FOR SALE
$690,000-$749,000 - Potential Return $45,240 p/a

51 & 51a Phillip Street
Raymond Terrace NSW 2324

Bedrooms: 5
Bathrooms: 2
Car spaces: 1
Land area: 689m2
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INVESTMENT OPPORTUNITY: DUAL OCCUPANCY

Attention investors! Great opportunity to secure a dual occupancy property with a solid rental return. This property is perfect for maximizing rental income or accommodating extended family members.
Key features:
- Main dwelling offering three bedrooms, two bedrooms with built in robes and all with ceiling fans
- Good sized living area featuring reverse cycle air conditioning and ceiling fan
- Well-appointed kitchen offering plenty of cupboard and bench space with adjoining dining room
- All in one main bathroom
- Large laundry with yard access
- Generous sized fully fenced back yard
The second dwelling at the rear is detached from the main house and offers an air conditioned living space, two bedrooms both with built in robes, open plan living with modern kitchen, combined bathroom and laundry, while also offering a separate carport, storage shed and a fully fenced yard for privacy.
This type of property is a rare find and opportunities like this do not come around often.
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Property Details for 51 & 51a Phillip St, Raymond Terrace

51 & 51a Phillip St, Raymond Terrace is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 689m2. The place is currently for sale with STEVE BATES REAL ESTATE.

Building Type
House
Land Size
689m2

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About Raymond Terrace 2324

The size of Raymond Terrace is approximately 33.8 square kilometres. It has 27 parks covering nearly 34.7% of total area. The population of Raymond Terrace in 2011 was 12,724 people. By 2016 the population was 12,788 showing a population growth of 0.5% in the area during that time. The predominant age group in Raymond Terrace is 0-9 years. Households in Raymond Terrace are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raymond Terrace work in a trades occupation. In 2011, 58.9% of the homes in Raymond Terrace were owner-occupied compared with 57% in 2016.

Raymond Terrace has 6,716 properties. Over the last 5 years, Houses in Raymond Terrace have seen a 73.66% increase in median value, while Units have seen a 56.95% increase. As at 31 July 2024:

  • The median value for Houses in Raymond Terrace is $582,051 while the median value for Units is $423,929.
  • Houses have a median rent of $550 while Units have a median rent of $430.
There are currently 33 properties listed for sale, and 14 properties listed for rent in Raymond terrace on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Raymond terrace.

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Suburb Insights for Raymond Terrace 2324

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Lauren Hair
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STEVE BATES REAL ESTATE
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