SOLD
Sold on 01 Nov 2023 for $675,000

1/73 Covent Gardens Way
Banora Point NSW 2486

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 85m2
Land area: 783m2
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Property Details for 1/73 Covent Gardens Way, Banora Point

1/73 Covent Gardens Way, Banora Point is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1992. The property has a land size of 783m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom Townhouse sold in Banora Point in the last 12 months.

Building Type
Townhouse
Year Built
1992
Floor Size
85m2
Land Size
783m2
Local Government
Tweed
Lot/Plan
1/SP43063

Last Listing description (October 2016)

This very well presented 3 bedroom duplex offers you the chance to enter the Banora Point market at an affordable price, and is sure to appeal to first home buyers, investors and retirees alike. With a generous yard area, including an alfresco undercover area plus a grassed lawn, a spacious interior with updated fittings and a great location within walking distance of local shops and schools.
Main features include:
3 bedrooms with built in wardrobes

Main bathroom with separate toilet
Great sized kitchen with updated appliances and dishwasher
Air-conditioned living area with timber laminate floors
Automatic single garage
Undercover patio area plus a grassed yard area, all fully fenced
Potential rent return: $380-$390 per week
A rare opportunity to secure a great sized duplex, with no body corporate attached like you often get looking at town-houses around this price level. We are experiencing very high levels of demand for properties like this, and as such think this will not last long. Therefore don?t delay and seize the opportunity while it still exists!
Disclaimer: This property is being sold by public auction under vendor instructions. Due to legislation surrounding new 'Under Quoting Laws' in NSW, company policy restricts agents from providing price guides for auction properties (either verbally or in writing). A report containing recent sales surrounding this property can be provided upon request.

Property History for 1/73 Covent Gardens Way, Banora Point, NSW 2486

A timeline of how this property has performed in the market
Last Sold
$675,000
01 Nov 2023
  • 01 Nov 2023
    Sold for $675,000
  • 22 May 2023
    Sold
  • 26 Sep 2016
    Sold for $347,500
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About Banora Point 2486

The size of Banora Point is approximately 12.2 square kilometres. It has 21 parks covering nearly 7.8% of total area. The population of Banora Point in 2011 was 15,047 people. By 2016 the population was 16,173 showing a population growth of 7.5% in the area during that time. The predominant age group in Banora Point is 60-69 years. Households in Banora Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banora Point work in a trades occupation. In 2011, 74.4% of the homes in Banora Point were owner-occupied compared with 75.2% in 2016.

Banora Point has 8,197 properties. Over the last 5 years, Houses in Banora Point have seen a 76.76% increase in median value, while Units have seen a 79.89% increase. As at 30 September 2024:

  • The median value for Houses in Banora Point is $1,042,037 while the median value for Units is $746,223.
  • Houses have a median rent of $850 while Units have a median rent of $700.
There are currently 57 properties listed for sale, and 10 properties listed for rent in Banora point on OnTheHouse. According to CoreLogic's data, 363 properties were sold in the past 12 months in Banora point.

Suburb Insights for Banora Point 2486

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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.