1/3 Wesley Avenue, Port Macquarie NSW 2444
1/3 Wesley Avenue, Port Macquarie NSW 2444
Townhouse in a sought-after beach pocket | three-bedroom layout with private garden on shared 622sqm lot | short-term holiday rental in place with approvals | positioned near Nobbys Beach with modern finishes throughout.
This property offers a rare combination of a freehold-style townhouse within a strata setting, with a full private garden and patio that sets it apart from typical unit offerings near Nobbys Beach. The existing short-term holiday accommodation approval and proven rental history provide an income-ready position for a buyer seeking immediate cash flow or a lifestyle property that can offset holding costs. The three-bedroom, all-upstairs configuration with a two-way bathroom and master balcony appeals to both owner-occupiers and holiday guests, while the modern fit-out and reverse-cycle air-conditioning reduce near-term capital expenditure. It best suits a buyer who values beach proximity, low-maintenance living, and the flexibility to continue holiday letting or transition to permanent residence.
The property sits within a unit block on an 1185sqm site, meaning the 622sqm lot is shared and not exclusive use, which limits future subdivision or redevelopment potential. The bushfire overlay introduces additional compliance considerations for any structural changes, and the absence of ocean views despite the beach proximity may affect long-term capital growth relative to front-row properties. The strata fees of $1005 per quarter are moderate but should be reviewed for any upcoming special levies. The buyer should hold this property as either a holiday rental with active management to maximise yield, or as a permanent home in a tightly held coastal pocket where supply is constrained.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Port Macquarie’s housing market demonstrates robust demand, with houses experiencing sustained price growth and selling briskly, while the unit market offers more stable entry points with stronger rental yields. This coastal market is driven by steady buyer activity for houses and solid investor interest in rental units, indicating a balanced appeal for both owner-occupiers and investors. The consistent sales volume and moderate growth trajectory suggest a resilient market, though the divergence in performance between houses and units highlights a segment-specific dynamic. Future prospects are underpinned by this sustained demand, with the primary constraint being the relative affordability gap between the two property types.