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Sold on 25 Sep 2024 for $240,000

2/26-28 Martin Street
Coraki NSW 2471

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 2/26-28 Martin St, Coraki

2/26-28 Martin St, Coraki is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Coraki in the last 12 months.

Building Type
Unit
Local Government
Richmond Valley
Lot/Plan
2/SP48920

Last Listing description (September 2024)

*** 24th August Open home cancelled ***

High rental yield property with significant price reduction.

Attention investors and first home buyers!

Seize this exceptional opportunity to acquire a property that could fetch $330-$360 per week, meaning a solid cash flow and excellent return on investment. This property is perfectly poised for those looking to expand their portfolio or crack into the Northern Rivers property market.

Whether you're looking to move in or rent out, this property has many great features:

- Fully fenced yard with garden space and rain water tank
- Pet friendly complex
- Hardwood timber floors
- 6.7 k/w solar power system with additional battery for storage
- Secure parking
- Wrap-around balcony

At this price it won't last, so don't miss out- Opportunities like this are few and far between. Contact Mark Ronan today on 0432 052 315 to arrange an inspection and secure your future with this high-yield property.

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.

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Property History for 2/26-28 Martin St, Coraki, NSW 2471

A timeline of how this property has performed in the market
Last Sold
$240,000
25 Sep 2024
Listed for Rent
$230/w
27 May 2015
  • 25 Sep 2024
    Sold for $240,000
  • 17 Oct 2023
    Listed for Sale Not Disclosed
  • 24 Feb 2022
    Listed for Sale Not Disclosed
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About 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 705 properties. Over the last 5 years, Houses in Coraki have seen a 43.29% increase in median value, while Units have seen a 67.02% increase. As at 30 September 2024:

  • The median value for Houses in Coraki is $437,738 while the median value for Units is $401,627.
  • Houses have a median rent of $460.
There are currently 9 properties listed for sale, and no properties listed for rent in Coraki on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Coraki.

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Mark Ronan
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