OFF MARKET

23 Hill Street
East Ballina NSW 2478

Bedrooms: 10
Bathrooms: 5
Car spaces: 5
Floor area: 162m2
Land area: 540m2
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Last updated 16 Sep 2024
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Property Details for 23 Hill St, East Ballina

23 Hill St, East Ballina is a 10 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 540m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Floor Size
162m2
Land Size
540m2
Local Government
Ballina
Lot/Plan
8/DP38190

Last Listing description (March 2021)

Without exaggeration 23 Hill St East Ballina offers a once in a lifetime opportunity. The building consists of a large penthouse and 4 separate apartments all on the one title and offered for sale for the first time in nearly 45 years. Enjoying 180 degree views of the ocean, the break walls and Shaws Bay the property is walking distance to the beach, the bay, town centre, transport & schools. The main dwelling consists of 3 bedrooms plus a study, a full bathroom, 2 garages all with level access (no stairs!). Below are 2x 2 bedroom apartments and 2x 1 bedroom apartments all with their own off street parking. This building of 5x separate dwellings is council approved and zoning changes shortly after its construction mean a building like this cannot be achieved again.
This rare opportunity will suit:
A renovator/builder looking for a spacious penthouse for themselves plus 4x separate incomes

OR
An investor who will enjoy 5x rental incomes.
The building does require some updating, which provides a wonderful opportunity for you to profit by elevating it up into the much higher price range in which a property like this belongs.
Itll be open on Saturday 27th March at 10am to 11.30am AND at 1.30pm to 3pm.

Rental returns:
Penthouse approx $700pw (currently occupied)
Apartment 1 $300pw (currently occupied)
Apartment 2 $300pw (currently occupied)
Apartment 3 $250pw (currently occupied)
Apartment 4 $260pw (currently vacant)

Council rates:
Water rates:

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Property History for 23 Hill St, East Ballina, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$1,460,000
13 May 2021
  • 13 May 2021
    Sold for $1,460,000
  • 22 Mar 2021
    Listed for Sale For Sale guide $1,300,000
  • 30 Oct 2019
    Listed for Rent $280 / week
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About East Ballina 2478

The size of East Ballina is approximately 7.9 square kilometres. It has 23 parks covering nearly 34.7% of total area. The population of East Ballina in 2011 was 5,318 people. By 2016 the population was 5,567 showing a population growth of 4.7% in the area during that time. The predominant age group in East Ballina is 60-69 years. Households in East Ballina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Ballina work in a professional occupation. In 2011, 67.2% of the homes in East Ballina were owner-occupied compared with 66.1% in 2016.

East Ballina has 3,237 properties. Over the last 5 years, Houses in East Ballina have seen a 62.76% increase in median value, while Units have seen a 44.83% increase. As at 31 August 2024:

  • The median value for Houses in East Ballina is $1,108,786 while the median value for Units is $770,121.
  • Houses have a median rent of $760 while Units have a median rent of $600.
There are currently 27 properties listed for sale, and 3 properties listed for rent in East ballina on OnTheHouse. According to CoreLogic's data, 125 properties were sold in the past 12 months in East ballina.

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