OFF MARKET

Martindale Street
Coffin Bay SA 5607

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 59500m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Sep 2024
Low

High
Save

Property Details for Lot 602 Martindale St, Coffin Bay

Lot 602 Martindale St, Coffin Bay is a 0 bedroom, 0 bathroom House. The property has a land size of 59500m2.

Building Type
House
Land Size
59500m2
Local Government
Lower Eyre Peninsula

Last Listing description (January 2024)

Encompassing some 5.95 hectares of untouched natural coast heath, surveying a stunning coastal vista from a variety of elevated platforms and flanking one of the most vibrant community hubs in the region, this versatile slice of real estate has bucket list written all over it...

Property summary:
5.95-hectare land parcel located on the fringe of Coffin Bay, Gradual incline over the allotment to a height of 16.7m creating attractive views of the Bay and surrounding National Parks, Mains power and water abut the land allowing for easy implementation of these facilities, Sealed road access off Martindale Street, Subdivision potential (STCC) - currently zoned deferred urban which allows a division of up to 4 allotments annually (possible change of zoning to residential in 2017), Short walk to Long Beach and the National Park, Approx. 40kms to Port Lincoln airport.

Property Tour:
From a holidaymaker perspective, this one will tug at the heart strings and is likely to ignite a flurry of vision. Develop your home away from home on this incredible coastal slate, treat yourself to a sea change and make the Bay your permanent address, or divvy up the allotment amongst family and create an unparalleled holiday haven to be passed through from generation to generation.

To the eye of a savvy investor, your immediate focus should be the obvious subdivision potential that is in play. Capitalise on the Deferred Urban Zoning and generate a handful of larger allotments, cast your eye over the subdivision projection that we have in hand and divide in stages, or sit tight on what is the last substantial land parcel available in Coffin Bay until further opportunity knocks.

Regarded as "The Jewel of South Australia", boasting some of the finest beaches and seafood in the world and a mere half day commute from the Eastern Seaboard, Coffin Bay is 'that place'. The place where families return year after year, the place where that first fish is reeled in and the place where good wine is consumed and lifetime memories are etched.

Nestled in the thick if a buzzing community, offering an arena of outdoor adventure for curious little minds and tapping into a smorgasbord of infrastructure from its miles from anything yet close to everything position; without a doubt, this will be the land allotment that you will wish you had purchased if you don't enquire swiftly.

Town Facilities:
Two general stores, post office, hotel/motel, ambulance station, Caravan Park, church and community sports and yacht clubs. Coffin Bay also has a world-renowned thriving aquaculture industry.

Property History for Lot 602 Martindale St, Coffin Bay, SA 5607

A timeline of how this property has performed in the market
  • 09 Jan 2024
    Listed for Sale Not Disclosed
  • 22 Dec 2016
    Listed for Sale Lot 601 $650,000 & Lot 602 $690,000-$710,000

Commute Calculator

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.

Suburb Insights for Coffin Bay 5607

Market Insights
Coffin Bay Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Coffin Bay Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.