16 Recreation StreetTweed Heads NSW 2485
Property Details for 16 Recreation St, Tweed Heads
16 Recreation St, Tweed Heads is a 12 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 910.5m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 12 bedroom BlockOfUnits sold in Tweed Heads in the last 12 months.
Last Listing description (October 2024)
Never before offered for sale, this well-kept apartment complex of six separate 2 bedroom apartments offers endless opportunities for investors or developers. Directly opposite Recreation Park and just 3 mins to Coolangatta Beach, astute buyers will recognise the potential to add immense value to this property. Zoned medium density, there is the exciting prospect of future re-development STCA, while enjoying substantial rental income.
- Level 910.5m2 block opposite Tweed's peaceful Recreation Park
- Short 5 min cycle to Coolangatta's CBD or famed surfing beaches
- Solid and substantial brick building maintained in good condition
- Three lock up garages plus an off-street triple carport for tenants
- Outstanding location within easy walking distance to all amenities
- Coolangatta CBD and Tweed Mall are less than a kilometre away
- Minutes to child care centres, primary schools and Club Tweed
- Continue to lease all units for healthy income or re-develop STCA
- Complete rental appraisal and report available on request
Property History for 16 Recreation St, Tweed Heads, NSW 2485
- 06 Nov 2024Listed for Rent $550 / week
- 14 Oct 2024Sold for $2,250,000
- 04 Sep 2024Listed for Sale $2,250,000
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About Tweed Heads 2485
The size of Tweed Heads is approximately 4.5 square kilometres. It has 15 parks covering nearly 12.6% of total area. The population of Tweed Heads in 2011 was 7,525 people. By 2016 the population was 8,171 showing a population growth of 8.6% in the area during that time. The predominant age group in Tweed Heads is 60-69 years. Households in Tweed Heads are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tweed Heads work in a professional occupation. In 2011, 57.5% of the homes in Tweed Heads were owner-occupied compared with 58.3% in 2016.
Tweed Heads has 6,857 properties. Over the last 5 years, Houses in Tweed Heads have seen a 73.88% increase in median value, while Units have seen a 74.45% increase. As at 31 October 2024:
- The median value for Houses in Tweed Heads is $1,102,895 while the median value for Units is $808,447.
- Houses have a median rent of $700 while Units have a median rent of $695.
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