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20 & 20a Restlea Avenue, Charmhaven NSW 2263

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$1.1M - $1.2M Medium Confidence Calculated based on our search observations.

House 7 Beds 3 Baths 2 Cars 556 m²

Listed: 30th Jul 2026

Updated: 17th Aug 2026

Overview

This property presents a unique investment opportunity in the popular lakeside locale of Charmhaven, featuring a dual-income setup that appeals particularly to savvy investors seeking stable cash flow with long-term growth potential.

The main residence is a substantial five-bedroom home characterized by generous living spaces and two bathrooms, complemented by single car accommodation. Its size and layout provide flexibility for larger families or multi-generational living arrangements.

Complementing the main house is a modern, council-approved two-bedroom granny flat, completed approximately 18 months ago. This near-new addition offers a self-contained living arrangement, enhancing rental income prospects and offering tenants privacy and independence.

Together, these two separately metered dwellings deliver a combined weekly rental return of $1,200, correlating to an estimated rental yield of 5.2%. This setup ensures a reliable dual income stream, mitigating risk and maximizing return potential.

The property occupies an approximately 556.4 square meter block in a convenient location close to Budgewoi Lake and key amenities including Lake Haven Shopping Centre, schools, public transport, parks, and the M1 Motorway. This accessibility enhances tenant appeal and future resale value.

Dual-income layout with separate meters for security and flexibility.
Spacious main residence with five bedrooms and two bathrooms.
Modern, approved granny flat providing a valuable second income.
Strong rental performance with $1,200 per week combined return.
Well-positioned near lakefront and community amenities for lifestyle and convenience.
Low maintenance investment with existing tenants, suitable for portfolio expansion.

This dual-occupancy property suits investors seeking a high-yield asset in a sought-after Central Coast area, offering immediate rental income and the benefit of two discrete living spaces. Its location, combined with dual tenancy, caters well to tenants and future owner-occupiers seeking flexibility and lifestyle benefits.

Local Market Insights

In Charmhaven, Quiet Listings observed 23 new houses entering the market over the last 30 days, down from 27 during the previous 30-day period, with an average advertised asking price of $1,308,913. The property type mix of listed properties is predominantly Houses at 79%, followed by villas (10%), and townhouses (7%). The most active agency for houses in the Charmhaven area is currently Ray White, representing 26% of new listings, followed by McGrath Estate Agents with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.