Coffs Harbour high-end properties typically purchased by out of town capital city buyers: HTW residential

According to the latest Herron Todd White (HTW) residential report, Coffs Harbour properties priced over $1 million are considered prestige with the majority of sales within this market sector ranging between $1 million and $1.5 million.

Sales between $1.5 million and $2 million become decidedly more scarce, typically numbering less than 10 per year and those in excess of $2 million are rare.

"Let’s start with the unit market. Typically there are very few sales over $1 million, with the most recent highest sale of note being a penthouse unit in the Seashells highrise complex at Park Beach going for $1.65 million," the valuation firm said. 

The unit has a total strata area of 231 square metres, affording extensive coastal and hinterland views with the normal upmarket features and complex facilities.

The next is located within the sought after Jetty precinct of Coffs Harbour along Camperdown Street selling for $1.5 million.

This is a circa 2010, three-bedroom, two-bathroom contemporary unit, situated in a low rise complex of nine units.

The unit has an easterly aspect with unrestricted harbour and ocean views and strata area of 311 square metres.

"It is interesting to note that this property previously sold in 2010 for $1.55 million," the valuation firm notes. 

Over this value level there is no recent sale to draw from other than noting two prestige units currently listed for sale within Sea La Vie at 131 Victoria Street (pictured below) asking $1,995,000 and $2,295,000.

This complex is also located within the Jetty precinct.

The units comprise three bedrooms, three bathrooms and a two-car garage in an architect designed three-unit complex affording a high position with extensive coastal and mountain views north. They are single level design with extensive patio and private plunge pool.

"The beachside housing market again has experienced very few sales over $1.5 million this year, however we have recently seen a $2.1 million sale within the prestige Charlesworth Bay precinct of Coffs Harbour," the valuation firm said. 

"What is so special about this property is the location, affording a unique headland position of 3,173 square metres boarded on three sides by regional park with access to the beach.

"To find properties in excess of the $2 million mark, we have to venture further from the beach into the rural surrounds with the most recent being in Walters Road, Upper Orara achieving a respectable $2.6 million."

Known as Orara Valley Estate (pictured below), it can only be described as a rural retreat set on 28 hectares with an extensive five-bedroom executive style country home with secondary quarters, resort pool and manicured grounds located 15 minutes west of Coffs Harbour.

"For something a little different we venture south of Coffs Harbour to the lesser known area of Gumma or more specifically Barnetts Road, located eight kilometres east of Macksville along the pristine Warrel Creek.

"This property achieved a respectable $2,025,000 and comprises a unique rural lifestyle holding with a single level, five-bedroom, three-bathroom architect designed dwelling with five-car detached garage set on a 40 hectare lot with 400 metres frontage to Warrell Creek.

"As expected, these high end properties appeal to a select and discerning market and are typically purchased by out of town capital city buyers and require longer than normal selling periods to find the right buyer."