225 Harbour DriveCoffs Harbour NSW 2450
Property Details for 225 Harbour Dr, Coffs Harbour
Last Listing description (October 2021)
A rare chance to secure this DA approved site in one of NSW's highest growth areas. The property is well located next to a TAFE college, hospital and Southern Cross University. This opportunity allows a savvy developer or investor to secure a boutique investment in a growing market that will provide strong positive cash flow and a high yield on completion.
A popular development concept throughout Sydney, and a perfect fit for meeting the needs of our local rental market. Situated between the CBD and Jetty precincts. Once complete the property will help to supply a much needed sector of our residential rental market. Coffs Harbour suffers from a persistent lack of affordable rental and student boarding accommodation. With some of the best education facilities available in a regional centre, affordable and modern rental properties for singles and couples is difficult to find.
Economical to construct and an attractive income potential, it's a first in providing a lower risk option for reliable income and depreciation for long term investors.
KEY FEATURES
- DA approved for 10 self contained studio apartments
- Estimated rental income ($/room): $300 per week
- Close to amenities
- Construction estimate: $920,000 - $950,000
- Zoning: R3 Medium Density Residential
- DA and plans available on request
- Current income: $16,640 per annum
AUCTION: This Saturday 28th August 2021 - ONLINE AT 11:00AM
To pre-register or to follow the live-stream of the auction please see the link below:
https://auctionnow.com.au/properties/74371
Land size: 500m2 (approx.) - Rates: $3,156pa (approx.)
Property History for 225 Harbour Dr, Coffs Harbour, NSW 2450
- 23 May 2025Sold for $1
- 28 Aug 2021Sold for $640,000
- 31 May 2021Listed for Sale $620,000 (negotiable)
Recent sales nearby
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About Coffs Harbour 2450
The size of Coffs Harbour is approximately 46.3 square kilometres. It has 52 parks covering nearly 16.3% of total area. The population of Coffs Harbour in 2016 was 25752 people. By 2021 the population was 27089 showing a population growth of 5.2% in the area during that time. The predominant age group in Coffs Harbour is 60-69 years. Households in Coffs Harbour are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coffs Harbour work in a professional occupation.In 2021, 57.30% of the homes in Coffs Harbour were owner-occupied compared with 56.00% in 2016.
Coffs Harbour has 16,883 properties. Over the last 5 years, Houses in Coffs Harbour have seen a 55.35% increase in median value, while Units have seen a 54.22% increase. As at 30 November 2025:
- The median value for Houses in Coffs Harbour is $807,543 while the median value for Units is $589,022.
- Houses have a median rent of $630 while Units have a median rent of $560.
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