Back 8/16 Arthur St
Off Market

8/16 Arthur St

Coffs Harbour NSW 2450

2
1
1
Unit
Last sold for $216,000
Adam CrossAdam Cross, last sold this property on 29 October 2017 after 32 days on market.

Overview

Beachside Apartment, Ripe for Renovation

A red hot renovation opportunity in a prime beachside location. Enjoying an elevated position on the 2nd floor with secure access and bomb proof double brick construction. This light filled North facing 2 bedroom apartment has only one common wall, enjoying light & breeze from three sides and a wrap around undercover balcony. Located smack bang in the middle of the Coffs Coast's popular Park Beach precinct, a growing tourist & lifestyle hub with patrolled beach & major shopping centre both easy walking distance. Easy to rent, with current tenant paying $210 per week. Single undercover car space & lockable storage room. * 2 bedroom second floor apartment in security complex. * A rare opportunity to renovate and add value. * Level 850m walk to beach, level 100m to Park Beach Plaza. * Ideal north-east aspect drawing plenty of natural light. * Large living/dining area, wrap around balcony. * Single u/cover car space, lockable storage room. * Currently rented at $210pw. Rates: $2,193pa (approx) Strata: $2,590pa (approx) Rent: $210pw (approx)

Features

2 bedrooms
1 bathroom
1 carspace
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Coffs Harbour over the last 12 months, the estimated median property value of 8/16 Arthur St is $490k.

Median value
$490k
Estimated value range
$385k - $805k
Median days on market
48
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Coffs Harbour. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8/16 Arthur St

2022
Rented
Undisclosed
Leased on 05 Oct 2022 by Coffs Coast Real Estate
2020
Rented
Undisclosed
Leased on 18 Mar 2020 by NSW Real Estate
2017
Sold
$216,000
29 Oct 2017 by Adam Cross, of NSW Real Estate

Happy sellers in Coffs Harbour

90%
90% of sellers in Coffs Harbour reported that their sale price either exceeded or met their price expectations.

Coffs Harbour stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 208 reviews in Coffs Harbour over the last 12 months.

Local market activity for 2 bedroom units in Coffs Harbour

In the last 12 months, 88 two-bedroom units similar to 8/16 Arthur St, have been sold.

This represents a 18% decrease in two-bedroom units sales when compared to the previous 12 months.

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