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Sold on 29 Jan 2024 - Price Unavailable

2/24 Alternative Way
Nimbin NSW 2480

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 2/24 Alternative Way, Nimbin

2/24 Alternative Way, Nimbin is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Nimbin in the last 12 months.

Building Type
Unit
Local Government
Lismore
Lot/Plan
2/SP102257

Last Listing description (January 2024)

Nimbin’s local award winning agent, Uri Ross, proudly present 2/24 Alrernative Way, Nimbin. Located within the village is this neat newly built two bedroom one bathroom unit.

Both structures were built by a local builder in the past two years and are still of course, under builders warranty.

The home boasts beautiful hardwood floors that run throughout the open plan living areas which flow out onto the north facing deck which are spoilt with rustic bridge timbers, a great spot to soak up the sun.

The bedrooms are both carpeted, have built in robes and ceiling fans. A split system air conditioner is also installed to optimise your preferred climate.

The open plan living is warm and welcoming. The kitchen is equipped with gas cooking, an electric oven, dishwasher and and leathered finish, real granite bench tops. Adjacent is the study and to the rear is the laundry. Hardwood shiplap cladding at the entrance gives the property an instantly appealing vibe.

The unit is strata titled but there are NO strata fees as there is only 2 structures on the property. The only rule is the owners must have house insurance, and the only shared property is the driveway.

The home has a small amount yard space so it will appeal to a buyer who is after minimal maintenance and maximum relaxation.

The property is currently tenanted for $470 per week and all inspections will require a minimum of 48 hours notice. The tenants lease is valid until 28/11/2023 and they would like to continue their tenancy.

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Property History for 2/24 Alternative Way, Nimbin, NSW 2480

A timeline of how this property has performed in the market
Last Sold
29 Jan 2024
  • 29 Jan 2024
    Sold for $500,000
  • 13 Sep 2023
    Listed for Sale $550,000
  • 22 Dec 2020
    Sold for $150,000

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About Nimbin 2480

The size of Nimbin is approximately 72.9 square kilometres. It has 5 parks covering nearly 3.1% of total area. The population of Nimbin in 2011 was 1,667 people. By 2016 the population was 1,474 showing a population decline of 11.6% in the area during that time. The predominant age group in Nimbin is 50-59 years. Households in Nimbin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nimbin work in a professional occupation. In 2011, 69.4% of the homes in Nimbin were owner-occupied compared with 68.8% in 2016.

Nimbin has 953 properties. Over the last 5 years, Houses in Nimbin have seen a 70.90% increase in median value, while Units have seen a 80.02% increase. As at 30 September 2024:

  • The median value for Houses in Nimbin is $677,473 while the median value for Units is $489,153.
  • Houses have a median rent of $540.
There are currently 42 properties listed for sale, and 2 properties listed for rent in Nimbin on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Nimbin.

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