FOR THE MARKET WATCHER
THIS RESIDENTIAL ALLOTMENT IN WHAT IS A NEW DEVELOPMENT AREA OF COLES BAY, IS LISTED FOR SALE AT A MORE THAN RESONABLE ASKING PRICE. WITHIN WALKING DISTANCE TO RICHARDSON'S BEACH, THE WORLD RENOWNED FREYCINET NATIONAL PARK AND THE TOWNSHIP OF COLES BAY ITSELF. THE BLOCK SIZE IS APPROXIMATELY 1000M2, GENTLY SLOPING, WITH A PUBLIC WALKWAY TO ONE SIDE OF THE PROPERTY THAT PROVIDES ACCESS TO RICHARDSON'S BEACH AND FURTHER TO THE FREYCINET LODGE. THIS BLOCK ALSO HAS THE POTENTIAL TO ACHIEVE GOOD VIEWS OF THE EVER CHANGING HAZARDS WITH THE DEVELOPMENT OF A 2 STOREY HOUSE (STCA).
The size of Coles Bay is approximately 106.9 square kilometres. It has 3 parks covering nearly 47.6% of total area. The population of Coles Bay in 2011 was 307 people. By 2016 the population was 365 showing a population growth of 18.9% in the area during that time. The predominant age group in Coles Bay is 60-69 years. Households in Coles Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Coles Bay work in a managers occupation. In 2011, 64.1% of the homes in Coles Bay were owner-occupied compared with 71.7% in 2016.
Coles Bay has 901 properties. Over the last 5 years, Houses in Coles Bay have seen a 116.39% increase in median value, while Units have seen a 151.43% increase. As at 31 August 2024:
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