Realty.com.au
Home>Buy>NSW>Port Macquarie> 151 Lake Road>

151 Lake Road, Port Macquarie, NSW 2444

$650,000
 5
 2
 2

Request private inspection

TWO VILLAS ON ONE TITLE - PRIME DEVELOPMENT OPPORTUNITY

Nestled on a block of approximately 2284 sqm with nature reserve to rear, is this older style property currently configured as 2 solid villas. Offering the astute buyer a secure return on your investment, as well as the opportunity to develop, land bank or re-develop in one of the areas most convenient locations.

With a rental potential of $530 per week and both currently tenanted, the property could be considered as a "blue chip" investment.


* Perfect site for medical based business
* Huge scope for further development
* Room for additional dwelling and second storey on villas
* Prime positioning, central to town and beaches
* Two solid brick villas, one two bedroom and one three bedroom
* Currently rented at $480 per week, with potential for more
* Double carport and shared laundry
* Held by the one owner for over 40 years

Rental potential: $530 per week

IDENTIFICATION REQUIRED FOR ENTRY TO ALL OPEN FOR INSPECTIONS

First listed on 13 February, this house has been on Realty for 147 days. There has been 84 other 5 bedroom house in Port Macquarie have recently been sold. There are currently 94 properties for sale in Port Macquarie.

Property Enquiry

Choose your agent
Name
Email
Phone
Enquiry Types
Message
Alert Banner Logo

REALTY ALERTS

Instant notification on sold & off-market opportunities in your area

Get Started
Alert Banner

Floorplans & Interactive Tours

General Features

Bathrooms: 2
Bedrooms: 5
Land Area: 2
Car Spaces: 2
Indoor Features

Outdoor Features

Garages: 2

Open for Inspection Times

No inspections are currently scheduled. to arrange an appointment.

Nearby Schools

All
Primary
Secondary
Special

St Agnes' Primary School

0.75 km
Primary
Private

Port Macquarie Steiner School

0.93 km
Primary
Private

MacKillop College Port Macquarie

1.14 km
Secondary
Private

Westport Public School

1.34 km
Primary
Government

Get to know more about Port Macquarie

Explore Suburb

Home Loan Calculator

Loan Amount
Loan Term (year/s)
Interest Rate (P.A.)
$ 2,969.82

Monthly Payment

More Properties in Port Macquarie

For Sale (94)
Sold (1285)
For Rent (1)
View more properties in Port Macquarie

More Properties from First National - Port Macquarie

For Sale (29)
Sold (665)
For Rent (0)
View more properties in First National - Port Macquarie

Not what you are looking for?