11/1 Cherry Street, Ballina NSW 2478
11/1 Cherry Street, Ballina NSW 2478
Compact strata villa | likely single-level | near North Creek and Cawarra Park | established low-rise precinct | flood zone awareness | suited to downsizers and investors
This property sits within a well-established, low-rise villa corridor on Cherry Street, where compact strata housing is the norm rather than the exception. The likely configuration of two bedrooms, one bathroom, and a single car space places it firmly in the entry-to-mid market segment, appealing strongly to downsizers, retirees, and investors seeking low-maintenance, courtyard-style living. Its proximity to North Creek and Cawarra Park adds a genuine lifestyle edge, while the central Ballina location ensures easy access to civic and commercial services. For a buyer prioritising single-level convenience and a quiet, established neighbourhood, this represents a practical and enduring choice.
The property’s value may be shaped by its position within a known flood zone, a factor common to nearby villa stock and one that could influence insurance costs and long-term resale appeal. Its older construction era might also mean higher sensitivity to strata levies and maintenance expectations compared with newer builds. That said, the northerly courtyard aspect typical of the street, combined with the compact, manageable footprint, may offset these considerations for the right buyer. Weighing the balance between lifestyle convenience and these potential constraints will be key when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/1 Cherry Street, Ballina NSW 2478
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Ballina presents a mature coastal market where demand is anchored by older professionals and trades, alongside a pronounced retiree cohort in the 60–79 age bracket. House prices sit at a $950,000 median with a 3.1% compound annual growth rate, while units have delivered stronger momentum at 10.8% growth to a $720,000 median. Rental demand remains firm, with houses at $755 weekly and units at $600, supporting gross yields of 4.3% and 4.5% respectively. Annual house sales of 93 transactions signals a thin, tightly held market rather than speculative turnover. The primary constraint is affordability – the entry point is high relative to local earnings – but the limited sales pipeline and steady yield compression suggest balanced conditions. Future growth will likely hinge on continued retirement migration and the relative value of units versus detached housing.
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PropCred Estimated Value
Comparable Sales: 8/1 Cherry Street sold for $1,125,000 in January 2025; 7/143 Cherry Street sold for $365,000 in 2015 | Property Price Band: $500,000–$600,000 | Value Drivers: condition, courtyard orientation, flood zone status
Bedrooms
2
Bathroom
2
Parking
1
Land
1099m²
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