1/125 Woodburn Street, Evans Head NSW 2473
1/125 Woodburn Street, Evans Head NSW 2473
Central unit in Evans Head town core | Walkable to beach and river | Mixed-use zone context | Tightly held coastal market | Investor and downsizer appeal
The unit is positioned within the central core of Evans Head, where stock is limited and rarely offered. Its configuration is understood as a townhouse-style dwelling, placing it in a mixed-use corridor with pedestrian access to the beach, river, shops, and cafes. This central location is considered advantageous because a coastal lifestyle is combined with walkability. The property is expected to appeal most to owner-occupiers wanting a low-maintenance base and to investors seeking rental demand from the town’s lifestyle pull. Central placement and limited supply are seen as giving the unit a distinct rarity in the local market.
The property’s value may be shaped by the mixed-use zone, where commercial activity might be brought to the streetscape. The building’s age and condition might require updating, thereby affecting price. Town-centre exposure may reduce quiet and outdoor space. Repositioning potential within the zone may be weighed by buyers, as that could add value beyond standard residential use.
>> Comparable Sales: 47-49 Woodburn Street sold in March 2016 for $950,000 | Property Price Band: $650,000–$750,000 | Value Drivers: central location, unit condition, mixed-use zone flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 1/125 Woodburn Street, Evans Head NSW 2473
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Evans Head is a tightly held 22 sq km market; annual sales volume of 29-39 houses signals thin supply. Demand is led by older professionals, the dominant 60-69 cohort, pointing to lifestyle and downsizer buying rather than first-home activity. House prices span $950,000 to $1.25 million depending on source; three-bedroom houses sit at $850,000, up 3.7% annually, while overall house growth estimates range from 1.0% to 5.0%. Units have firmed: median unit price $750,000 (+4.6%), two-bedroom units $610,000 (+13%), with a gross yield of 4.5%. Three-bedroom house rents are $650 per week. Population growth of 2.11% (2016-2021) and continued turnover underpin future demand. However, affordability is a constraint-local incomes are modest against these prices-and thin sales volumes, plus below-trend growth of 1.5% over the past year, indicate rate sensitivity and limited liquidity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1068m²
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