home or potentially redevelop this large 1050 sqm corner block and reap the rewards, the choice is yours with this wonderful beach/bush property.
RENTAL POTENTIAL - $$550 approx. per week in the current market.
50 Elsie St is in very close proximity to cafes and restaurants along both West Coast Drive, there's also easy access to Marmion Primary School, Marmion Village Shopping Centre, the Marmion Angling and Aquatic Club, lush local parks and community sporting facilities, public transport, major shopping centres and even the magnificent Hillary's Boat Harbour.
This is an ideal opportunity and sought after prime parcel of Waterman's Bay real estate. The possibilities truly are endless.
Main features:
- 1050sqm block with sub division potential (STCA) R20 ZONING
- Existing retainable 3-bedroom, 1 bathroom home with double garage & workshop
- Large private backyard area with a patio
- close to beach and bush
- Space to build your dream home
- Close to cafes and restaurants
- Easy access to public transport
- Minutes away from schools and shopping
- Short drive to Hillary's Boat Harbour
Call Daryl Cook at any time to arrange an 'inspection by appointment' or view at the Saturday Home Open.
PLEASE NOTE:
Every precaution has been taken to establish the accuracy of the advertised information but does not constitute any representation by the vendor or agent. Interested parties are encouraged to carry out their own due diligence in respect of this property prior to putting in an offer.
Property features
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Garages
2
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Floor area
110m2
Property snapshot by reiwa.com
This property at 50 Elsie Street, Watermans Bay is a three bedroom, one bathroom house sold by Daryl Cook at Abode Real Estate on 04 Nov 2022.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Watermans Bay or see other recently sold properties in Watermans Bay.
Nearby schools
Watermans Bay overview
Are you interested in buying, renting or investing in Watermans Bay? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Watermans Bay offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities. You can also see median and current sales prices for houses and units, as well as sales activity and growth rates.
Watermans Bay quick stats
High end
$2.5m
Median
$1.6m
Low end
$1.2m
18.5 %
Annual growth
$1.6m
Annual median sales price
$900pw
Annual median rental price
