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Sold on 28 Dec 2023 - Price Unavailable

29 Spinks Road
East Corrimal NSW 2518

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 722m2
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Property Details for 29 Spinks Rd, East Corrimal

29 Spinks Rd, East Corrimal is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 722m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 8 bedroom BlockOfUnits sold in East Corrimal in the last 12 months.

Building Type
BlockOfUnits
Land Size
722m2

Last Listing description (December 2023)

Location, Location, Location! This charming block of units is ideally situated just a short stroll from the pristine shores of East Corrimal's patrolled Beach, IGA, cafes, schools, a scenic cycleway, parks, and convenient public transport.

Comprising 4 spacious 2-bedroom units, each thoughtfully designed on a single easy level, this property boasts off-street parking and north-facing living areas for optimal sunlight. External laundries add to the practicality of these units, ensuring a comfortable and convenient lifestyle.

This property presents a fantastic opportunity for future renovations, adding significant value to your investment. Set on a generous, level block with an impressive 15.24-meter frontage and a total area of 722 square meters, the property is zoned R2, offering further development potential.

Perfect for savvy investors looking to diversify their portfolio, this property is an excellent option for (SMSF) Self-Managed Superannuation fund investment, yielding an impressive rental return of just over $71,000 per annum.

All inspection need to be arranged through agents.

The Important Numbers:
Council Rates - $4,087pa
Water Rates - $1,150pa

*This advertising has been prepared by MMJ Real Estate (MMJ) for the purpose of advertising and general information only. MMJ do not guarantee, represent, or warrant that the information contained in this advertising is correct. Any interested party should undertake their own inquiries as to the accuracy of the information published.

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Property History for 29 Spinks Rd, East Corrimal, NSW 2518

A timeline of how this property has performed in the market
Last Sold
28 Dec 2023
Listed for Rent
$270/w
18 Apr 2016
  • 28 Dec 2023
    Sold for $1,720,000
  • 20 Nov 2023
    Listed for Sale Not Disclosed
  • 18 Apr 2016
    Listed for Rent $270 / week
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About East Corrimal 2518

The size of East Corrimal is approximately 1.4 square kilometres. It has 10 parks covering nearly 7.7% of total area. The population of East Corrimal in 2011 was 3,159 people. By 2016 the population was 3,416 showing a population growth of 8.1% in the area during that time. The predominant age group in East Corrimal is 30-39 years. Households in East Corrimal are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Corrimal work in a professional occupation. In 2011, 58.7% of the homes in East Corrimal were owner-occupied compared with 57.6% in 2016.

East Corrimal has 1,741 properties. Over the last 5 years, Houses in East Corrimal have seen a 67.54% increase in median value, while Units have seen a 39.81% increase. As at 31 October 2024:

  • The median value for Houses in East Corrimal is $1,306,748 while the median value for Units is $694,017.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 5 properties listed for sale, and 6 properties listed for rent in East corrimal on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in East corrimal.

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