Unit 1405, 3 Magenta DRIVE Magenta NSW 2261
This property is Off Market
- 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
Property For Sale Nearby
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
General Points of Interest
Toukley and District War Memorial
Kooindah Waters Golf Course
Toukley Sailing Club
Magenta Shores Golf & Country Club
Shelly Beach Golf Course
The Entrance War Memorial
Vera's Water Garden
Toukley Aquatic Centre
Toukley Golf Course
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
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsThe Entrance PS TLSC Tumbi Umbi TLSC The Entrance
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The Entrance Public School
The Entrance, NSW, 2261 State P-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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