FOR SALE
Sale $750,000 - $795,000

1-8/63 Elizabeth Crescent
Cobar NSW 2835

Bedrooms: 8
Bathrooms: 8
Car spaces: 8
Land area: 1239m2
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Excellent Return 8 Units

For Sale: Exceptional Multi-Unit Property in Cobar - 1-8/63 Elizabeth Crescent**
**Price Guide: $750,000 - $795,000** All Units currently leased for approx. $220 per week giving this incredible investment opportunity with a terrific gross return of approx. 12%.
Discover an outstanding investment opportunity in the heart of Cobar with this remarkable multi-unit property, ideally situated at 63 Elizabeth Crescent. Spanning a generous land area of 1239 sqm, this unique residence offers a total of 8 spacious bedsitters, each unit is furnished and has its own ensuite bathroom and toilet, a communal laundry also offers a washing machine and dryer for your convenience.
Located in a vibrant community, this property is close to local amenities, schools, and recreational facilities. Don't miss your chance to own this exceptional property in Cobar! Contact us today to schedule a viewing and explore the potential that awaits at 1-8/63 Elizabeth Crescent. Contact Nita Skewpeck to arrange an inspection on 0418 962 790
**Property Features:**
• 8 Furnished Bedsitter units
• Each Unit has its own bathroom, ensuring privacy and ease for all occupants.
• Parking: 8 open parking spaces, providing ample room for vehicles.
• Communal Laundry offering a washing machine and dryer.
• Land size approx. 1239 m2
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Property Details for 1-8/63 Elizabeth Cres, Cobar

1-8/63 Elizabeth Cres, Cobar is a 8 bedroom, 8 bathroom House with 8 parking spaces. The property has a land size of 1239m2. The place is currently for sale with Western Plains Real Estate Dubbo.

Building Type
House
Land Size
1239m2

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About Cobar 2835

The size of Cobar is approximately 2,186 square kilometres. It has 16 parks covering nearly 0.4% of total area. The population of Cobar in 2011 was 3,816 people. By 2016 the population was 3,988 showing a population growth of 4.5% in the area during that time. The predominant age group in Cobar is 0-9 years. Households in Cobar are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cobar work in a trades occupation. In 2011, 54% of the homes in Cobar were owner-occupied compared with 55.7% in 2016.

Cobar has 2,537 properties. Over the last 5 years, Houses in Cobar have seen a 14.60% increase in median value, while Units have seen a 75.63% increase. As at 30 November 2024:

  • The median value for Houses in Cobar is $176,278 while the median value for Units is $248,831.
  • Houses have a median rent of $330 while Units have a median rent of $200.
There are currently 5 properties listed for sale, and 5 properties listed for rent in Cobar on OnTheHouse. According to CoreLogic's data, 124 properties were sold in the past 12 months in Cobar.

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Nita Skewpeck
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John Bennett
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Western Plains Real Estate Dubbo
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