11 Kolinda Drive, Old Bar NSW 2430
11 Kolinda Drive, Old Bar NSW 2430
5 bed family home | 1.28ha semi-rural acreage | no overlays | pool & multiple living areas | short drive to beaches
This property presents a competitively priced, large-scale family holding in a location that balances seclusion with convenience. Its five-bedroom configuration on over three acres, absent any bushfire or flood overlays, is a rare and lower-risk offering for the area, directly serving a buyer seeking space and lifestyle without common regulatory complications. The combination of substantial formal and casual living areas, a pool, and extensive outdoor entertainment infrastructure supports a multi-generational or large-family use case, positioning it as a turnkey lifestyle purchase rather than a development play. Its reliable internet connectivity, while not a primary driver, substantiates modern work-from-home needs, enhancing its functional appeal for professional families.
The decision hinges on its upper-mid-range positioning within Kolinda Drive’s sales spectrum, where its lower bathroom and garage count relative to recent premium sales may cap resale appeal against newer or more lavishly appointed homes. The three-year appreciation from its 2021 sale price aligns with strong market growth, yet the current listing near the top of its estimated value range demands scrutiny; paying above the median comparable value would require a premium justification not clearly evidenced by its specification. A buyer should proceed with an offer strategy anchored to the demonstrated sales data for direct three to five-bedroom comparables, viewing this as a long-term hold to amortize the value of its land asset. For a purchaser whose needs match its specific layout, it represents a sound, albeit not exceptional, opportunity to secure a established home in a consistent market.
Recent comparable sales on Kolinda Drive establish a clear value corridor:
– 27 Kolinda Dr: $971,000 (3 bed, 3 bath, 4 car) Feb 2024
– 5 Kolinda Dr: $1,016,000 (beds/baths unknown) Dec 2021
– 10 Kolinda Dr: $1,300,000 (4 bed, 4 bath, 3 car) Jun 2024
– 3 Kolinda Dr: $1,350,000 (6 bed, 5 bath, 5 car) Sep 2024
– 28 Kolinda Dr: $1,320,000 (5 bed, 3 bath, 5 car) Jan 2022
This data places the subject property’s $1,175,000 ask as plausible against lower-specification homes but requires it to justify a significant value deficit against newer five-bedroom sales with superior bathroom and garage counts. The inference is that its price accurately reflects its current offering, leaving little room for speculative upside without capital investment to align it with top-tier comparables.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Kolinda Drive, Old Bar NSW 2430
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Market Insight
Old Bar presents as a mature coastal market with a property profile currently assessed as overvalued relative to its long-term trajectory. Demand appears steady, supported by consistent sales activity, though houses sell relatively quickly while larger properties take longer. Recent price growth has been strong, particularly for units, and rental yields remain solid, indicating sustained investor and lifestyle buyer interest. Future growth may be constrained by the current elevated pricing, presenting a key risk for entry at these levels.
PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
2
Land
1.28 ha
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