OFF MARKET

55 Pine Avenue
East Ballina NSW 2478

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 531m2
Land area: 531m2
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Property Details for 55 Pine Ave, East Ballina

55 Pine Ave, East Ballina is a 4 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 531m2 and floor size of 531m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
1970
Floor Size
531m2
Land Size
531m2
Local Government
Ballina
Lot/Plan
17/DP21531

Last Listing description (March 2020)

IMPORTANT The lower unit will be open first for 20min followed by the upper unit for 20min no exceptions.

People dream of living high on the hill overlooking the ocean and river at Pine Ave, East Ballina. Homes along this Far North Coast paradise strip are tightly held and rarely come up for sale. When they do, they sell fast.


Known as the millionaires row of Ballina, this exclusive neighbourhood has plenty of recently built million-dollar homes and many more currently under construction.

Land banking this rare site which has excellent ocean views from both upstairs and downstairs would be a natural and very easy choice for the astute investor.

The property is easy to hold as two well maintained 2-bedroom Council-approved duplexes, with two rents coming in and long-term tenants happy to stay.

There are also plenty of options to choose from: live in one and keep the other rented; rent one or both as high-end Airbnb accommodation for a great return; or convert the property into a stunning double-storey home that would be perfect for an extended family. The choice and rewards are yours.

Living here means looking out to see the whales on their annual migratory paths, swimming at white sandy beaches or at pristine Shaws Bay, walking or cycling along North Wall and watching the dolphins come home at dusk.

Whatever your choice of activity, you will enjoy cosmopolitan living at your doorstep with a relaxed country feel cafes, restaurants, pubs, taverns, shopping complexes, boutiques, Southern Cross University, private and public hospitals, medical centres and schools are all at your fingertips.

Iconic Byron Bay is only 25 minutes away and the Byron-Ballina airport, with direct flights to Sydney and Melbourne, is 10 minutes away. National parks offering seclusion and stunning vistas abound in the area, yet the humming Gold Coast metropolis is just an hour up the freeway.

Located high above any future flood heights, this prestigious site will never be affected by global warming or built out by neighbours, so your seaside investment will always keep you safe and in profit.

If youre thinking of buying a rare sea view in Ballina now is the time to act.

Property Code: 26

Property History for 55 Pine Ave, East Ballina, NSW 2478

A timeline of how this property has performed in the market
Last Sold
$922,500
04 Mar 2020
Listed for Rent
$250/w
22 Jul 2009
  • 04 Mar 2020
    Sold for $922,500
  • 09 Feb 2020
    Listed for Sale SOLD
  • 23 Jun 2010
    Sold for $550,000
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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 25 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.

Suburb Insights for East Ballina 2478

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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.