Lot 3 - Worsnop Street - Cooranbong

Description

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Cooranbong is a semi-rural suburb in New South Wales, Australia, located within the City of Lake Macquarie in the Hunter region, about 90–100 km north of Sydney and Morisset and Newcastle. With a postcode of 2265, it has a population of around 7,000+ residents based on the 2021 Census, although recent estimates suggest steady growth due to increasing migration into regional areas. The suburb is known for its peaceful, nature-focused lifestyle, surrounded by bushland, the Watagan Mountains, and close to Lake Macquarie, making it attractive for families, retirees, and those seeking a quieter environment away from major city congestion.

Cooranbong has a strong community identity shaped largely by Avondale University, which has been a key part of the suburb’s history and contributes to its educational and cultural environment. The area features a mix of residential homes, rural properties, and bushland, giving it a spacious and laid-back feel compared to more urban suburbs. Housing is relatively more affordable than coastal or inner-city areas, with a median rent around $380 per week and moderate household incomes, making it appealing for buyers and renters looking for value.

In terms of local amenities, Cooranbong has basic services including small shops, schools, and community facilities, but residents often travel to nearby centres like Morisset or larger hubs around Lake Macquarie for major shopping, dining, and healthcare. Schools in the area include Cooranbong Public School, Avondale School, and Christadelphian Heritage College, providing a mix of public and private education options.

• Property Type: Prestige House & Land
• Property Stage: N/A
• Price: $ 944,699.00
• Land Price: $ 499,999.00
• Build Price: $ 444,700.00
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 1
• Floor Plan: Karuah
• Completion: N/A
• Land Size: 453
• Area Size: 164.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 875.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 875.00
• Gross Per Annum: $ 45,500.00
• Gross Yield: 4.82%
• Capital Growth 12 Months: -1.61%
• Capital Growth 10 Year Annualised: 5.96%
• Vacancy Rate: 1.32%