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Back 285 Main Road
Off Market

285 Main Road

Fennell Bay NSW 2283

4
2
2
739.8 m²
House
Last sold for $790,000
Matt HutchinsonMatt Hutchinson, last sold this property on 05 August 2025 after 0 days on market.

Overview

Prime Investment & Development Opportunity with Lake Views Zoned E1

A rare opportunity to secure a premium development site in one of Lake Macquarie's most scenic and highly visible locations. Zoned E1 Local Centre, this site is ideal for commercial development and mixed-use projects. A previously lodged Development Application (DA) proposed shop top housing, including retail spaces on the ground floor and two levels of residential units above showcasing the site's versatility and potential. Key Features: - Zoning: E1 Local Centre (allows for a wide range of commercial and mixed-use development) - Views: Panoramic views of Fennell Bay and Lake Macquarie - Location: High-exposure area with strong foot and vehicle traffic Current Improvements: - Residential Dwelling: 3-bedroom house, currently tenanted - Rental income: $450 per week - Commercial Kitchen: Situated on the property - Currently on a periodic lease, returning $300 per week - Market rent potential: Up to $500 per week on a long-term lease Investment Highlights: - Dual income streams already in place - Opportunity to increase commercial rental return with a long-term lease - Strong future development upside with a proven DA concept - Sought-after location with picturesque lake views enhancing value and appeal This is an ideal opportunity for developers, investors, or owner-occupiers seeking a property with strong holding income and significant long-term potential. Disclaimer: All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Features

4 bedrooms
2 bathrooms
2 carspaces
739.8 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Fennell Bay over the last 12 months, the estimated median property value of 285 Main Road is $1.08m.

Median value
$1.08m
Estimated value range
$760k - $1.69m
Median days on market
41
Estimated value trend
28%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Fennell Bay. 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 285 Main Road

2025
Sold
$790,000
Private Sale/Treaty on 05 Aug 2025 by Matt Hutchinson, of Presence Real Estate Newcastle
2024
Rented
Undisclosed
Leased on 17 Jul 2024 by Global Property Warners Bay

Happy sellers in Fennell Bay

82%
82% of sellers in Fennell Bay reported that their sale price either exceeded or met their price expectations.

Fennell Bay stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Fennell Bay over the last 12 months.

Local market activity for 4 bedroom houses in Fennell Bay

In the last 12 months, 8 four-bedroom houses similar to 285 Main Road, have been sold.

This represents a 12% decrease in four-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 Fennell Bay

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Darcy Mercieca

Darcy Mercieca is an award winning recommended agent for Fennell Bay.  They have 6 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (73 reviews)
  •  6 Reviews in Fennell Bay
  •  6 Sales in Fennell Bay
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Maya O'Brien

Maya O'Brien is a recommended agent for Fennell Bay.  They have 1 local sale and collected 3 local reviews across the last 12 months.

  •   5   (5 reviews)
  •  3 Reviews in Fennell Bay
  •  1 Sale in Fennell Bay
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Kathleen Matinlassi

Sellers who recommend Kathleen Matinlassi have praised them for being clear communication, local expert, responsive, supportive, friendly, honest and dedicated

  •   5   (306 reviews)
  •  2 Reviews in Fennell Bay
  •  1 Sale in Fennell Bay
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Peter Shiels

Sellers who recommend Peter Shiels have praised them for being clear communication, local expert, friendly, responsive, supportive, honest and easy to work with

  •   4.9   (371 reviews)
  •  1 Review in Fennell Bay
  •  1 Sale in Fennell Bay
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