24
Hill
Street
coffs harbour
NSW,
2450
$1,050,000
7
2
4
Land: 1012 sqm
INVEST FOR THE FUTURE
This prime investment opportunity in Coffs Harbour is just a short stroll from the CBD and offers incredible potential for both immediate rental income and future development. The property spans 1012m² and is zoned R4 High Density, making it ideal for future projects such as apartments or townhouses.
Currently, the property features dual occupancy with two well-maintained villas. The first villa includes three bedrooms, one bathroom, and two car spaces, and is rented for $530 per week. The second villa has four bedrooms, one bathroom, and two car spaces, generating $620 per week in rental income.
The total rental income of $1150 per week provides a 5.7% gross yield. With its mostly level block and convenient rear lane access, the property is perfect for future development plans whilst still attracting a good rent return.
Situated within walking distance of the Coffs Harbour CBD, this property offers easy access to shopping, dining, and entertainment, enhancing its attractiveness for potential future residential projects.
This exceptional property is a rare find for investors looking to secure a foothold in a rapidly growing area with significant future capital growth potential. Invest in your future with this prime Coffs Harbour property and watch it grow.
Council Rates: $5535.00 Per Annum
Agents
Nearby Schools
About coffs harbour
median house price
790000suburb growth
3.9%median house rent
650suburb rental yield
4.3%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
