SOLD
Sold on 08 Jul 2024 for $1,030,000

58 Mountain Ash Drive
Cooranbong NSW 2265

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
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Property Details for 58 Mountain Ash Dr, Cooranbong

58 Mountain Ash Dr, Cooranbong is a 3 bedroom, 2 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Cooranbong in the last 12 months.

Building Type
House
Local Government
Lake Macquarie
Lot/Plan
110/DP1277949

Last Listing description (July 2024)

2023-BUILT, DUAL-OCCUPANCY WITH OUTSTANDING YIELD - COORANBONG

Located in the thriving suburb of Cooranbong, this modern dual occupancy property offers a modern investment with outstanding yield (conservative approximation of 5%)

Ranked #4 in Newcastle/Lake Macquarie for capital growth over the past five years with 84.5% (source: Newcastle Herald – June 2024), Cooranbong is proven as a blue-chip suburb for investment with the outstanding yield of the property offering a quality rental income.

Savvy investors will quickly identify the immediate potential of this home, and with vacancy rates at all time lows, high quality tenants will be lining up to secure this modern home.

Features include, but are not limited to:

Three bedroom, two-bathroom home (Rental appraisal $570/week)

• Three modern bedrooms, all appointed with built-in robes, ducted air-conditioning and ceiling fans. Master bedroom featuring ensuite, walk-in robe.

• Modern kitchen with stone benchtops, gas cooktop, plenty of bench space and stainless-steel appliances.

• Large open plan living and dining area, perfect for the modern family and leading seamlessly onto the alfresco area.

• Concreted and fully covered alfresco area overlooking a fully fenced and low-maintenance yard.

Two bedroom, one-bathroom home (Rental appraisal $470/week)

• Two modern bedrooms, appointed with built-in robes, ducted air-conditioning and ceiling fans.

• Modern kitchen with stone benchtops, gas cooktop, plenty of bench space and stainless-steel appliances.

• Open plan living and dining area, perfect for the modern family and leading seamlessly onto the alfresco area.

• Concreted and fully covered alfresco area overlooking a fully fenced and low-maintenance yard.

Additional features: 2023-build in great condition, ducted air-conditioning system, only 4-5 minutes from M1 Motorway,

The convenience of being close to local shops, schools (public and private), Avondale University and the M1 Motorway make it appealing to all buyers seeking a central location between Sydney and Newcastle.

Quality dual-occupancy properties are extremely sought-after and do not last long so get in quick and take advantage of this opportunity.

Rental Appraisal: $1,040/week ($570/week for three bedroom, $470/week for two bedroom) with the Ellejayne Property Management and Investor Club

DISCLAIMER
Ellejayne Realty have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 58 Mountain Ash Dr, Cooranbong, NSW 2265

A timeline of how this property has performed in the market
Last Sold
$1,030,000
08 Jul 2024
  • 08 Jul 2024
    Sold for $1,030,000
  • 12 Jun 2024
    Listed for Sale UNDER CONTRACT
  • 21 Feb 2023
    Listed for Rent $560 per week

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About Cooranbong 2265

The size of Cooranbong is approximately 70.4 square kilometres. It has 12 parks covering nearly 14% of total area. The population of Cooranbong in 2011 was 5,029 people. By 2016 the population was 5,459 showing a population growth of 8.6% in the area during that time. The predominant age group in Cooranbong is 20-29 years. Households in Cooranbong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cooranbong work in a professional occupation. In 2011, 67.8% of the homes in Cooranbong were owner-occupied compared with 70% in 2016.

Cooranbong has 3,825 properties. Over the last 5 years, Houses in Cooranbong have seen a 67.64% increase in median value, while Units have seen a 45.48% increase. As at 30 November 2024:

  • The median value for Houses in Cooranbong is $905,359 while the median value for Units is $549,900.
  • Houses have a median rent of $640 while Units have a median rent of $375.
There are currently 27 properties listed for sale, and 15 properties listed for rent in Cooranbong on OnTheHouse. According to CoreLogic's data, 205 properties were sold in the past 12 months in Cooranbong.

Suburb Insights for Cooranbong 2265

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.