This unique property has to be seen to be believed. There is council approval for dual occupancy, with a 2 bedroom apartment separate to the main 8 bedroom house. There is also a separate 1 bedroom apartment adjoining the main house. All have patios and balconies with ocean views and access to the expansive pool area. There is also DA Approval for a third house to be built on the property that will also have ocean views. The possibilities are endless..... several families co existing, or one large or extended family has the main house, and rents out the separate apartment. Currently the house has been let to executives and has achieved rental returns of an average of $3000p/w for the last 3 years. With these sort of figures, for the astute investor, you may choose to live in the apartment, and rent out the main house. The house is fully furnished, and the vendor has offered to accept discussions about the inclusion of this with the sale. Now the owners have moved back in with the sale of the property their main objective. Please call to have a private inspection, as there will be no open houses for this listing.
The size of Korora is approximately 16.7 square kilometres. It has 8 parks covering nearly 41.0% of total area. The population of Korora in 2016 was 2488 people. By 2021 the population was 2740 showing a population growth of 10.1% in the area during that time. The predominant age group in Korora is 60-69 years. Households in Korora are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Korora work in a professional occupation.In 2021, 76.10% of the homes in Korora were owner-occupied compared with 71.70% in 2016.
Korora has 1,522 properties. Over the last 5 years, Houses in Korora have seen a 28.46% increase in median value, while Units have seen a 74.79% increase. As at 31 March 2026:
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