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Unit 1405,
3 Magenta DRIVE Magenta NSW 2261

This property is Off Market

All about Magenta Homes for sale in Magenta

Last sold 7/9/2024 for $850,000. The Average property price in this area is $1,048,702, this is based on recent transactions.
Internet speed Download 100 Mbps / Upload 40 Mbps
Distance to the coast 0.39 km
Potential bushfire risk 0 / 10
Report as to subsidence
Potential Land Contamination risk
Powerlines within 200m 0

Street view

Drive times

School Catchments

Property For Sale Nearby

LJ Hooker 3 SANDBAR TCE, Price Guide: $2,500,000 4 Beds - 3 Baths - 2 Parking Within 0.1 km LJ Hooker 4 HUNTINGDALE DR, Price Guide: $1,500,000 4 Beds - 2 Baths - 1 Parking Within 0.2 km LJ Hooker 5 SAWGRASS CR, Price Guide: $1,990,000 3 Beds - 2 Baths - 3 Parking Within 0.3 km LJ Hooker 45 WHITE HAVEN AV, Contact Agent 4 Beds - 2 Baths - 2 Parking Within 0.4 km LJ Hooker 78 PEBBLE BEACH AV, Price Guide: $2,200,000 4 Beds - 2 Baths - 2 Parking Within 0.7 km

Recently Sold Properties in this Area

10/15/2024 2002 HUNTINGDALE DR $1,110,000
10/15/2024 3 TURNBERRY AVE $1,090,000
10/4/2024 1804 WHITE HAVEN AVE $735,000
9/2/2024 27 WHITE HAVEN AVE $2,290,000
8/15/2024 3 MILLBROOK PL $900,000

About The Entrance

With an average age of 60, households expect an average monthly mortgage payment of $2,139 or a weekly rent payment of $550. The average family earns a weekly income of $2,062 with a typical household size of 2.1 and a 96.95% employment rate.

In Magenta there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Magenta is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Magenta changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Magenta to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Magenta we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Magenta a better buying opportunity than it may have been in the past.

Public Transport

Morisset

Lisarow

Narara

Niagara Park train

Wyong

Tuggerah

Ourimbah

Wyee

Gosford

Warnervale

General Points of Interest

Toukley and District War Memorial golf

Kooindah Waters Golf Course sport

Toukley Sailing Club golf

Magenta Shores Golf & Country Club golf

Shelly Beach Golf Course monument

The Entrance War Memorial swimming

Vera's Water Garden sport

Toukley Aquatic Centre golf

Toukley Golf Course golf

Wyong Golf Course

Population

(Country of Birth not stated 8%)

Are people healthy?

There are a recorded 2062 asthma sufferers and 1297 people living with diabetes. In addition, 1202 people have a heart/vascular condition and 2617 people live with three or more chronic diseases.

A good place to invest in property?

The Entrance a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

New South Wales State average 59 / 100

Income

10 / 100

31 / 100

Industry

19 / 100

22 / 100

Population

21 / 100

19 / 100

House Prices

51 / 100

60 / 100

Jobs

24 / 100

29 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

TLSC Tumbi Umbi The Entrance PS TLSC The Entrance
HopeTown School
Wyong, NSW, 2259 State U
Toukley Public School
Toukley, NSW, 2263 State P-6
Tuggerawong Public School
Tuggerawong, NSW, 2259 State K-6
Tacoma Public School
Tacoma, NSW, 2259 State K-6
Our Lady of the Rosary Catholic Primary School
Shelly Beach, NSW, 2261 Independent K-6
Kanwal Public School
Kanwal, NSW, 2259 State K-6
St Mary's Catholic Primary School
Noraville, NSW, 2263 Independent K-6
Gorokan Public School
Gorokan, NSW, 2263 State K-6

Property Story

Unit 1405, 3 Magenta Drive, Magenta, Nsw, 2261 is a residential property . The estimated distance to the sea is only 0.39km and 0.05KM to vegatation considered to be a factor in bushfire risk.

Local Developments

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134 Acme Avenue Street, Town, State

Description - Details the application. Type and other information pertaining to the development application and more...

Authority Reference: UX0909823-GOV Website

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

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