OFF MARKET

22/24 Morgan Road
Coffin Bay SA 5607

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1556m2
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Property Details for 22/24 Morgan Rd, Coffin Bay

Building Type
Land
Land Size
1556m2
Local Government
Lower Eyre Peninsula

Last Listing description (June 2023)

Vacant blocks of land in this part of Coffin Bay are now extremely hard to come by. These 2 blocks are adjoining and provide an investor the opportunity to have 36 meters of road frontage to Morgan Road, creating many options to capitalise on the strong demand for holiday homes and rentals in Coffin Bay.
Both blocks have a large amount of natural vegetation varying from mature Shea oaks and Tea Trees, to Tempeltonias and assorted ground covers. All services are available but not connected. Both blocks total 1556m2 or separately they are 777m2 each.
Located at the northern end of Morgan Road, it is only a short drive to the boat ramp and an easy stroll to the Coffin Bay Hotel, and just a bit further to the supermarket. The Coffin Bay Recreational Park is close by, great for walking the dog, watching the grandies carving up the skate park, and this is also a quiet, peaceful part of Coffin Bay. Ideal for an investor or maybe someone looking to land bank a special part of the Eyre Peninsula. Being offered for sale individually for $130,000 or purchase both for $200,000 Give Mike a call on 0428854020 to organise an inspection.

Property History for 22/24 Morgan Rd, Coffin Bay, SA 5607

A timeline of how this property has performed in the market
  • 23 Jun 2023
    Listed for Sale Not Disclosed

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About Coffin Bay 5607

The size of Coffin Bay is approximately 360.9 square kilometres. It has 14 parks covering nearly 86.5% of total area. The population of Coffin Bay in 2011 was 613 people. By 2016 the population was 613 showing a stable population in the area during that time. The predominant age group in Coffin Bay is 60-69 years. Households in Coffin Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coffin Bay work in a managers occupation. In 2011, 77.4% of the homes in Coffin Bay were owner-occupied compared with 79.5% in 2016.

Coffin Bay has 1,032 properties. Over the last 5 years, Houses in Coffin Bay have seen a 140.71% increase in median value, while Units have seen a 9.16% increase. As at 31 August 2024:

  • The median value for Houses in Coffin Bay is $584,010 while the median value for Units is $352,465.
  • Houses have a median rent of $440.
There are currently 10 properties listed for sale, and 1 property listed for rent in Coffin bay on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Coffin bay.

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