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Location

Market Insights for Ballina NSW 2478

New Listings (last 30 days)

Average price

$1,653,537

Lowest price

$415,000

Highest price

$5,000,000

185 Tamar Street, Ballina NSW 2478

$860,000 - $900,000

Search Band

$860k - $903k Transparent Based on an openly advertised listing price.

House 3 beds 1 bath 1 car 809 m²

Listed: 28 days ago

Updated: yesterday

Overview

Situated on a substantial 809-square-metre north-facing block in the heart of Ballina, this property offers a unique blend of comfortable living and exciting development potential. The existing home, comprising three bedrooms with built-in wardrobes and ceiling fans, provides a functional and cozy environment enhanced by a split-system air conditioning unit and a connected NBN fibre-to-the-premises setup.

Investors and first home buyers alike will find appeal in the established tenancy generating $700 per week until February 2027, underlining the property's steady income potential in a competitive rental market. The generous land size is complemented by valuable side access and a north-facing backyard, ideal for outdoor activities or potential expansions.

Further interest is warranted from developers, as the property is zoned R3 Medium Density Residential. Architectural plans for a duplex development are available, presenting an opportunity for substantial future capital growth and redevelopment in a sought-after location.

Convenient central Ballina location with excellent access to amenities
Three comfortable bedrooms with built-in wardrobes and ceiling fans
Separate toilet and garden shed adding to practical living conveniences
North-facing rear yard with side access, enhancing outdoor usability and development options
Current income from tenant established in a high-demand rental area
Potential for redevelopment under R3 Medium Density Residential zoning with proposed duplex plans

This property will suit a diverse range of buyers: first home buyers seeking an entry-level home, investors looking for reliable rental income, and developers aiming for a medium density residential project. Its location ensures a lifestyle marked by convenience, while the scale and zoning of the land offer a canvas for future opportunities.

Local Market Insights

In Ballina, Quiet Listings observed 41 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $1,653,537. The property type mix of listed properties is predominantly Houses at 65%, followed by townhouses (9%), and units (6%). The most active agency for houses in the Ballina area is currently McGrath Estate Agents, representing 37% of new listings, followed by Belle Property with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.