OFF MARKET

8/68 Darlington Drive
Banora Point NSW 2486

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 106m2
Land area: 15000m2
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Property Details for 8/68 Darlington Dr, Banora Point

8/68 Darlington Dr, Banora Point is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 15000m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Year Built
1988
Floor Size
106m2
Land Size
15000m2
Local Government
Tweed
Lot/Plan
8/SP32788

Last Listing description (January 2021)

With an excellent long term tenant in place, this well presented low-set villa should have strong appeal to investors seeking solid bricks & mortar real estate producing strong rental returns.

Presently paying $420 per week, the tenant has indicated he is keen to stay on after his current lease expires in late January next year.

Based on the current rent and outgoings, the property is showing a healthy net return of around 4%

which is more than double the rate the banks are offering on fixed term deposits.

* Set in the popular and well kept Banora Palms complex.
* Adjacent to Banora Shopping Village.
* Short, flat stroll to Club Banora.
* Tiled throughout except for the bedrooms.
* Generous, covered alfresco space - great spot for the BBQ
* Enclosed garden area.
* High demand rental position and property.
* Genuine vendors have priced to sell.

" DO YOUR MATHS ON THIS ONE - YOU MIGHT BE PLEASANTLY SURPRISED!"

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Property History for 8/68 Darlington Dr, Banora Point, NSW 2486

A timeline of how this property has performed in the market
Last Sold
$380,000
18 Dec 2020
Listed for Rent
$420/w
25 Jan 2018
  • 18 Dec 2020
    Sold for $380,000
  • 10 Jul 2020
    Listed for Sale $389,000
  • 10 Jan 2018
    Listed for Rent $420 / week
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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 8,173 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 56 properties listed for sale, and 10 properties listed for rent in Banora point on OnTheHouse. According to CoreLogic's data, 366 properties were sold in the past 12 months in Banora point.

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