FOR SALE
$570,000

227 Edward Street
Hay NSW 2711

Bedrooms: 15
Bathrooms: 6
Car spaces: 10
Land area: 1841m2
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Unique block of 6 Units....

Looking for an exciting investment opportunity in the heart of Hay? Look no further than 227 Edward St, a stunning 1,841m2 block of land that's brimming with potential!
Designed over two levels, this property boasts six spacious units that are just waiting for you to snap up and make your own. With four 2-bedroom units, one 3-bedroom unit, and a 4-bedroom apartment (upstairs) with a sprawling wrap-around verandah, there's plenty of room for everyone to live and relax in style.
But that's not all - this property also features a large lock-up garage with an office, a HUGE lock-up shed with the potential to lease out, and two-street access for easy accessibility. Plus, with a large car park at the rear of the property off Maiden Lane, your tenants and guests will always have plenty of parking options.
Sure, this property may need some work, but trust us - the potential is truly limitless. And with its prime location in close proximity to the town's centre, Library, and public school, this real estate gem is simply too good to miss.
Investors will also appreciate the potential rental return of the property. The property is currently returning $645 per week, with the potential of increasing the return to $1,085, via renting the current vacant units and shedding, making it a smart investment choice that is sure to bring in reliable returns.
Don't wait, get ready to elevate your real estate portfolio to the next level with 227 Edward St!
For further information including an information pack of the property, please contact Trent on 0407 813983
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property Details for 227 Edward St, Hay

227 Edward St, Hay is a 15 bedroom, 6 bathroom BlockOfUnits with 10 parking spaces. The property has a land size of 1841m2. The place is currently for sale with TLC Real Estate.

Building Type
BlockOfUnits
Land Size
1841m2

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About Hay 2711

The size of Hay is approximately 1,946.9 square kilometres. It has 13 parks covering nearly 4.3% of total area. The population of Hay in 2011 was 2,445 people. By 2016 the population was 2,390 showing a population decline of 2.2% in the area during that time. The predominant age group in Hay is 50-59 years. Households in Hay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hay work in a labourer occupation. In 2011, 65.6% of the homes in Hay were owner-occupied compared with 63.2% in 2016.

Hay has 1,651 properties. Over the last 5 years, Houses in Hay have seen a 81.29% increase in median value, while Units have seen a 21.95% increase. As at 30 November 2024:

  • The median value for Houses in Hay is $223,782 while the median value for Units is $182,766.
  • Houses have a median rent of $260 while Units have a median rent of $180.
There are currently 6 properties listed for sale, and no properties listed for rent in Hay on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Hay.

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