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Unit 404,
3 TURNBERRY AVENUE Magenta NSW 2261

This property is Off Market

All about Magenta Homes for sale in Magenta


  • Last sold 5/30/2024 for $800,000. 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 0.40 km
  • Potential bushfire risk 0 / 10
  • Report as to subsidence
  • Potential Land Contamination risk
  • Powerlines within 200m 0
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School Catchments

Property For Sale Nearby

Recently Sold Properties in this Area

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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

General Points of Interest


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

  • School Catchments
    TLSC Tumbi Umbi TLSC The Entrance The Entrance PS
  • Wadalba Community School

    Wadalba, NSW, 2259 State K-12

  • Toukley Public School

    Toukley, NSW, 2263 State P-6


Property Story

Unit 404, 3 Turnberry Avenue, Magenta, Nsw, 2261 is a residential property . The estimated distance to the sea is only 0.4km and 0.06KM 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

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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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