OFF MARKET

2/5 Farrelly Avenue
Cumbalum NSW 2478

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 331m2
Land area: 331m2
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Last updated 16 Dec 2024
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Property Details for 2/5 Farrelly Ave, Cumbalum

2/5 Farrelly Ave, Cumbalum is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 331m2 and floor size of 331m2. While the property is not currently for sale or for rent, it was last sold in August 2019.

Building Type
Unit
Floor Size
331m2
Land Size
331m2
Local Government
Ballina
Lot/Plan
2/SP99680

Last Listing description (August 2019)

These two brand new freestanding duplexes are in an affordable price range and would be suitable for first home buyers, downsizers or an investor.
The properties are located in the popular and family friendly Ballina Heights Estate and have been constructed to a high quality level of finish.
Both properties are three bedroom homes and are low set with an open plan design & feature a covered outdoor entertaining area, ensuite & walk-in robe to the main bedroom & quality fixtures and fittings.

Potential rent- $560 - $580 per week.

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Property History for 2/5 Farrelly Ave, Cumbalum, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$549,000
30 Aug 2019
  • 30 Aug 2019
    Sold for $549,000
  • 16 Mar 2019
    Listed for Sale Not Disclosed

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About Cumbalum 2478

The size of Cumbalum is approximately 13.9 square kilometres. It has 2 parks covering nearly 2% of total area. The population of Cumbalum in 2011 was 1,219 people. By 2016 the population was 1,509 showing a population growth of 23.8% in the area during that time. The predominant age group in Cumbalum is 0-9 years. Households in Cumbalum are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cumbalum work in a professional occupation. In 2011, 83.9% of the homes in Cumbalum were owner-occupied compared with 82.2% in 2016.

Cumbalum has 1,446 properties. Over the last 5 years, Houses in Cumbalum have seen a 50.24% increase in median value, while Units have seen a 51.09% increase. As at 30 November 2024:

  • The median value for Houses in Cumbalum is $1,184,928 while the median value for Units is $886,074.
  • Houses have a median rent of $780 while Units have a median rent of $720.
There are currently 18 properties listed for sale, and 1 property listed for rent in Cumbalum on OnTheHouse. According to CoreLogic's data, 77 properties were sold in the past 12 months in Cumbalum.

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