112 Budgewoi Road NORAVILLE NSW 2263
$1,389,000

DESCRIPTION

TRIPLE INCOME OR A SPECTACULAR SINGLE-FAMILY HOME – PRICED TO SELL!

This coastal gem presents a rare and exciting opportunity—whether as a high-yield investment or a stunning single-family residence. Just 200m from the beach, this expansive property is currently configured as three distinct dwellings, generating an impressive $1,215 per week in rental income and there's room to grow this figure even further. Yet, with a few thoughtful adjustments, it could seamlessly transform into an extraordinary family home, offering ample space, privacy, and flexibility for multi-generational living.
The Best of Both Worlds
- Investment Powerhouse: Maintain its current setup for triple rental income, with potential to increase returns further—long-term tenants or short-term Airbnb stays could significantly boost profitability (STCA).
- Dream Coastal Home: Reimagine the space as a sprawling single-family home, uniting all three properties to create a grand coastal retreat with multiple living areas, kitchens, and outdoor spaces.
- Hybrid Approach: Live in one section while renting out the others—offset your mortgage or enjoy extra income while embracing beachside living.
Property Breakdown
- Ground Floor Residence (1) – Open-plan living, 2 spacious bedrooms, modern bathroom, extra toilet, and sleek kitchen. Enjoy a huge covered deck, ideal for BBQs and relaxing to the sound of ocean waves.
- Ground Floor Residence (2) – Generous space with 1 large bedroom, stylish kitchenette, modern bathroom, and a private balcony just across from the beach.
- Upstairs Residence – Super spacious layout featuring 2 large bedrooms, modern bathroom, chic kitchen, and inviting open-plan living.
Whether you're looking for a multi-income investment, a shared family purchase, or your dream coastal oasis, this property is packed with possibilities.
Don't miss out on this rare coastal treasure!
Other features include:
o ACROSS THE ROAD FROM THE BEACH - Location - Location - Location!
o MASSIVE HOUSE OR UNIT BLOCK WITH 3 DWELLINGS You decide!
o Massive TAX Depreciation - Current Depreciation schedule can be provided upon request!
o Private BBQ Deck: Ideal for outdoor gatherings and relaxation.
o Double Garage: Conveniently equipped with remote entry.
o 696sqm Block: Ample space for outdoor activities.
o Beautiful Bush Setting: Enjoy the natural surroundings
o Plenty of additional parking! enough to park close to 8+ cars on the site
o Large concrete driveway from the front to the back of the property which is extremely low maintenance.
A truly rare property!
DISCLAIMER: This advertisement contains information provided by third parties. While all care is taken to ensure otherwise, LJ Hooker Budgewoi | Toukley does not make any representation as to the accuracy of any of the information contained in the advertisement, does not accept any responsibility or liability and recommends that any client make their own investigations and enquiries. All images are indicative of the property only.