19 Ferntree Place Korora – Sold for $410,000

Description

Located in sought after Korora, this 624m² parcel of land comprises a 1 bedroom self contained studio (granny flat) plus a building envelope for your new home. Fantastic opportunity to hold as an investment in the short term as the studio would rent for approx. $250 to $300p/w in the current buoyant rental market. Alternatively you could live in the studio and stop paying rent whilst you are ready to start designing and building your dream home. The block is set down off the access road with an elevated outlook that lends itself perfectly to a 2 story residence. The studio features an open plan living area with kitchen, gas cooking & hot water and a separate bedroom with a private deck with scenic valley views. Only a short walk to the popular Korora primary school and under a 10 minute drive to beautiful beaches and the Coffs Harbour city centre. This income producing property has loads of potential and is a perfect entry level opportunity into the blue chip Coffs Coast property market. Get in while you can.

INSPECTION BY APPOINTMENT ONLY!