16 Shell Cove Lane, Korora is a 11 bedroom, 5 bathroom Unit with 5 parking spaces and was built in 1975. The property has a land size of 1257m2.
LOCATED WITHIN A 100M LEVEL WALK TO THE BEACH IS THIS FANTASTIC INVESTMENT OPPORTUNITY. A RARE OPPORTUNITY IN THIS LOCATION, THE PROPERTY CONSISTS OF FIVE STRATA-TITLE UNITS. THERE IS ACCESS TO A SHARED POOL AND EACH UNIT HAS ITS OWN UNDERCOVER PARKING SPACE. THERE ARE FOUR 2 BEDROOM UNITS AND ONE 3 BEDROOM UNIT. THIS IS A SOLID INVESTMENT THAT WILL HAVE CAPITAL GAINS IN THE FUTURE, AS A WHOLE BLOCK OR INDIVIDUAL UNITS.
The size of Korora is approximately 16.7 square kilometres. It has 8 parks covering nearly 41% of total area. The population of Korora in 2011 was 2,224 people. By 2016 the population was 2,494 showing a population growth of 12.1% in the area during that time. The predominant age group in Korora is 50-59 years. Households in Korora are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Korora work in a professional occupation. In 2011, 69.8% of the homes in Korora were owner-occupied compared with 71.7% in 2016.
Korora has 1,516 properties. Over the last 5 years, Houses in Korora have seen a 54.97% increase in median value, while Units have seen a 50.78% increase. As at 31 August 2024:
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