OFF MARKET

58A Mountain Ash Drive
Cooranbong NSW 2265

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 16 Dec 2024
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Property Details for 58a Mountain Ash Dr, Cooranbong

58a Mountain Ash Dr, Cooranbong is a 2 bedroom, 1 bathroom House with 1 parking spaces.

Building Type
House
Local Government
Lake Macquarie

Last Listing description (May 2024)

A Fantastic Investment

Ok all you savvy investors out there, this might just be the best investment on the market today with previous tenants paying in excess of $1000pw!

58 and 58a Mountain Ash Drive in idyllic Cooranbong is a dual key property that is a little over one year old - ideal for tax depreciation. So essentially it is two homes under the one roof, making it the perfect fit for your property portfolio, or perhaps for multi-generational families wanting to live together but with their own space.

The property comprises a three bedroom home with built ins in two and an ensuite plus walk in robe to the main, modern kitchen with stainless steel appliances, adjacent to the living area which flows out to the alfresco area and a big backyard, main bathroom, laundry and a single garage with internal access. In addition there is a two bedroom home with built in robes, modern kitchen with stainless steel appliances, an alfresco area overlooking the backyard, bathroom and a single garage.

Both homes have tiling throughout the living and traffic areas, with carpet to the bedrooms, ducted air conditioning and ceiling fans.

This one is going to go quickly!

Disclaimer: Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the owner or agent. Information is gathered from sources we believe to be reliable; we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

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

A timeline of how this property has performed in the market
  • 21 Mar 2024
    Listed for Sale $1,050,000
  • 21 Feb 2023
    Listed for Rent $460 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 26 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.

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