5/10-12 Tropic Lodge PlaceKorora NSW 2450
Property Details for 5/10-12 Tropic Lodge Pl, Korora
5/10-12 Tropic Lodge Pl, Korora is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1990. The property has a floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (August 2023)
Jacaranda at Tropic Oasis is a spacious 4 bedroom townhouse that's beautifully presented and benefits from complex facilities including 2 pools, a spa, bbq area and games room.
High ceilings, timber floors, feature windows and a crisp white colour palette set the tone as you walk through the open plan design with a sunken lounge room. The well-appointed kitchen features a dishwasher, plus loads of bench space and an effortless flow to the covered entertaining deck.
3 large bedrooms feature on the upper level and share the renovated main bathroom, while downstairs is much like a self-contained studio, with its own bedroom, living area, kitchenette and bathroom. It's a really versatile design that would be ideal for large or extended families, or you may choose to holiday or permanently let.
The current owners have successfully holiday let the property on AIRBNB and VRBO with a 4.7 out of 5 star rating. Bookings for the last 5 years show an average gross income of approximately $44,266 per annum. With booking fees, cleaning costs, council rates and strata fees deducted this still equates to a healthy net return of approximately $28,332 per annum.
The property is complete with air conditioning, a single car space and a huge lock up storage area and best of all it's only a 10 - 15 minute walk to the Beach.
For further information or to book a private viewing please contact The Edge Coffs Harbour.
Rates: $3,830pa (approx.) - Strata: $10,893pa (approx.)
Property History for 5/10-12 Tropic Lodge Pl, Korora, NSW 2450
- 13 Jul 2023Sold for $560,000
- 05 May 2023Listed for Sale $585,000
- 16 Feb 2012Listed for Sale $275,000
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0About 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 1,518 properties. Over the last 5 years, Houses in Korora have seen a 62.13% increase in median value, while Units have seen a 44.21% increase. As at 31 July 2024:
- The median value for Houses in Korora is $1,048,976 while the median value for Units is $626,942.
- Houses have a median rent of $720 while Units have a median rent of $540.
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