FOR SALE
$595,000

2 & 3/102a Albert Street
Taree NSW 2430

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
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PACKAGE DEAL OF TWO UNITS CLOSE TO CBD

Situated not more than 400 metres from the centre of Taree this package sale of two units should appeal to astute investors seeking low maintenance real estate that enjoys excellent proximity to town for all services and amenities.
Comprising of Units 2 and 3 in this neat complex of 5 units this packaged offering gives a buyer the chance to secure two income producing units that are already tenanted.
This investment package currently returns $690 per week (gross) in rental income making for an attractive return of $35,880 per annum (gross).
Running expenses equate to approximately $4456 per annum including Council & Water Rates and building insurance.
Each units offers:-
Air conditioned main living rooms including kitchen, dining and lounge.
Two bedrooms, both with fitted robes.
Modern kitchen with under bench oven and cook top.
Bathroom offer shower and toilet.
Internal laundry.
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Property Details for 2 & 3/102a Albert St, Taree

2 & 3/102a Albert St, Taree is a 4 bedroom, 2 bathroom Unit with 3 parking spaces. The place is currently for sale with Elders Real Estate Taree.

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Unit

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About Taree 2430

The size of Taree is approximately 47.8 square kilometres. It has 44 parks covering nearly 5.7% of total area. The population of Taree in 2011 was 15,848 people. By 2016 the population was 16,214 showing a population growth of 2.3% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a professional occupation. In 2011, 59.7% of the homes in Taree were owner-occupied compared with 58.5% in 2016.

Taree has 9,602 properties. Over the last 5 years, Houses in Taree have seen a 58.27% increase in median value, while Units have seen a 40.60% increase. As at 31 October 2024:

  • The median value for Houses in Taree is $460,229 while the median value for Units is $343,340.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 105 properties listed for sale, and 32 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 376 properties were sold in the past 12 months in Taree.

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Troy Loretan
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Elders Real Estate Taree
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