111 Richmond TerraceCoraki NSW 2471
Property Details for 111 Richmond Tce, Coraki
Last Listing description (May 2022)
New to the market is a perfect investment opportunity for an astute buyer looking for an income steam along the banks of the Richmond River. 111 Richmond Terrace is one of the hubs of Coraki, a small rural Northern Rivers town situated within a 20 minute drive from the pristine beaches of Evans Head and a 20 minute drive to Lismore. The property includes a two-bedroom unit, and two popular shops currently rented as a Hairdresser and Caf.
The two spacious shop fronts are currently tenanted with a popular hair and a busy caf serving up beautiful barista coffee and delicious breakfast and lunch which can all be enjoyed whilst overlooking the river.
Attached to the caf is a neat and tidy renovated 2 bedroom unit. With polished timber floors throughout, this light filled unit ticks all the boxes. Boasting an open plan kitchen, dining and lounge area, a large renovated bathroom with a separate toilet, internal laundry. The back of the property is complete with a large lock up garage and an outdoor patio area perfect for a summer barbeque.
Please Contact Harry Wilson on 0413220436
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
Property History for 111 Richmond Tce, Coraki, NSW 2471
- 10 May 2022Sold for $220,000
- 19 Jan 2022Listed for Sale Expressions of Interest
- 30 Oct 2007Sold for $205,000
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0About Coraki 2471
The size of Coraki is approximately 28.1 square kilometres. It has 2 parks covering nearly 2.3% of total area. The population of Coraki in 2011 was 1,477 people. By 2016 the population was 1,286 showing a population decline of 12.9% in the area during that time. The predominant age group in Coraki is 10-19 years. Households in Coraki are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coraki work in a labourer occupation. In 2011, 71.8% of the homes in Coraki were owner-occupied compared with 71.3% in 2016.
Coraki has 713 properties. Over the last 5 years, Houses in Coraki have seen a 39.74% increase in median value, while Units have seen a 44.40% increase. As at 28 February 2025:
- The median value for Houses in Coraki is $433,497 while the median value for Units is $373,971.
- Houses have a median rent of $450.
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