8/36 Sandy Beach RoadKorora NSW 2450
Property Details for 8/36 Sandy Beach Rd, Korora
8/36 Sandy Beach Rd, Korora is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 3258m2 and floor size of 60m2.This Property is currently listed for sale with CENTURY 21 Coffs Coast
Last Listing description (November 2024)
Nestled on the pristine shores of Korora Bay, this spacious, self-contained one-bedroom apartment in the renowned Smugglers on the Beach resort offers a rare opportunity to invest in a true beachside escape. Just minutes from vibrant Coffs Harbour, this apartment delivers impressive returns and an ideal location for a coastal getaway.
With a gross income exceeding $60k per year and a steady, high occupancy rate, this property offers a strong investment opportunity with the flexibility to cater to your lifestyle needs. Whether you're looking for a reliable addition to your portfolio or a base for your Coffs Coast visits, this is an entry-level beachfront gem with endless potential.
With additional recent upgrades, Smugglers on the Beach is consistently rated among the best boutique hotels in Coffs Coast on sites like TripAdvisor and Booking.com, enhancing appeal for both investors and visitors.
The Ultimate Coffs Coast Lifestyle
Beyond the resort, you're just moments from the thriving Coffs Harbour CBD with its gourmet dining, boutique shopping, airport, university, and renowned Jetty Precinct. Surround yourself with natural beauty, including the nearby Gondwana Rainforest, stunning mountain vistas, and sparkling freshwater swimming spots.
The Coffs Coast is Australia's first ECO-certified destination – an unspoiled natural haven, perfect for those who value sustainable living in a paradise-like setting.
Apartment Highlights
- Fully Self-Contained: A spacious open-plan layout includes a fully equipped kitchen, dining, and lounge area, all designed for easy living.
- Completely Furnished: Turn key investment with everything included.
- Comfortably Sleeps Four: With a queen bed, single bed, and fold-out option, sleeps a multitude of guest dynamics.
- Private Deck: Only upstairs 1 bedroom on the end of the apartment block, with ocean glimpses.
Resort Features
As part of the award-winning Smugglers on the Beach, rated in TripAdvisor's Top 11 Boutique Hotels in Australia, you'll enjoy access to:
- A solar-heated pool and toddlers's pool.
- A 1/2 tennis court, BBQ cabana, and lush, tropical gardens.
- Stunning beachfrontage, ideal for family holidays, scenic walks, swimming, fishing, and so much more.
Investment Returns
Annual Gross Income: $61,770 (23/24) / $63,790 (22/23)
Net Return: 5.75% (Approx)
Rates: $2,841 pa (approx.)
Strata: $7,084 pa (approx.)
**Every effort has been made to ensure the accuracy of the information provided in this listing. However, we do not warrant the completeness or reliability of the details. Buyers are encouraged to conduct their own due diligence and verify the information through independent sources. Property details are subject to change without notice.
Property History for 8/36 Sandy Beach Rd, Korora, NSW 2450
- 31 Oct 2024Listed for Sale $420,000
- 10 Aug 2012Sold for $158,000
- 18 Jul 2012Listed for Sale Offers Over $160,000
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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 1,511 properties. Over the last 5 years, Houses in Korora have seen a 52.67% increase in median value, while Units have seen a 61.48% increase. As at 30 September 2024:
- The median value for Houses in Korora is $1,016,436 while the median value for Units is $667,155.
- Houses have a median rent of $705 while Units have a median rent of $550.
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