OFF MARKET

16 Shell Cove Lane
Korora NSW 2450

Bedrooms: 11
Bathrooms: 5
Car spaces: 5
Land area: 1257m2
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Property Details for 16 Shell Cove Lane, Korora

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.

Building Type
Unit
Year Built
1975
Land Size
1257m2
Local Government
Coffs Harbour
Lot/Plan
CP/SP38662

Last Listing description (September 2015)

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.

Property History for 16 Shell Cove Lane, Korora, NSW 2450

A timeline of how this property has performed in the market
Listed for Rent
$400/w
23 Mar 2016
  • 23 Mar 2016
    Listed for Rent - Price not available
  • 17 Jun 2015
    Listed for Sale $1,100,000

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About Korora 2450

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:

  • The median value for Houses in Korora is $1,037,442 while the median value for Units is $614,978.
  • Houses have a median rent of $720 while Units have a median rent of $535.
There are currently 23 properties listed for sale, and 6 properties listed for rent in Korora on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Korora.

Suburb Insights for Korora 2450

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.