33 Waranga Crescent, Burringbar NSW 2483

33 Waranga Crescent, Burringbar NSW 2483
Corner block 2 acres | rich volcanic soil | renovated shed house | building entitlement for second home The propertyโ€™s competitive strength lies in its rare combination of a large, fertile corner block with building entitlement in a tightly held semi-rural pocket near the Tweed Coast. The 8000 mยฒ of level volcanic soil supports intensive farming and livestock, while the existing renovated shed house offers immediate occupancy with industrial charm, polished concrete, and a large carport. This configuration best suits a buyer seeking a productive hobby farm or dual-occupancy potential, as the site can accommodate a second home, increasing long-term flexibility and value. The primary risk is the lack of recent comparable sales data, making precise valuation difficult; the estimated $1.3 million must be verified against current market conditions and any subdivision constraints. The 2018 sale price was undisclosed, and the adjacent larger property listed at $2.4 million suggests upward pressure but also a wide pricing band. Opportunities include leveraging the building entitlement to construct a second dwelling for rental income or family use, while the established fruit trees and bird life add lifestyle appeal without extra cost. Hold this property as a dual-income small farm or develop the second home to capture rising demand for acreage near Byron Bay.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Burringbar presents a mature, established market with a stable but currently static price environment. Demand is driven by a settled demographic of local professionals and tradespeople, creating a steady but limited buyer pool. Recent market conditions reflect a clear buyer’s advantage, with extended selling periods and a notable oversupply requiring realistic vendor expectations. Future organic growth appears constrained by this supply-demand imbalance, with the market’s trajectory dependent on a significant shift in these fundamentals.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

6

Land

8,001mยฒ

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