26 Martin Street, Ballina NSW 2478
26 Martin Street, Ballina NSW 2478
Detached house on 829m² | 3 bed 2 bath | Flood overlay flagged | Large land in central Ballina | Family-oriented demand
This property stands out for its land size. An 829m² block in a central Ballina location is uncommon, especially when much of the nearby stock is villas, units, or smaller houses on 500–600m² lots. The extra bathroom over typical villa offerings adds practical appeal for families or those wanting separation between living zones. It suits an owner-occupier looking for a long-term family home with room to extend, renovate, or simply enjoy outdoor space, rather than an investor chasing high yield from a compact unit. The detached form, combined with residential zoning and no heritage or bushfire constraints, gives it a flexibility that attached housing does not offer.
The flood overlay is the main factor to weigh. It may affect insurance costs, future development approvals, or buyer perception, even if the property has not flooded historically. The 2023 sale price of $945,000 provides a baseline, but the current market may support a higher figure given land scarcity and demand for larger parcels. The 485m² floor area figure is uncertain and should be verified, as it could significantly alter how the internal space is perceived. A buyer should inspect the building condition, age, and layout personally, as these will drive value more than the land alone. The rental estimate suggests moderate yield, but the real opportunity lies in land appreciation and lifestyle appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Martin Street, Ballina NSW 2478
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
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: 1 Hickey Place, Ballina – $513,500 (2018, 506m², 3/2/1) | 2/47 Martin Street – $750,000 (3/1 villa, single garage) | Property Price Band: $1.2M–$1.3M | Value Drivers: Land size, flood overlay impact, building condition and layout
Bedrooms
3
Bathroom
2
Parking
2
Land
829m²
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