7 Tamarind Close, Toormina NSW 2452
7 Tamarind Close, Toormina NSW 2452
3 bedrooms | 2 bathrooms | 856 sqm lot | priced near estimated value
This property offers a clear configuration advantage over nearby homes, with an extra bathroom and a larger 856 sqm lot that supports stronger valuation than the recent $685,000 sale at 7 Linden Avenue. The asking price sits just below the estimated value of $900,000, positioning it competitively for buyers seeking room to add value through renovation or subdivision potential on the generous block. It serves best for families or investors wanting a solid entry into Toormina within the Coffs Harbour area, where demand remains stable.
The primary risk is that the price leaves limited immediate upside, as the comparable sale shows a 3-bedroom with only one bathroom sold for significantly less, meaning the extra bathroom and land must justify the premium. However, the larger lot provides opportunity for future extension or subdivision, which could offset holding costs over time. This property should be held for medium-term capital growth, with the land size as the key driver.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 7 Tamarind Close, Toormina NSW 2452
Market Insight:
Toormina is an established coastal suburb experiencing robust capital growth, driven by its desirable location and tightening supply. Demand is supported by a significant rental population, with both houses and units delivering solid yields. The market is active, with properties moving efficiently, indicating strong buyer interest. Future growth is anchored in its coastal appeal and established community, though the sharp reduction in available stock highlights a potential supply constraint that could underpin further price pressure.