6 Olen Close, Wooli NSW 2462
6 Olen Close, Wooli NSW 2462
3-bed coastal house | 847m² residential lot | flood and bushfire overlays | lifestyle buyer pull | simple 1-bath layout
A substantial 847m² residential lot is provided by the property, with a 205m² building footprint and three parking spaces arranged around a simple 3-bed, 1-bath house. In a tightly held coastal village like Wooli, that combination is uncommon, because most houses are either smaller cottages or more expensive lifestyle homes. The property is best suited to owners wanting a weekender or holiday-letting prospect, and to investors seeking a dependable coastal rental. The detached house format, generous land and proximity to the river and beach are genuine strengths, while the single bathroom and modest internal specification keep it an accessible entry point to the area’s lifestyle market.
The flood and bushfire overlays are the main factors likely to affect insurance premiums, and they may also shape any future redevelopment. The single bathroom and the probable age of the original construction might limit the price premium relative to larger or more recently updated houses. On the other hand, the large block, secure parking and outdoor entertaining area may support steady rental demand and resale interest. The absence of a heritage overlay may also leave more scope for future improvements within existing planning controls.
>> Comparable Sales: Little River Cottage sold at $820,000; 14 Olen Close, a larger 3-bed house nearby | Property Price Band: $1.0M-$1.1M | Value Drivers: land size, flood and bushfire overlays, simple 1-bath layout
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Olen Close, Wooli NSW 2462
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Wooli, a small coastal suburb in Clarence Valley, is a niche owner-occupier market. Population is 418, rental population just 9.34%. Demand comes from lifestyle and retirement buyers for 3- and 4-bedroom houses, but sales volume is thin at 15-19 annually. Median house prices sit between $800,000 and $860,000, with annual growth swinging from -7.22% to 7.5%. Houses take 84-104 days to sell, while vacancy is a tight 0.49%. Future growth drivers include coastal appeal and scarce supply; risks are affordability at these prices, rate sensitivity, car dependency due to limited public transport, and a low gross rental yield of 0.69%.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
847m²
URL has been copied successfully!