423-424/2 Martin StreetBallina NSW 2478
Property Details for 423-424/2 Martin St, Ballina
423-424/2 Martin St, Ballina is a 2 bedroom, 2 bathroom Unit.
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
- 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
- 31 Jan 2022Listed for Sale Guide $675,000 - $725,000
- 24 Jun 2020Listed 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 6,869 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.
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