SOLD
Sold on 10 Jul 2024 for $1,095,000

Terranora Road
Banora Point NSW 2486

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7053m2
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Property Details for Lot 12 Terranora Rd, Banora Point

Building Type
Land
Year Built
1980
Land Size
7053m2
Local Government
Tweed
Lot/Plan
12/DP1003644

Last Listing description (May 2016)

With development activity increasing in Tweed Heads, Coolangatta and Banora Point this is the opportunity to purchase a great block of land at the end of a cul-de-sac.
This land parcel could be used for a townhouse development (SCTA) and is ready and waiting. The owner is very serious selling the property and this provides a great opportunity.
The blocks attributes are as follows:

* Approximately 7054m2 of land in a quiet cul-de sac location.
* Less than 2km to local shopping centres, clubs, schools, golf courses and the new upgraded m1 motorway.
* Previous DA Approval for a 5 block subdivision
AGENTS COMMENTS:
This site has numerous possibilities and is a great opportunity for developers, land bankers and someone who wants to build a large home and have plenty of space around you.
All plans and prior approvals are available for viewing from the agent.

Property History for Lot 12 Terranora Rd, Banora Point, NSW 2486

A timeline of how this property has performed in the market
Last Sold
$1,095,000
10 Jul 2024
  • 10 Jul 2024
    Sold for $1,095,000
  • 28 Jun 2018
    Sold for $355,000
  • 17 Mar 2016
    Sold for $335,000
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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 8,167 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.
There are currently 53 properties listed for sale, and 13 properties listed for rent in Banora point on OnTheHouse. According to CoreLogic's data, 352 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.