FOR SALE
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1 & 2/132 Cherry Street
Ballina NSW 2478

Bedrooms: 5
Bathrooms: 4
Car spaces: 5
Land area: 575m2
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Golden investment opportunity just 300m to North Creek

An incredibly rare opportunity for astute investors in a prized riverside location, this versatile property comprises two separate, fully self-contained homes on the one title. Delivering the flexibility to lease one and live in the other, create a multi-generational family compound or acquire two rental properties in the one transaction, this unique offering rests just 300m to North Creek with peaceful views over Cawarra Park.
- Outstanding investment opportunity in a peaceful riverside enclave
- Solid two storey, three bedroom corner home enjoys idyllic park views
- Central lounge room opens to a lovely wrap-around covered verandah
- Neat and tidy kitchen features gas cooking and excellent storage
- Three bedrooms over two levels, tandem carport plus single garage
- Second modern residence features high raked ceilings throughout
- Contemporary kitchen, open-plan living area flows to a covered balcony
- Ensuited main bedroom with private deck, second bedroom/bath downstairs
- Solar systems, great secure parking and minimal maintenance to both homes
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Property Details for 1 & 2/132 Cherry St, Ballina

1 & 2/132 Cherry St, Ballina is a 5 bedroom, 4 bathroom House with 5 parking spaces. The property has a land size of 575m2. The place is currently for sale with McGrath Ballina.

Building Type
House
Land Size
575m2

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About Ballina 2478

The size of Ballina is approximately 21.5 square kilometres. It has 21 parks covering nearly 29.4% of total area. The population of Ballina in 2011 was 7,874 people. By 2016 the population was 8,655 showing a population growth of 9.9% in the area during that time. The predominant age group in Ballina is 60-69 years. Households in Ballina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballina work in a trades occupation. In 2011, 49.4% of the homes in Ballina were owner-occupied compared with 51.3% in 2016.

Ballina has 6,867 properties. Over the last 5 years, Houses in Ballina have seen a 56.81% increase in median value, while Units have seen a 39.96% increase. As at 31 October 2024:

  • The median value for Houses in Ballina is $896,485 while the median value for Units is $679,321.
  • Houses have a median rent of $690 while Units have a median rent of $515.
There are currently 51 properties listed for sale, and 23 properties listed for rent in Ballina on OnTheHouse. According to CoreLogic's data, 246 properties were sold in the past 12 months in Ballina.

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Shawn Bishop
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Jamie Marshall
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McGrath Ballina
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