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14 Queens Lane, Iluka NSW 2466

$2,950,000

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$2.95M - $3.1M Transparent Transparent Listing Based on an openly advertised listing price.

House 7 Beds 4 Baths 3 Cars

Listed: 2 days ago

Overview

This distinctive coastal property in Iluka presents an uncommon investment opportunity encompassing four separate income-producing apartments under one ownership, combined with captivating views across Iluka Bay. Positioned just moments from the bay, this property strategically balances the features of permanent rental accommodation with the flexibility of holiday letting, catering well to investors looking for diversified income sources.

The design offers versatility, with the upstairs apartment providing a spacious two-bedroom accommodation that harnesses stunning bay vistas and serves as a popular holiday rental. On the lower level, three permanently tenanted units—comprising two two-bedroom apartments and a self-contained studio—generate consistent income streams. This diversified tenancy profile allows an investor to benefit from stability as well as seasonal uplift.

Parking is ample with generous off-street space including a covered carport and a garage, meeting the demands of residents and visitors alike. The external environment is enriched with established trees and expansive grassed areas, alongside outdoor entertaining spaces that enhance both recreational use and tenant appeal.

Convenience is another key aspect, with the property situated within walking distance to Iluka Bay, shops, cafés, beaches, and other local amenities, further augmenting its desirability. Investors seeking flexibility can contemplate occupying the upstairs apartment as a private coastal retreat while maintaining rental income from the downstairs apartments, subject to current tenancy agreements.

Overall, the property represents a rare blend of strategic location, income diversity, and lifestyle potential, likely to attract investors with an interest in coastal real estate, as well as those seeking a blend of personal use and income.

Local Market Insights

In Iluka, Quiet Listings observed 5 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 $1,312,000. The property type mix of listed properties is predominantly Houses at 83%, followed by townhouses (17%). The most active agency for houses in the Iluka area is currently McGrath Estate Agents, representing 40% of new listings, followed by LJ Hooker with 40%. 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.