FOR SALE
$625,000

5/10-12 Tropic Lodge Place
Korora NSW 2450

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
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Holiday Vibes all Year Round...

This spacious 4 bedroom townhouse is nestled within the popular "Tropic Oasis" providing a relaxed coastal lifestyle with full use of the complex facilities including pool, spa, bbq cabana, games room and gym.
Beautifully presented throughout, you will be delighted by the high ceilings, timber floors, feature windows and crisp white colour palette that combine to provide a modern contemporary feel.
The well-appointed kitchen features an island bench and dishwasher and affords a natural flow to both the sunken lounge room and fabulous outdoor entertaining deck.
3 large bedrooms feature on the upper level and share the renovated main bathroom, while downstairs is much like a self-contained studio, with its own bedroom, living area, kitchenette and bathroom. It's a really versatile design that would be ideal for extended families.
Another bonus is the huge storage area. This space is big enough to be fitted out as a self-contained studio, providing the potential for an extra income stream.
The current owners have successfully holiday let the property with an average annual gross income of $50,000 - $55,000. Alternatively the permanent rent appraisal is $700 - $720 per week or you can move straight in and enjoy being just a 2 minute walk to Korora Public School and 10 - 15 minute walk to Hills Beach.
For further information or to book a private viewing please contact The Edge Coffs Harbour.
*Rates: $3,975pa (approx.)
*Strata levies: $9,336pa (approx.)

Property Details for 5/10-12 Tropic Lodge Pl, Korora

5/10-12 Tropic Lodge Pl, Korora is a 4 bedroom, 2 bathroom Townhouse with 1 parking spaces. The place is currently for sale with The Edge Coffs Harbour.

Building Type
Townhouse

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About Korora 2450

The size of Korora is approximately 16.7 square kilometres. It has 8 parks covering nearly 41% of total area. The population of Korora in 2011 was 2,224 people. By 2016 the population was 2,494 showing a population growth of 12.1% in the area during that time. The predominant age group in Korora is 50-59 years. Households in Korora are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Korora work in a professional occupation. In 2011, 69.8% of the homes in Korora were owner-occupied compared with 71.7% in 2016.

Korora has 1,518 properties. Over the last 5 years, Houses in Korora have seen a 58.87% increase in median value, while Units have seen a 63.56% increase. As at 30 November 2024:

  • The median value for Houses in Korora is $1,042,890 while the median value for Units is $649,164.
  • Houses have a median rent of $695 while Units have a median rent of $545.
There are currently 21 properties listed for sale, and 4 properties listed for rent in Korora on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Korora.

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Brett Finnie
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The Edge Coffs Harbour
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