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 › Shell Cove Ln
$1,310,000
Last sold
20 Oct 2023
3
Bedrooms
2
Bathrooms
4
Car spaces
626 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
$1,310,000
20 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Korora (last 5 years) with land size have a median of $1,452/m² of land (n=66). 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.
Vs Korora
+19.1%
Median sale
Suburb $1,100,000
-0.57 pp
Gross yield
Suburb 3.56%
Suburb median $1,100,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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
UnknownArea
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 CoastSharing a seaside secret
This beautifully renovated beachside home is a gem. The WOW factor greets you immediately - the flow of the home, the stunning interiors and the privacy are just the beginning. This is a private oasis with the day-long sound of the ocean, thanks to the home's close proximity to the beach.
Due to the clever floor plan residents can sleep, live and entertain on the ground floor without using any stairs. The indoor-outdoor living/entertaining areas welcome you with clean lines, beachy ambience and polished concrete flooring that flows from the inside out. With stacker windows and doors between the kitchen/living and the inviting front garden, this is a paradise for entertaining and enjoying the coastal environment. The front yard is the go-to with the undercover alfresco area, lawn and private, tropical feel.
The chef in the house will be very happy in the kitchen as the windows and servery make entertaining and gathering very inclusive. The contemporary kitchen is a joy with ample bench and drawer/cupboard space and high quality appliances. With a separate dining area and access at the rear to the second garden/yard, there is always an ideal protected space for entertaining and relaxing. At the back of the property you will find the oversized double garage plus parking spaces for two more vehicles. With gated access down the side of the house, the family's and visitors' cars can all be stored safely away from the road.
Still on the ground floor you will find the private master retreat with high ceilings, walk-in robe and beautiful ensuite. At the end of the day, this is a welcome hideaway and sleeping zone, without the need to take yourselves upstairs before retiring for the night. The laundry too doubles up as a downstairs powder room with toilet and hand basin.
Upstairs on the 1st floor, family or guests will sleep well with two more bedrooms plus the main bathroom, and again the peaceful backdrop of the ocean. They will never want to leave!
Daily walks at Korora Bay will become the ritual. The recommended local primary school makes this a great opportunity for purchasers wanting the school catchment. A peaceful seachange awaits in this popular beachside suburb, together with a fully refurbished home located in an unspoilt coastal landscape.
Council rates $4080pa
Listing description written by Caroline Campbell, First National Real Estate Coffs Coast — reproduced as published, not verified by Districts.
NSW 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.