OFF MARKET

480 Oak Forest Road
Kuranda QLD 4881

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 140m2
Land area: 7970m2
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Property Details for 480 Oak Forest Rd, Kuranda

480 Oak Forest Rd, Kuranda is a 3 bedroom, 2 bathroom House and was built in 2005. The property has a land size of 7970m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in April 2005.

Building Type
House
Year Built
2005
Floor Size
140m2
Land Size
7970m2
Local Government
Mareeba
Lot/Plan
7/RP725850

Last Listing description (August 2014)

BARGAIN ALERT! Korowa Corner Store + Accommodation On 4.42 Acres
Owners circumstances have changed - IT MUST BE SOLD! They have reluctantly slashed their price to the bone.
The Korowa Store has been an iconic landmark in Kuranda many years and is reluctantly offered for sale by the same family that have run it since the 1970's. Locally famous for its excellent fish n' chips and friendly convenience shopping, the store services both a local aboriginal community and surrounding residents from the Myola area.

* The Korowa Store is being sold Freehold & has a 3 x 3 year Commercial lease in place with a fuss free income guaranteed at $280 per week
* Two enormous flats sit below the property. These two residences are created from solid concrete and require finishing. One part used to be the local laundry which could easily be resurrected as a lucrative additional business.
* Both units are rented out at a total of $150 per week (this can be easily improved)
* Total income $430 per week with POTENTIAL FOR SO MUCH MORE!!
* Zoned Shop-Single - Council rates $2300 pa
* Septic Waste system
* The property has its own water supply
* Situated on 1.79 Ha (4.42 Acres) Mainly rainforest with a clearing at the top and plenty of customer street parking
* Only 8 kms on a sealed road from the Kuranda traffic lights
* Reason for sale: Deceased Estate
This unique Kuranda property has enormous potential to be so much better with a little TLC. A terrific Set & Forget investment for the future. Urgently priced for a quick sale!
Owners will consider all serious offers
...
Additional feature/s - ....

Property History for 480 Oak Forest Rd, Kuranda, QLD 4881

A timeline of how this property has performed in the market
Last Sold
$260,000
06 Apr 2005
  • 14 Dec 2013
    Listed for Sale OFFERS OVER $220,000
  • 11 Sep 2012
    Listed for Sale $290,000'S ALL SERIOUS OFFERS CONSIDERED
  • 06 Apr 2005
    Sold for $260,000
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About Kuranda 4881

The size of Kuranda is approximately 110.8 square kilometres. It has 13 parks covering nearly 55.6% of total area. The population of Kuranda in 2011 was 2,966 people. By 2016 the population was 3,005 showing a population growth of 1.3% in the area during that time. The predominant age group in Kuranda is 50-59 years. Households in Kuranda are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kuranda work in a professional occupation. In 2011, 71.4% of the homes in Kuranda were owner-occupied compared with 68.5% in 2016.

Kuranda has 1,643 properties. Over the last 5 years, Houses in Kuranda have seen a 70.28% increase in median value, while Units have seen a -33.19% decrease. As at 31 October 2024:

  • The median value for Houses in Kuranda is $690,822 while the median value for Units is $357,339.
  • Houses have a median rent of $595.
There are currently 58 properties listed for sale, and 3 properties listed for rent in Kuranda on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Kuranda.

Suburb Insights for Kuranda 4881

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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.