4/36 Sandy Beach RoadKorora NSW 2450
Property Details for 4/36 Sandy Beach Rd, Korora
4/36 Sandy Beach Rd, Korora is a 1 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 3299m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Last Listing description (August 2024)
Absolute beachfront investment apartment in Korora Bay, just minutes from Coffs Harbour. This large, spacious, well-appointed and fully self-contained 1 bedroom apartment is located in the award-winning Smugglers on the Beach resort complex. Offering a gross return of over $65,000 pa with consistently high occupancy rates in one of Coffs Harbour's favourite boutique resorts.
It is the ideal holiday apartment investment property or add to your investment portfolio and/ or SMSF at an entry-level price. It is also perfectly suited to regular work or lifestyle commitments on the Coffs Coast, have the perfect base to work from whilst on the Coffs Coast, and then holiday let it the rest of the time.
Features Summary
> Fully self-contained kitchen, large open plan lounge, dining area
> All furniture included.
> Air Conditioned, with its own private patio. It contains a Queen and single bed plus a fold-out so it can sleep 4 comfortably.
> Absolute beach frontage - The ideal family holiday location
> Award-winning resort, number #11 on Trip Advisors Small & Boutique Hotels in Australia!
> $65,169 gross income (22/23)
> Circa 6% plus net return
> The resort features a solar-heated pool, children's pool, BBQ cabana, tennis court, and lush tropical gardens
> Korora Bay activities include fishing, swimming, beach activities, and scenic coastal walks.
> Strata: $7,084 / Rates: $2,654 (included in net return)
> Owner stays capped at 28 nights per stay
Smugglers On The Beach is one of if not the premiere boutique beachfront resorts on the Coffs Coast, consistently ranking in the top 3 of all hotels on major booking sites (Tripadvisor, booking.com etc). The resort has had a number of recent upgrades which is sure to benefit any incoming owners.
All of this is only minutes away from the thriving regional centre of Coffs Harbour which includes quality dining and shopping, CBD, Airport, large newly renovated regional hospital, University and Tafe campus, Jetty Precinct and the often unknown beautiful hinterland of the Coffs Coast that has mountains, rolling green hills, sections of Gondwana Rainforest and captivating freshwater swimming holes.
The Coffs Coast is truly a natural paradise, being the first NSW's First Certified ECO Destination.
Rates: $2,841 pa (approx)
Strata: $7,084 pa (approx)
Property History for 4/36 Sandy Beach Rd, Korora, NSW 2450
- 09 May 2024Listed for Sale $429,000
- 13 Oct 2023Listed for Sale $445,000
- 18 Sep 2020Sold for $235,000
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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.
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