1/38 Correa Close, Tuncurry NSW 2428
1/38 Correa Close, Tuncurry NSW 2428
Villa on 759mΒ² lot | 3 bed, 2 bath | Larger-than-typical strata land | Mid-Coast Council area
This property presents a specific configuration advantage as a strata-title villa occupying a substantial 759 square metre lot, a land size atypical for this form of housing. This combination offers a buyer the lower-maintenance benefits of a villa with a greater sense of space and privacy normally associated with a house, positioning it for owner-occupiers seeking a manageable footprint or investors targeting families desiring room. The absence of noted flood or heritage constraints simplifies due diligence.
The primary decision rests on the strata scheme’s specifics and the value of the larger lot, as these unconfirmed details govern future costs and capital growth. Proceed only after verifying strata fees, capital works plans, and the practical utility of the land. The lack of recent comparable sales data requires a conservative valuation approach. This property is a hold for the long term to realise the value of its land component, not a short-term trade.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Tuncurry is a coastal suburb with strong appeal to downsizers and retirees, driving steady demand for its diverse housing mix. The house market has demonstrated solid growth, while the unit segment has shown recent volatility. Future prospects are supported by planned local infrastructure upgrades, though the market’s elevated position and a significant proportion of strata apartments present notable considerations for buyers.