FOR SALE
$1,250,000

5 Bay View Place
Korora NSW 2450

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1612m2
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1612m2 OF VACANT LAND IN KORORA

This is a rare opportunity to secure a 1612m² block of land with stunning ocean views in the exclusive beachside suburb of Korora. Surrounded by quality homes, this property is a gem in a highly sought-after location. Vacant land of this size is rarely available in the area, making it a truly unique find.
Imagine building your dream home with breathtaking ocean views and the convenience of being within walking distance to the beach. The property is also close to Korora Primary School and just a 5-minute drive from the Coffs Harbour CBD. With council approval, there is potential for subdivision, offering incredible investment opportunities.
Don't miss out on this unique chance to own a significant block of land in Korora. Whether you're looking to develop, invest, or create your dream home, this property offers endless possibilities.
My owners instructions are very clear and this unique parcel of land will be sold on or before auction day. Seize this rare opportunity to make your mark in one of Korora's most coveted areas. Your dream property awaits!
Council Rates: $4070.00 Per Annum

Property Details for 5 Bay View Pl, Korora

Building Type
Land
Land Size
1612m2

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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 54.97% increase in median value, while Units have seen a 50.78% increase. As at 31 August 2024:

  • The median value for Houses in Korora is $1,037,442 while the median value for Units is $614,978.
  • Houses have a median rent of $720 while Units have a median rent of $535.
There are currently 24 properties listed for sale, and 4 properties listed for rent in Korora on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Korora.

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Sean Campbell
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PRD Real Estate Coffs Harbour
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