23/8 Grasslands Close Coffs Harbour NSW 2450
23/8 Grasslands Close Coffs Harbour NSW 2450
3 bed townhouse in established complex |Last sold $720k Nov 2020 |Now valued $1.26m |Consistent street sales $720-820k|This three-bedroom two-bathroom townhouse with four parking spaces suits downsizers or couples seeking low-maintenance coastal living near Diggers Beach.
Positioned within a boutique complex of similar 3-bed units on Grasslands Close, it benefits from shared resort-style tranquility while offering individual space like private patios and balconies. Comparable townhouses in the building have traded steadily between $720,000 and $820,000 over recent years, reflecting reliable demand from local buyers. Its last sale at $720,000 in late 2020 underscores solid capital growth, now aligning with a $1.26 million estimate amid broader market uplift. Buyers drawn to these properties typically include sea-changers prioritizing proximity to beach amenities over large lots, given the strata 1.25ha shared land. Practical living shines through ample parking for visitors or boats, fitting the coastal lifestyle without house upkeep demands. Long-term appeal stems from the complex’s proven holding value, with units rarely turning over quickly and values climbing from sub-$500k levels a decade ago. In this pocket, it stands out for blending unit affordability with villa-like features, positioning it well for stable appreciation. Market signals suggest it could attract offers above recent comps if vendor flexibility matches buyer interest in lock-up garage versatility.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Coffs Harbour is a major regional centre with a diversified economy including tourism, healthcare and agriculture. Demand is supported by both local employment and lifestyle migration, creating depth in the market. However, supply is relatively responsive, particularly in outer suburbs. This balances price growth compared to smaller coastal towns. Growth is steady with periods of uplift during migration surges.