FOR SALE
$3,000,000

110-112 Church Street
Mudgee NSW 2850

Bedrooms: 8
Bathrooms: 6
Car spaces: 6
Land area: 1210m2
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The Sherry Nelthorpe Terrace stands as a landmark structure at the core of Mudgee's CBD, offering a multitude of possibilities. This versatile property offers the ability for short-term accommodation, residential tenancies or a blend of purposes. Fully leased from this November to mid February by the same repeat company offering exceptional returns for the incoming investor.
Set in strategic pocket of Mudgee, one of the fastest growing precincts in NSW. With an average annual growth rate of 16.76% over the past 3 years and over 22 state significant developments planned for the region, now is a great time to invest in high yielding residential real estate.
- Four one-bedroom and two two-bedroom residential units
- Stunning double terrace facade, an iconic Mudgee building
- Annual revenue from Short term bookings $331,543.56(2023), $366,555.70(2022)
- Proven performer as a short-term accommodation business
- Furnished rental potential $161,200 -176,800 pa
- Unfurnished rental potential - $121,680 - $146,640 pa
- Meticulously upgraded with high quality finishes
- Generous 1210m2 site with dual access and off-street parking
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Property Details for 110-112 Church St, Mudgee

110-112 Church St, Mudgee is a 8 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 1210m2. The place is currently for sale with MCGRATH CENTRAL TABLELANDS.

Building Type
BlockOfUnits
Land Size
1210m2

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About Mudgee 2850

The size of Mudgee is approximately 29.7 square kilometres. It has 28 parks covering nearly 29.6% of total area. The population of Mudgee in 2011 was 9,829 people. By 2016 the population was 10,912 showing a population growth of 11.0% in the area during that time. The predominant age group in Mudgee is 0-9 years. Households in Mudgee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mudgee work in a trades occupation. In 2011, 60.8% of the homes in Mudgee were owner-occupied compared with 59.7% in 2016.

Mudgee has 7,099 properties. Over the last 5 years, Houses in Mudgee have seen a 71.73% increase in median value, while Units have seen a 80.42% increase. As at 31 October 2024:

  • The median value for Houses in Mudgee is $677,170 while the median value for Units is $451,802.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 76 properties listed for sale, and 42 properties listed for rent in Mudgee on OnTheHouse. According to CoreLogic's data, 297 properties were sold in the past 12 months in Mudgee.

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Adam Woods
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