Meet Fred & Coralie Dent
SEARCH LOCATION: Lake Macquarie, NSW
BUDGET- $350,000 - $450,000
THE BRIEF: Having just sold the family home in Wilberforce that Fred built, Fred and Coralie are moving on to the next adventure in their life. They are looking for an unrenovated cottage with loads of character in the Lake Macquarie area. Fred works at Newcastle Tafe and currently drives 2.5 hours each direction for work so the move closer will make a huge difference in their lives. Ideally they would like to be close to the water, shops and cafes. They desperately want to add value and Fred intends to do all the renovation work himself. The plan is to be mortgage free in the future.
PROPERTY #1 ADDRESS: Houston Ave, Chain Valley Bay, NSW
Sale Price - Offers over $410,000
This five bedroom, two-bathroom timber home is full of character with high cathedral ceilings, loads of period features, and beautiful garden and outdoor areas. The master bedroom has an ensuite, and the remaining bedrooms are all a good size. There is open plan kitchen/dining/living, a rear shed – perfect for Fred, walk in pantry, space for pets and a walk to the lake. This home needs only minor modifications.
Land Size - 753 m2
Agent - Mark Millington - First National Lakeshores
Area Description - Chain Valley Bay is a suburb of the Central Coast of NSW and is about 45 minutes from Newcastle. This is quite a sleepy, lakeside community with an equal number of weekenders and owner-occupiers. It’s a 12-minute drive south of Swansea. Chain Valley Bay has always been a bit of a secret suburb in the area but a lot of people are starting to discover it. The last five years has seen market growth of 2.58%, and the big change in the market seems to be that there are now more buyers and less properties. The median house price approx. $310,000
PROPERTY #2 ADDRESS: George St, Swansea, NSW
Sale Price - $339,000 – 419,000
House Description: This cute blue weatherboard cottage is right on budget for Fred and Coralie. It’s a nicely restored character cottage with four bedrooms, an open plan living area with lots of natural light and the master bedroom has a walk in robe but no ensuite. There’s a garage/workshop, an outdoor entertaining area/large sunny verandah and plenty of room for pets. The great thing about this property is that Fred and Coralie could be mortgage free with little work to do. One improvement would be to build a fence at the front of the property to maximize land and give more privacy. It’s a 30 minute drive to Waratah for shopping, a 200m walk to the shore of Lake Macquarie and a 300m walk to the shopping strip of Swansea
Land Size - 500 m2
Agent - Shanti Page - One Agency Eastlakes
Area Description - Swansea is a half hour drive south west of Newcastle. It’s in the perfect location for commuting and this area is attracting more and more people who work in Newcastle but prefer a quieter and more affordable lifestyle. The community consists mainly of working families and retirees, however it’s also a popular holiday destination and a great spot for boating. Swansea is mostly made up of single story fibro and weatherboard cottages on big, flat blocks.
PROPERTY #3 ADDRESS: Boyd St, Swansea, NSW
Sale Price - $500,000
House Description: This is a large flat block of land with a character home that’s been renovated with polished timber floors, high ceilings, big bedrooms but no ensuites, a rear deck and swimming pool. The garage has been converted to a two-bedroom granny flat that brings in $200 per week in rent. The house has natural light, lots of outdoor entertaining space, a shed and room for pets. Fred could make some cosmetic improvements but nothing urgent. In time the kitchen and bathroom will need to be upgraded.
Land Size - 1200 m2
Agent - Shanti Page - One Agency Eastlakes
Area Description - Swansea is only a half hour drive south west of Newcastle. It’s in the perfect location for commuting and this area is attracting more and more people who work in Newcastle but prefer a quieter and more affordable lifestyle. The community consists mainly of working families and retirees, however it’s also a popular holiday destination and a great spot for boating. Swansea is mostly made up of single story fibro and weatherboard cottages on big, flat blocks.