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255 Terranora Road

Banora Point, NSW 2486, Australia
Auction In-Rooms Tuesday 2nd June 6pm
5 bed 2 bath 6 car8460m²

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About this property

Located on an elevated 8460m2 parcel of land (just over 2 acres) in Banora Point is this original and spacious family residence offering distant panoramic views over Banora Point and ocean views north towards Coolangatta and the Gold Coast When driving into the property you are enveloped by a canopy of established trees before the original single level house is revealed and situated at a particular location to capture the best views. From the highest point the property is generally level and the land gently slopes down toward the street. This property is a blank canvas ready for renovation and the floor plan inside is spacious with separate formal lounge and dining, meals area, formal entry, kitchen with walk in pantry, main bedroom with possible conversion to a granny flat with its own bathroom and entrance at one end of the property, and in the other end of the house are 4 other bedrooms and study. This home features multiple living areas, perfect for entertaining guests or simply relaxing with the family. With 5 bedrooms plus study and two bathrooms, a double garage plus a concreted area for another 6 cars or parking for Caravan or Boat, there is plenty of space for everyone. There is a very easy conversion that can be done to achieve a dual living property due to the layout of the main bedroom having its own bathroom and separate entrance, with a formal lounge adjacent which opens up a world of possibilities with teenager or in-law accommodation. Step outside to discover a tranquil outdoor space, ideal for enjoying the stunning views and fresh air and to the rear of the property you may think you are in another world. Whether its creating your own hobby farm, or the want to keep a horse or should you need abundant space for a growing family with plenty of room for the largest of sheds or a pool while still being conveniently close to schools, shops, and amenities. Don't miss this opportunity to purchase one of the few blocks available of this size in this area, let alone in Banora Point. Please note property is tenanted and currently a month to month tenancy at $835pw and tenants in place since 2020. Furthermore the internal photos were taken prior to tenancy to respect the tenants privacy, and furniture shown in imagery is virtual furniture. Council Rates $3928 per annum Contact Exclusive Listing David Preston on 0407127999 for full details

Property Features

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    Repayment calculator

    $6,302/month
    $3,151 /fortnight
    Loan $1,040,000 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$260,000
    Stamp duty$51,724
    Conveyancing (est.)$2,000
    Total upfront$313,724
    Verify with NSW revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    5
    Bathrooms
    2
    Parking
    6
    Land Area
    8460m²
    Listed
    2 months ago

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