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48 Compton Street, Iluka NSW 2466

$855,000 To $885,000

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$855k - $898k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 1 Car 689 m²

Listed: yesterday

Overview

Situated in the scenic coastal town of Iluka, this property uniquely features two separate residences on a generous 689 m² block, offering a blend of investment potential and flexible living arrangements.

The original front cottage exudes coastal charm, with a tasteful renovation that balances character and contemporary living. It includes a modern kitchen and a comfortable living space warmed by a wood fire heater, complemented by a fully fenced yard that promises privacy and ease of upkeep.

Beyond the main residence, the rear of the property hosts a self-contained granny flat boasting two bedrooms and a bathroom. This additional dwelling is ideal for extended family, guests or generating rental income, featuring a spacious undercover entertaining area and deck that enhance outdoor living possibilities.

Highlights of this dual-residence arrangement include secure parking, a combined electricity supply, and the potential for multiple income streams. The property appeals both to investors seeking diversification and purchasers desiring a versatile home environment that accommodates family needs or income opportunities.

Beyond the property itself, residents can enjoy the tranquil lifestyle afforded by Iluka’s beautiful beaches and waterways, making this address a compelling opportunity to embrace easy coastal living coupled with sound real estate prospects.

Two separate homes on a single block
Character-filled front cottage with modern updates
Rear granny flat with privacy and entertaining space
Secure, fully fenced yard with parking
Ideal for investors or versatile family living

Local Market Insights

In Iluka, Quiet Listings observed 4 new houses entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $906,000. The property type mix of listed properties is predominantly Houses at 80%, followed by townhouses (20%). The most active agency for houses in the Iluka area is currently McGrath Estate Agents, representing 50% of new listings, followed by LJ Hooker with 25%. 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.