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Opportunity plus: home + granny flat

Opportunity knocks in the heart of Lake Cathie. Set in a prime, walk-to-everything location, this property offers a four-bedroom main residence plus an approved two-bedroom granny flat — a dual-income or extended family configuration with serious upside.

Position is the key driver: stroll to the beach, shopping complex, tavern and lake, with Port Macquarie CBD and airport within 15-20 minutes drive and convenient access to the M1 for commuters.

Yes, it needs work. The fundamentals are solid, the layout is versatile, and the potential is undeniable.Investors, builders and renovators — this is your value-add project and chance to maximise rental returns and ensure future capital growth in this laid-back coastal town.

  • Main house with 4 bedrooms, 1 bathroom
  • Timber floors in lounge and hallway
  • Granny flat build in 2014 with 2 bedrooms, 1 bathroom. DA approved, on seperate title, own electricity meter and gas connection, shared water. Nominated address 1547A Ocean Drive, Lake Cathie.
  • Council rates: approximately $3,000 per annum
  • Block size: ~608m2, on two titles.

Building and pest report available on request.

Rental appraisal, combined $1,130 per week for house + granny flat, when house and granny flat rented out separately. Potential to start generating income straight with granny flat ($460 p.w.) while renovating the house.

Motivated vendors, act now.

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must rely on their own enquiries.

6 2 608m2
Address 1547 & 1547a, Ocean Dr, Lake Cathie
Price SOLD for $838,000
Property Type Residential
Property ID 1978
Category House
Land Area 608m2
Floor Area 116m2

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Agent Details

Susan de Jonge photo

Susan de Jonge

0410 938 691
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Debbi Phillips photo

Debbi Phillips

0435 677 256
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What our clients say

Debbi's approach to selling our property was very professional. Debbi achieved a better than expected outcome for us in a timely manner. We would rate Debbi as one the best agents we have had the pleasure...

Lloyd Daley

Everything went very smoothly with the sale of my father's property'. From the first contact with Debbie to the final changeover/settlement was faultless. Debbie made the whole process go smooth and prompt,...

Jo Scott

As a newcomer to selling a house Debbie was so helpful and reliable advising me of everything I needed to know I was so impressed with her reliability and professionalism

Carol Bennett

Debbi approached us after have an Appraisal on our house, with people that were looking for a property in our area, and would like to have a look through, so off to the coffee shop we went, an hour later...

Mary & Gordon Sharman

We approached Debbi when we were thinking of downsizing and moving closer to family. From the first phone call to the moment Debbi came into our home we felt at ease and confident with her ability and...

Lynne & Phil Eather

We tried to sell privately and ended up handing everything over to Debbi. She was always available for communication. She kept us informed from the beginning to the end. She just did it all. Debbi is friendly...

Sharon & David Wilson