Korora at a glance
2,820
People
$1,100,000
Median sale
$754/wk
Median rent
3.56%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
NSW › Korora › Korora Bay Dr
3
Bedrooms
2
Bathrooms
2
Car spaces
1,830 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Korora (last 5 years) with land size have a median of $1,461/m² of land (n=67). Districts calculation from recorded sales — not a valuation.
Korora at a glance
2,820
People
$1,100,000
Median sale
$754/wk
Median rent
3.56%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $754/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Korora at a glance
2,820
People
$1,100,000
Median sale
$754/wk
Median rent
3.56%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Coffs CoastThis beachside home on an unbelievable block of 1830m2 is certainly a rarity. The wow factor is immediately evident - the ocean views, the elevation and the outstanding privacy are just the beginning. This is a private oasis with beautiful gardens, positioned on a very special block of land, and with views that you will never tire of.
Thanks to the well thought-out floor plan, the residents can sleep, live and entertain all the one level. The spacious undercover balcony with pitched roof will be your regular go-to for living, relaxing, entertaining and enjoying the ocean views. And with the great kitchen right at your fingertips, the house is very welcoming for family, friends and guests. The living room looks out to the trees and ocean with its floor-to-ceiling windows and glass doors. Timber flooring and the sunny interiors give this level of the home the perfect coastal ambience. The second smaller living space is currently utilised as the bar, where people choose their beverage of choice before heading out to the balcony and the views. But this room could also make an ideal second living/TV room or office.
Downstairs the family or guests will sleep well with two more bedrooms, main bathroom, and access out to the undercover terrace with spa. On this level there is also the laundry as well as ample under-house storage and wine cellar. Step outside and you're immediately greeted by birds and native wildlife. Gardeners will be delighted by the beautiful established gardens with the variety of fruit-bearing and native trees.
The spacious double garage adjoins the home and offers room for work benches and extra storage. The sand and surf of Korora Bay is within short walking distance of the front door where morning and evening strolls will soon become a daily ritual. The recommended local primary school, Kororo Public, is close by so buyers wanting to be in this school catchment will be excited by this property.
With regards to the beautiful parcel of land, this is a split zoned lot (R2 Low Density Residential and E2 Environmental Protection) so development/subdivision may be permissible subject to council approval and development consent.
Your new peaceful sea change awaits along with the delightful Korora neighbourhood and its unspoilt coastal landscape.
Council rates $3631pa
Land area 1830m2
Disclaimer: Agent does not guarantee accuracy of the information. Purchasers need to make their own independent enquiries
Listing description written by Caroline Campbell, First National Real Estate Coffs Coast — reproduced as published, not verified by Districts.