Situated just minutes from the centre of Ballina with everything on your doorstep in the beautiful Ballina Heights estate. With the selection of nearby Private and State schools and Childcare centres, as well as being just minutes to a selection of beaches including Lennox Heads, and a short drive to Byron Bay – all this and the convenience of a selection of shopping outlets makes this a great place to live.
Ballina Heights Estate already boasta over 300+ homes, and you can buy here with confidence that the growth, roads, facilities are already in place and progressing as planned. Elevated views with a breathtaking landscape of rolling hills and natural waterways, a spacious estate, this is a prime opportunity.
• Ballina house price growth over past 3 years is 28%
• Median house price $707,500 – up from $615,000 12 months ago
• Largest demographic: established couples and families 24.1% of population
• Ballina Airport flights to Sydney, Melbourne, Newcastle and more
This Opportunity:
DUPLEX: Total of 8 beds, 4 baths, 4 cars
Address: Lot 553 BALLINA HEIGHTS ESTATE, CUMBALUM NSW 2478
Land: 900m2 Land Price: $360,000
Duplex: Total size 375m2 Total build cost: $681,300
Unit 1: size – 189.25m2 4 beds, 2 baths, 2 cars
Unit 2: size – 185.73m2 4 beds, 2 baths, 2 cars
Rental Estimate: $1180 per week combined – Gross yield 5.9%

Equity Increase: Local Sales Agencies have provided estimates of completed value when strata titled at:
• $525,000 to $550,000 and also $560,000 to $600,000 – there is estimated instant equity of $118,700

To Purchase:
Expression Of Interest plus holding deposit of $1000
On exchange of Land contract deposit to be paid to equal 10% of land price
On exchange of Build Contract 5% deposit to be paid calculated on the cost of the build
Finance 21 days from contract date
Land settlement 14 days from finance approval
TWO CONTRACT purchase only (no SMSF)

For Sale: $1,041,300

Kaye Tilley 0418 823 046
John Tilley 0417 04 14 24