18 Buchanan Street Ballina NSW

Spanning a large 975m2 block at the end of a peaceful cul-de-sac, this versatile Ballina property offers outstanding income potential with a 5% return for investors.

Featuring two separate homes each with their own private entry from the dual access block, this attractive income producing property lies in one of the most convenient enclaves of central Ballina.

Walk just 550m to Ballina Fair shopping centre with its cinema, cafes and multiple shopping options, or enjoy close access to the array of speciality stores, riverfront restaurants and vibrant community feel of River Street. Drop the kids at school with ease, with a choice of private and public schools close by, and embrace easy outdoor living with a range of sports fields and the lovely community gardens just a stroll from the front door. Spend leisurely weekends at the Sunday Farmers’ markets, enjoy a surf at a choice of world class beaches or traverse the area’s network of scenic coastal walking and cycling trails – all just a short drive from home.

‘Residence 1’ fronts the quiet, leafy surrounds of Buchanan Street and offers a well-presented two storey floorplan with hardwood timber flooring throughout. There’s three bedrooms plus a contemporary bathroom on the light and airy upper level, with two of the bedrooms opening out to a north-facing balcony. On the living level, the open plan living area features air conditioning and flows through to the kitchen and dining area or covered front porch.

A huge level, fully-fenced backyard offers ample space for the kids and pets to run around, while the lock-up garage offers a handy workshop area.

Offering dual private access via Broadbents Lane (or secure gated access from the long driveway), ‘Residence 2’ is a charming two bedroom modern cottage complete with a large covered deck and contemporary air conditioned interiors. Featuring an open plan living area, high ceilings plus a modern kitchen with dishwasher, this single level ‘move-in ready’ home is an ideal space for comfortable multi-generational living.

Both residences are currently tenanted and offer healthy ongoing rental returns. Capitalise on the competitive rental market with two separate homes on the one block, or live in one and lease the other for passive onsite income.

Positioned in a quiet pocket of central Ballina with an impressive selection of shopping, schools, dining and leisure options all within easy reach, this versatile property is a mere 30 minutes from the world famous heart of Byron Bay.

Property Specifications

• Large 975m2 dual access block in a quiet Ballina enclave
• Close to major shopping centres, schools and the vibrancy of River Street
• Beaches, markets, restaurants and sports fields minutes from home
• Two separate fully self-contained residences offer multiple income streams
• Both properties are fully fenced with potential for strata subdivision (STCA)
• Residence 1 is an original yet well kept three bedroom, two storey home
• North facing balcony off the upper level bedrooms plus a modern bathroom
• Huge fully fenced backyard ideal for children and pets to play
• Lock-up garage with workshop, security screens throughout
• Ample room to modernise if desired and add a pool STCA
• Separate two bedroom cottage with access from Broadbents Lane
• Modern design with a large covered entertaining deck
• Contemporary kitchen with gas cooktop and dishwasher
• High ceilings to the open plan living area plus a single carport
• Dual access electric gates for easy drive through entry/exit
• Both properties currently leased offering ongoing rental income
• Live in one, lease the other or enjoy easy multi-generational living



Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it. All interested person/s should rely on their enquiries.