FOR SALE
$2,750,000

19 Warana Avenue
Bray Park NSW 2484

Bedrooms: 11
Bathrooms: 7
Car spaces: 7
Land area: 2317m2
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Calling all investors - four separate buildings with six tenancies in total.

Introducing this substantial Residential Complex comprising six rented premises which will make a great addition to any property portfolio.
Set on an elevated flood free property of 2317m2 (1/2 acre) in a quiet street with close proximity to schools and the Murwillumbah Golf Course/Restaurant and just 3.5km from the Murwillumbah CBD.
Each Villa is well presented inside and have had various upgrades and modifications whilst the externals of each are of ageless brick and tiled roof construction making these a low maintenance investment and built to high standards.
The portfolio consists of:
Villas 1&2 - 2 x stand alone villas - each with 2 bdrms, 1 bathroom, 1 garage, internal laundry, with a covered front balconies. Both have identical floor plans.
Villas 3&4 - 1 x Duplex pair each with 2 bdrms, 1 bathroom, internal laundry, 1 garage and covered front balcony.
Villas 5 - 1 spacious house - 2 bedroom, 2 bathrooms, 4 car garage, with a front covered balcony and also a rear covered deck.
Villa 6 - 1 x apartment attached to house - 1 bdrm, 1 bathroom. 1 off street car space with a front covered balcony.
The property currently returns a gross income of approximately $149,760 per annum (estimated 5.44% return on gross income based on guide price, figures are available on request).
Important news: The access road to the Villas which forms part of an easement has just been completely upgraded with a new concrete driveway which has vastly improved the access and at the same time eliminating any maintenance for many years to come. Nearby is a residential development consisting of only a limited number of larger residential blocks. These types of development tend to lift the surrounding areas both in terms of desirability and average property prices so the future looks secure for this area.
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Property Details for 19 Warana Ave, Bray Park

19 Warana Ave, Bray Park is a 11 bedroom, 7 bathroom Other with 7 parking spaces. The property has a land size of 2317m2. The place is currently for sale with Ray White Rural Murwillumbah.

Building Type
Other
Land Size
2317m2

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About Bray Park 2484

The size of Bray Park is approximately 1 square kilometres. It has 5 parks covering nearly 6.1% of total area. The population of Bray Park in 2011 was 832 people. By 2016 the population was 812 showing a population decline of 2.4% in the area during that time. The predominant age group in Bray Park is 50-59 years. Households in Bray Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bray Park work in a trades occupation. In 2011, 65.9% of the homes in Bray Park were owner-occupied compared with 65.5% in 2016.

Bray Park has 373 properties. Over the last 5 years, Houses in Bray Park have seen a 66.60% increase in median value, while Units have seen a 114.63% increase. As at 31 October 2024:

  • The median value for Houses in Bray Park is $755,821 while the median value for Units is $489,088.
  • Houses have a median rent of $420.
There are currently 3 properties listed for sale, and no properties listed for rent in Bray park on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Bray park.

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Craig Taylor
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Ray White Rural Murwillumbah
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