OFF MARKET

5 Calnan Crescent
Cumbalum NSW 2478

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 222m2
Land area: 838m2
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Last updated 16 Dec 2024
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Property Details for 5 Calnan Cres, Cumbalum

5 Calnan Cres, Cumbalum is a 5 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2019. The property has a land size of 838m2 and floor size of 222m2. While the property is not currently for sale or for rent, it was last sold in April 2018.

Building Type
Unit
Year Built
2019
Floor Size
222m2
Land Size
838m2
Local Government
Ballina
Lot/Plan
507/DP1243041

Last Listing description (September 2022)

Presenting an exciting opportunity for savvy investors to gain multiple income streams, this modern dual occupancy claims an elevated position in family-friendly Ballina Heights Estate. Comprising two separate residences joined with a common wall, the property offers excellent flexibility enhanced by a sought-after location.

- Perfectly located in Cumbalum, close to sports fields, schools and the CBD
- Expand your property portfolio with the versatility of two residences

- Enjoy the flexibility to rent one/live in the other, or share with family
- Both residences showcase contemporary interiors, free-flowing floor plans
- 3A offers two bedrooms, air-con plus a modern kitchen with stone benches
- Sliding glass doors flow to a covered patio overlooking the generous yard
- 3B features an ensuited master bedroom, bright and airy main living space
- With two additional bedrooms, sleek bathroom, covered patio and private yard
- Ideal two-for-one opportunity for astute investors or extended families
- Currently returning over $1,000pw in rent, with excellent tenants in place
- Both have large fully fenced yards, off street parking for additional vehicles
- Excellent depreciation with near new build, reports available on request
- Just 8 mins to Ballina's shops and cafes, 15 mins to popular Lennox Head
- Possability (STCA) to strata subdivide properties
- 3D virtual walkthrough tour available in property images

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Property History for 5 Calnan Cres, Cumbalum, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$260,000
16 Apr 2018
  • 02 May 2022
    Listed for Sale For Sale - Guide $1,250,000
  • 16 Apr 2018
    Sold for $260,000

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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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