FOR SALE
$240,000

20 Terra Nova Drive
Mallacoota VIC 3892

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 593m2
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20 Terra Nova Drive

Located in a highly sought after area of Mallacoota, Terra Nova Drive is the perfect location for your future family home.
With the beach virtually in your back yard- being less than 200m from this property, it is also a great opportunity for those looking to build an investment property, as holiday rentals in this are are very desirable. Close to school, shops, medical centre, ocean access and golf club.
Zoned General Residential and land size is roughly 593sqm. Property backs onto a nature reserve.
Located to the rear of the property is the pre-existing dwelling's concrete slab, and also the concrete slab for the small garden shed.
The shipping container which is located on property, can be left behind upon agreement.
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Property Details for 20 Terra Nova Dr, Mallacoota

Building Type
Land
Land Size
593m2

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About Mallacoota 3892

The size of Mallacoota is approximately 242.5 square kilometres. It has 13 parks covering nearly 106.2% of total area. The population of Mallacoota in 2011 was 1,031 people. By 2016 the population was 1,063 showing a population growth of 3.1% in the area during that time. The predominant age group in Mallacoota is 60-69 years. Households in Mallacoota are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mallacoota work in a trades occupation. In 2011, 77.5% of the homes in Mallacoota were owner-occupied compared with 79% in 2016.

Mallacoota has 1,275 properties. Over the last 5 years, Houses in Mallacoota have seen a 60.85% increase in median value, while Units have seen a 81.18% increase. As at 31 October 2024:

  • The median value for Houses in Mallacoota is $512,778 while the median value for Units is $397,058.
  • Houses have a median rent of $2,100 while Units have a median rent of $1,675.
There are currently 39 properties listed for sale, and 9 properties listed for rent in Mallacoota on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Mallacoota.

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Kerri Warren
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