SOLD
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Sold on 23 Aug 2024 for $950,000

6 Buchanan Street
Ballina NSW 2478

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 150m2
Land area: 1239m2
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This property is currently on the market
Charming 4-Bedroom Cottage
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Property Details for 6 Buchanan St, Ballina

6 Buchanan St, Ballina is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1239m2 and floor size of 150m2.This Property is currently listed for rent with LJ Hooker Ballina

Building Type
House
Floor Size
150m2
Land Size
1239m2
Local Government
Ballina
Lot/Plan
B/DP312276

Last Listing description (August 2024)

This property offers so many options in terms of future potential that it really does fit in the rare category. Located in central Ballina this comfortable home sits on a level 1239m2 block with street and rear lane frontages with an amazing 21.26m block width.

The possible options include:
1. Subdividing the property into 2 lots

2. Develop units on the property for seniors living through SEPP (Housing) 2021
(Part 5)
3. Create a dual occupancy with the option to retain the current dwelling
4. Build a granny flat on the rear part of the property

All of these options are Subject to Council Approval.

The home itself is in great order with timber floor boards under the carpet and a nice deck at the rear overlooking the massive back yard. Our owner has occupied the property for 54 years and has loved living in this location but has now decided to downsize.

- Only 500 metres to Ballina's main shopping centres
- Buy now and rent out whilst you seek approvals
- Would suit tradespeople with plenty of room to build a large shed
- Level rectangular block that is perfect for development (STCA)

DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.

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Property History for 6 Buchanan St, Ballina, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$950,000
23 Aug 2024
  • 29 Oct 2024
    Listed for Rent $750 / week
  • 23 Aug 2024
    Sold for $950,000
  • 29 Jul 2024
    Listed for Sale $950,000

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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 6,851 properties. Over the last 5 years, Houses in Ballina have seen a 53.79% increase in median value, while Units have seen a 49.50% increase. As at 30 September 2024:

  • The median value for Houses in Ballina is $896,109 while the median value for Units is $705,617.
  • Houses have a median rent of $675 while Units have a median rent of $500.
There are currently 60 properties listed for sale, and 24 properties listed for rent in Ballina on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Ballina.

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