8 Bangalow RoadBallina NSW 2478
Property Details for 8 Bangalow Rd, Ballina
8 Bangalow Rd, Ballina is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 976m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in February 2015.
Last Listing description (February 2015)
The beauty of this property is that it offers investors and developers the opportunity to buy now and develop later whilst getting a rental income in the meantime.
The property is zoned medium density and is a 4 unit site under the council code subject to relevant approvals.
The location is perfect for retirement units being close to a shopping centre, the bowling club and the hospital.
* Land area of 976.9m2 with 37metre frontage
* Neat and tidy house with current rent of $370p/w
* Central position on the Ballina Island handy to everything
* Great starter for first home buyers
Property History for 8 Bangalow Rd, Ballina, NSW 2478
- 24 Feb 2015Sold for $400,000
- 29 Oct 2014Listed for Sale Offers Over $420,000
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0About 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 6,868 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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