8 Sovereign Street, Iluka NSW 2466
This property is Off Market
- Last sold 10/9/2023 for $697,500. The Average property price in this area is $867,295, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 1.71 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential flood risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/24/2024 111 SPENSER ST $890,000
- 10/17/2024 47 RIVERVIEW ST $520,000
- 10/8/2024 40 SOVEREIGN ST $750,000
- 10/4/2024 1 CHARLES ST $820,000
- 10/3/2024 54 SOVEREIGN ST $390,000
About Maclean - Yamba - Iluka
With an average age of 64, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $393. The average family earns a weekly income of $941 with a typical household size of 2 and a 84.13% employment rate.
In Iluka there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Iluka is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Iluka changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Iluka to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Iluka we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Iluka a better buying opportunity than it may have been in the past.
Public Transport
Iluka Wharf
General Points of Interest
Yamba Bowling Club
Yamba Bowls Club
Iluka Golf Club
Club Iluka
Yamba War Memorial
Sunrise Spot with seat
Yamba Shopping Fair
Yamba Ocean Pool
Yamba Golf & Country Club
Population
(Country of Birth not stated 6%)
Are people healthy?
There are a recorded 2231 asthma sufferers and 1478 people living with diabetes. In addition, 1316 people have a heart/vascular condition and 3074 people live with three or more chronic diseases.A good place to invest in property?
Maclean - Yamba - Iluka a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
06 / 100
31 / 100
Industry
13 / 100
22 / 100
Population
16 / 100
19 / 100
House Prices
49 / 100
60 / 100
Jobs
18 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsIluka PS Maclean HS
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Pacific Valley Christian School
Townsend, NSW, 2463 Independent K-12 -
St James' Primary School
Yamba, NSW, 2464 Independent K-6 -
Maclean Public School
Maclean, NSW, 2463 State K-6 -
Valley Hope School
Townsend, NSW, 2463 Independent U -
Iluka Public School
Iluka, NSW, 2466 State K-6 -
Gulmarrad Public School
Gulmarrad, NSW, 2463 State K-6 -
Yamba Public School
Yamba, NSW, 2464 State K-6 -
Harwood Island Public School
Harwood, NSW, 2465 State K-6 -
Palmers Island Public School
Palmers Island, NSW, 2463 State K-6 -
Chatsworth Island Public School
Chatsworth, NSW, 2469 State K-6
Property Story
8 Sovereign Street, Iluka, Nsw, 2466 is a residential property . The estimated distance to the sea is only 1.71km and 0.01KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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