OFF MARKET

1 Cypress Street
Evans Head NSW 2473

Bedrooms: 2
Bathrooms: 1
Car spaces: 5
Floor area: 131m2
Land area: 854m2
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Property Details for 1 Cypress St, Evans Head

1 Cypress St, Evans Head is a 2 bedroom, 1 bathroom House with 5 parking spaces and was built in 1985. The property has a land size of 854m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1985
Floor Size
131m2
Land Size
854m2
Local Government
Richmond Valley
Lot/Plan
2/DP339831

Last Listing description (May 2022)

Ideally located on the corner of 2 central streets only moments from the river and centre of town, this once magnificent home has been transformed into a fantastic income generating proposition.
The North East aspect allows for the sea breezes to funnel through the residence and the 2 street frontages allow for plenty of parking. With 3 separate tenants in place the gross weekly income amounts to $1,210 per week. The most recent rental estimate of number 3 has increased from the current $360/wk to $390/wk which would increase the gross to $1,240/week.
The final occupation certificate for the last conversion of the garage to a unit was issued by the council on the 5th of December 2019 and the property has been fully occupied ever since. The cinema room and double garage are fenced off and have been a perfect storage area for the current owner with its own access.

Features Include:
- Large 840m2 corner allotment with 3rd access passage to the DLUG and cinema room at the rear.
- Solar hot water, Solar power and extra gas hot water help with electricity costs.
- Number 1 offers 2 bedrooms with a modern kitchen and appliances and a modern bathroom.
- Number 2 offers 1 bedroom with a modern kitchen and appliances and a modern bathroom.
- Number 3 offers a combined bedroom and living area with a modern kitchen and appliances and a modern bathroom.

At the rear is an established permaculture system with commercial raised garden beds, irrigation system and nursery. Also on the Cedar street side is the retrofitted century old art deco cinema with split lofts and a DLUG. This property needs to be seen to really grasp its potential. Only a 200m walk to the river, RSL or the shopping centre and a 40 minute drive to the Ballina Byron Gateway Airport. For a viewing please attend one of the open homes prior to auction or call Brody Aleckson on 0428 661 402 to discuss.

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Property History for 1 Cypress St, Evans Head, NSW 2473

A timeline of how this property has performed in the market
Last Sold
$1,500,000
11 May 2022
  • 11 May 2022
    Sold for $1,500,000
  • 14 Apr 2022
    Listed for Sale Auction
  • 28 Nov 2019
    Listed for Rent $600 / week
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About Evans Head 2473

The size of Evans Head is approximately 21.8 square kilometres. It has 8 parks covering nearly 31% of total area. The population of Evans Head in 2011 was 2,729 people. By 2016 the population was 2,836 showing a population growth of 3.9% in the area during that time. The predominant age group in Evans Head is 60-69 years. Households in Evans Head are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Evans Head work in a professional occupation. In 2011, 53.4% of the homes in Evans Head were owner-occupied compared with 56% in 2016.

Evans Head has 2,413 properties. Over the last 5 years, Houses in Evans Head have seen a 89.81% increase in median value, while Units have seen a 68.35% increase. As at 30 September 2024:

  • The median value for Houses in Evans Head is $1,080,405 while the median value for Units is $684,594.
  • Houses have a median rent of $575 while Units have a median rent of $430.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Evans head on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Evans head.

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