98A Terranora RoadBanora Point NSW 2486
Property Details for 98a Terranora Rd, Banora Point
Last Listing description (August 2024)
We are excited to present this rare opportunity to secure an elevated and private prime parcel of land with exceptional views across the Tweed River to Kingscliff and beyond. Situated less than 10 minutes to both Coolangatta and Kingscliff, this 1,334sqm block features a seven-metre wide driveway leading to a near flat area of approximately 450sqm. The remainder of the block slopes gently down to the rear boundary. Please note: There is a covenant restricting the maximum building height to 59.35m above sea level (AHD). The highest point of the block is 58.4m, and the current ground level of the build area of the block ranges from approximately 57.7m down to 56.5m. To construct a single level home with a roof heigh of approximately 3.0m, we estimate that you will need to excavate between 0.5m to 1.5m to meet the covenant requirements. (STCA)
- Private elevated 1,334 sqm allotment
- Exceptional ocean and river views
- Within easy reach of a selection of quality schools
- 5 minutes to Tweed City Shopping Centre
- 10 Minutes to Coolangatta and Kingscliff Beaches
- Easy Access to M1, Airport and Southern Cross University
Property History for 98a Terranora Rd, Banora Point, NSW 2486
- 05 Aug 2024Sold for $655,000
- 13 Feb 2024Listed for Sale $655,000
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0About 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 8,168 properties. Over the last 5 years, Houses in Banora Point have seen a 71.10% increase in median value, while Units have seen a 78.70% increase. As at 31 October 2024:
- The median value for Houses in Banora Point is $1,027,792 while the median value for Units is $751,234.
- Houses have a median rent of $850 while Units have a median rent of $700.
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