FOR SALE
$380,000

406 Cadell Street
Hay NSW 2711

Bedrooms: 7
Bathrooms: 3
Car spaces: 5
Land area: 828m2
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Attention Investors!

Discover an outstanding opportunity at 1-3/406 Cadell Street, Hay. This exceptional block of units comprises seven bedrooms and three bathrooms across a substantial 828 square metre land parcel. With a configuration of two cosy 2-bedroom units and a more spacious 3-bedroom unit, each unit benefits from individual carports, catering to a variety of tenant needs.
Unit 1 has undergone a refurbishment, featuring fresh paintwork, an updated bathroom, and new carpet tiles, making it ready for immediate occupation or rental. Unit 2 remains in its original condition, currently hosting long-term tenants, signalling reliable income continuity. Unit 3 is in average condition, presenting further potential to enhance and maximise returns.
The property includes a large tandem lock-up shed at the rear, which presents an additional revenue stream; it could be coupled with the 3-bedroom house or leased separately as a storage unit. 
The current rent potential stands at an attractive $565 per week, broken down as follows:
- Unit 1: $180 per week - vacant
- Unit 2: $140 per week - tenant on periodical lease
- Unit 3: $210 per week - vacant
- Shed: $35 per week - vacant
Strategically positioned just one block away from the local swimming pool and a mere two blocks from the bustling CBD, this investment assures both convenience and appeal. Murphys Lane flanks the property, ensuring easy access for all occupants. 
Secure this versatile investment package and watch your portfolio flourish in the heart of Hay.

Property Details for 406 Cadell St, Hay

406 Cadell St, Hay is a 7 bedroom, 3 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 828m2. The place is currently for sale with TLC Real Estate.

Building Type
BlockOfUnits
Land Size
828m2

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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 1,647 properties. Over the last 5 years, Houses in Hay have seen a 103.22% increase in median value, while Units have seen a -0.62% decrease. As at 31 October 2024:

  • The median value for Houses in Hay is $226,919 while the median value for Units is $197,555.
  • Houses have a median rent of $260 while Units have a median rent of $180.
There are currently 5 properties listed for sale, and no properties listed for rent in Hay on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Hay.

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Trent Lloyd
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