Coorabell Springs, Keyes Road, Coorabell
Keyes Road, Coorabell is seeing a bit of rural development. Firstly the site of Rocking Horse Music Studios has had a facelift and is getting bookings for music recording with accommodation attached. Its great the new owners decided to keep the recording facility intact. This venue gathered quite a story over the years with many premium bands coming to stay and record there.
Now down the end of Keyes Road, is a new rural subdivision called Coorabell Springs. It is five lots between one and two acres and priced between $825,000 – $875,000. The property does not have high views but good rural views into views. Listed with Greg Price at McGrath Byron Bay.
South Golden Beach
Except for the flooding, SGB is a great location. Close to the beach and other amenities with a strong friendly community. Prices are still not astronomical, yet, and I believe will have some upward growth as the suburb becomes more gentrified. Here are a few interesting listings:
54 Helen Street, SGB
This is a great property in a quiet street with four bedrooms and separate 1 bedroom studio. It has a warm and casual feel with lots of timber and light. This is a great family home with extra rental income if desired. Listed with Julie Anne Monahan of Ocean Shores Raine and Horne for $1,100,000.
33 Helen Street, SGB
This house is across the road, more modern and contemporary. It has a pool and ticks all the boxes for a smallish family home. Three bedrooms, 2 baths and a 2-car garage, this home is going to auction on the 2nd of June with Greg Price of McGrath Byron Bay. Expected range is $960,000 – 1,100,000.
10 Phillip Street, SGB
4 bed, 2 bath, 2 garage. This property is across the canal but still not far from the beach or the water. Looks well priced at $899,000 – 990,000.
The Bloodwoods, Stokers Siding
As prices keep escalating closer to Byron Bay, the outlying suburbs will keep improving. Keep an eye out for Billinudgel, Crabbes Creek, Mooball, Pottsville, Cabarita, Stokers Siding, and Murwillumbah.
This 17 acres of vacant land is a bit isolated for my liking, but still of interest to the right person. For $355,000 of attractive bushland with some infrastructure is OK buying. Listed with Adrianna Jenkins of First National Murwillumbah.
Northern Rivers Commercial on the rise
National valuation company Herron Todd White has a “buy” recommendation on Northern Rivers commercial property – especially Byron Bay. The article said, “The far north coast of New South Wales has seen strong demand for properties with a strong tenant profile at the mid to upper levels of the market. Non-coastal locations have had relatively stable rents over the past two years. Retail has been adversely affected in Lismore as a result of the March 2017 flood with increased vacancies. Rents have held but there is a risk of a downturn. Coastal localities have been predominantly stable with the exception of Byron Bay, with strong demand, limited supply, upward pressure on rents, and reported incidences of key money.”
“Coorabella” Coolamon Scenic Drive, Coorabell
Giovanni D’Ercole is a local identity and jewellery designer who runs the successful Love and Hatred jewellery outlet. Gio has applied his distinctive taste and sensibility to a number of high-end homes over the years. “Coorabella” is an iconic property at 895 Myocum Road, Coorabell. A 125-year-old Queenslander, it has been lovingly restored and decorated over the last 23 years. The property is on 23 hectares and has Wilsons Creek frontage. It has been used consistently for film and photo shoots as well as many celebrity weddings. It is listed by Ku Darroch from Real Estate of Distinction.
160 Koonyum Range Road, Wilsons Creek
This property is a good opportunity for someone. It is one of the most spectacular sites I have ever seen. The existing house is a bit awkward. It is massive walls of blue slate stone and it’s like something in the Swiss Alps. With only three bedrooms it is a bit small but has the potential to be turned into something amazing. Koonyam Range is inland from Mullumbimby and has unmatchable views over our green hills to the ocean. It is going to auction (date to be set) and if it sells for mid 2M, it will be good buying. Listed by Gary Brazenor of Bangalow Real Estate.
50 Myocum Downs Road, Myocum
Similar to Koonyum Range property above, this one has some potential. It is 8.5 acres in the heart of Myocum with good north facing views. The 4 bedroom 2 bathroom house is a bit tired but has the bones for someone to do a fix-up. Priced at $1.55 – $1.7M means it has some room left to add some value – if you don’t overcapitalise. Listed with Tara Torkkola of Byron Bay First National.