1/16 Waterman Street Old Bar NSW 2430

Recently renovated villa |Walk to beach & shops |Low-maintenance appeal |$650-680K guide|This three-bedroom villa suits downsizers or investors seeking easy coastal living near Old Bar’s amenities. Its complete renovation positions it as a turnkey option in a street of similar low-maintenance units, minimising upkeep while delivering modern interiors and a north-facing patio for relaxed outdoor living. The single garage with internal access and extra parking space adds everyday practicality without excess land demands. Being just 300m from the bowling club, Coles and cafes, it slots neatly into the neighbourhood’s walkable core, appealing to buyers who prioritise convenience over large blocks. Properties like this typically draw first-home buyers or retirees, drawn by the security of strata-style living and proximity to the beach 900m away. Rental history shows steady demand, with yields climbing from $340 weekly in 2020 to $490 in 2024, reflecting strong tenant interest in renovated villas. In the local market, comparables hold value well due to limited supply of updated units in prime spots, supporting long-term capital growth. The 696sqm lot, though shared, underpins stability in a general residential zone, making it a low-risk hold amid coastal demand. Overall, its refreshed state and location give it an edge for buyers eyeing lifestyle without the hassles of bigger homes.