OFF MARKET

423-424/2 Martin Street
Ballina NSW 2478

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 16 Sep 2024
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Property Details for 423-424/2 Martin St, Ballina

423-424/2 Martin St, Ballina is a 2 bedroom, 2 bathroom Unit.

Building Type
Unit
Local Government
Ballina

Last Listing description (June 2022)

Overlooking the beautiful Richmond River, boat harbour and Mobbs Bay, this apartment makes an ideal holiday home with income. Positioned on the fourth floor with a north easterly aspect, it is located in the popular 'Ramada Hotel' complex in the centre of Ballina.

- Owners can occupy the apartment for up to 150 days per annum
- Dual key apartment with attached hotel room and luxury ensuite

- Apartment has lounge, dining, kitchen and ensuited bedroom
- Enjoy panoramic water views from two tiled balconies
- Four star hotel with reception, under building security parking
- Shared laundry space, beautiful pool area and gymnasium
- Opportunity to enjoy family holidays in paradise and an income
- In centre of town with cycleways and walkways at the front door
- Perfect investment and holiday home all in one
- 5 min drive to beaches, 12 min to Lennox, 30 min to Byron Bay
- An excellent property in a prime position
- 3D virtual walkthrough floorplan available in property images

Property History for 423-424/2 Martin St, Ballina, NSW 2478

A timeline of how this property has performed in the market
  • 31 Jan 2022
    Listed for Sale Guide $675,000 - $725,000
  • 24 Jun 2020
    Listed for Sale $540,000 - $590,000

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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 6,853 properties. Over the last 5 years, Houses in Ballina have seen a 56.51% increase in median value, while Units have seen a 42.48% increase. As at 31 August 2024:

  • The median value for Houses in Ballina is $903,573 while the median value for Units is $690,194.
  • Houses have a median rent of $660 while Units have a median rent of $500.
There are currently 47 properties listed for sale, and 28 properties listed for rent in Ballina on OnTheHouse. According to CoreLogic's data, 248 properties were sold in the past 12 months in Ballina.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.