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Back 1501 Ocean Dr
Off Market

1501 Ocean Dr

Lake Cathie NSW 2445

5
3
3
175 m²
670.3 m²
House
Last sold for $995,000
Lisa DixonLisa Dixon, last sold this property on 14 January 2026 after 2 days on market.

Overview

Rare Dual-Living Opportunity Invest, Live In or Earn Extra Income

Opportunities like this don't come along often. This much-loved dual-living property offers a flexible setup that suits investors, extended families or anyone wanting extra income while enjoying their own space. With two separate homes on the one title, you can choose what works best for you - live in the main house and rent the second dwelling, keep family close but independent, or simply enjoy the extra income. The rear two-bedroom home is currently tenanted, providing an immediate income stream, while the front residence is ready for its next chapter - or take advantage of the opportunity to rent both homes for strong investment returns. The main residence is designed for easy, level living. It offers three comfortable bedrooms, two bathrooms, and a seperate double lock-up garage. The open-plan tiled living area flows out to a large covered and enclosed rear patio - a great spot for weekend BBQs, a quiet drink or catching up with friends. Out the front, there's a secure private yard where kids and pets can play safely. Located at the rear is a free-standing two-bedroom residence that is modern, light-filled, and well designed. It offers two generous bedrooms, a bathroom with a separate toilet, a separate lounge room, plus ceiling fans and a dishwasher. A covered front patio provides a relaxing outdoor space, while the large covered carport (5.6m x 5m) offers additional parking or sheltered entertaining. Perfectly located just a 200-metre stroll to Middle Rock beach access, where you can enjoy a morning swim, try your luck fishing, or simply relax by the sound of the waves. Woolworths shopping centre, Lake Cathie Primary School, the medical centre, and the lake foreshore are all just a short drive away, with public transport close by for easy, everyday convenience. Whether you're looking to invest wisely, support family, or create a home that pays for itself, this property offers a rare level of flexibility and opportunity. Property Details: Council Rates: $3,200 pa Land Size: 670.3 sqm Rental Potential: 1501 Main house $580 - $600pw 1501A currently rented for $410.00pw DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.

Features

5 bedrooms
3 bathrooms
3 carspaces
175 m² floor area
670.3 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Lake Cathie over the last 12 months, the estimated median property value of 1501 Ocean Dr is $1.69m.

Median value
$1.69m
Estimated value range
$995k - $1.97m
Median days on market
76
Estimated value trend
41%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lake Cathie. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1501 Ocean Dr

2026
Sold
$995,000
Private Sale/Treaty on 14 Jan 2026 by Lisa Dixon, of Newhawk Holdings Pty Ltd T/As Lifestyle Group Laurieton
2023
Rented
Undisclosed
Leased on 09 Nov 2023 by Percival Property
2023
Rented
Undisclosed
Leased on 18 Jul 2023 by Percival Property

Happy sellers in Lake Cathie

89%
89% of sellers in Lake Cathie reported that their sale price either exceeded or met their price expectations.

Lake Cathie stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 36 reviews in Lake Cathie over the last 12 months.

Local market activity for 5 bedroom houses in Lake Cathie

In the last 12 months, 8 five-bedroom houses similar to 1501 Ocean Dr, have been sold.

This represents a 80% decrease in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lake Cathie

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Debbi Phillips

Sellers who recommend Debbi Phillips have praised them for being clear communication, local expert, responsive, great negotiation, reliable, stress-free process and hard-working

  •   4.9   (96 reviews)
  •  21 Reviews in Lake Cathie
  •  23 Sales in Lake Cathie
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Ayla Bailey

Ayla Bailey is an award winning recommended agent for Lake Cathie.  They have 4 local sales and collected 8 local reviews across the last 12 months.

  •   4.9   (292 reviews)
  •  8 Reviews in Lake Cathie
  •  4 Sales in Lake Cathie
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Jon Slater

Sellers who recommend Jon Slater have praised them for being clear communication, local expert, responsive, supportive, friendly, reliable and honest

  •   5   (130 reviews)
  •  4 Reviews in Lake Cathie
  •  4 Sales in Lake Cathie
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Michael Whiting

Michael Whiting is a recommended agent for Lake Cathie.  They have 5 local sales and collected 3 local reviews across the last 12 months.

  •   5   (13 reviews)
  •  3 Reviews in Lake Cathie
  •  5 Sales in Lake Cathie
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