2/116 Stuart Street, Mullumbimby NSW 2482
2/116 Stuart Street, Mullumbimby NSW 2482
Compact central unit | likely 2-bed 1-bath | part of small strata complex | scarce town-centre stock | mixed-use setting
This property offers a rare entry point into central Mullumbimby without the land size or price weight of the street’s detached character homes. Its position within a small unit complex suggests lower-maintenance living, walkability to town services, and a configuration that suits first-time buyers, downsizers, or investors seeking compact stock in a tightly held area. The unit format is materially more affordable than the larger houses nearby, yet it still delivers the convenience of a town-centre address. Buyers who value proximity over space, and who prefer a lock-and-leave lifestyle, will find this most appealing.
Value may be influenced by the unit’s internal condition, natural light, and any outdoor space or parking, none of which have been confirmed. The mixed-use zoning along parts of Stuart Street could add activity and traffic, which might reduce privacy but also supports local convenience and potential flexibility. Comparable sales within the same complex suggest modest price points relative to detached homes on the street, so the unit’s appeal rests on its central location and compact format rather than land size. Buyers should weigh the trade-off between smaller footprint and superior walkability when forming a view.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/116 Stuart Street, Mullumbimby NSW 2482
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Mullumbimby, a Byron Shire lifestyle market, is driven by local families and out-of-area buyers drawn to school catchments and a 36-year sales history. House median is $1,145,000 after 17.44% annual growth; units sit at $890,000, up 11.95%. With 91 house sales and 21 listings, stock turns in 59 days. Rental yields of 4.45% (houses) and 4.47% (units) and weekly rents of $930/$650 keep demand steady; only eight rentals are vacant. Affordability is the binding constraint—2,414 properties and intermittent unit sales signal thin supply. The market trades near its long-term trend; future growth relies on connectivity via Main Arm Road and Dalley Street, but any demand slowdown would expose price sensitivity.
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PropCred Estimated Value
Comparable Sales: 5/116 Stuart Street sold for $565,000 in 2021 | Property Price Band: $550,000–$650,000 | Value Drivers: central position, compact unit format, complex condition
Bedrooms
2
Bathroom
1
Parking
1
Land
119m²
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