FOR SALE
$460,000 - $470,000

44 South Parade
Wagga Wagga NSW 2650

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 480.56m2
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Prime Investment Opportunity in High-Demand Location

This quaint red brick two-bedroom cottage is positioned in a ultra convenient location just 800 meters from Wagga Base Hospital, medical centers, cafes, and eateries. Recently renovated, with a good sized yard with plenty of room to put a new shed/garage (Subject to Council Approval). This cottage is ideal for savvy investors seeking strong rental returns and future growth potential.
- Light-filled living area with new floating floors, fresh paint and new roller blinds
- Two spacious bedrooms, plenty of room for a king-size bed in the master
- Fully renovated kitchen with stainless steel appliances, gas cooking and dishwasher
- Large rear yard with drive-through access with plenty of room to build a new shed/garage (Subject to Council Approval)
- Year-round comfort with a reverse cycle unit located in the main living area plus gas bayonet heating
- Strong rental yield currently rented at $465 per week until 18/12/2024, offering immediate cash flow
With its fantastic location, spacious living area, and modern finishes, and light-filled rooms, this property presents an exceptional opportunity for investors to secure a solid asset in a high-demand rental market. Don't miss out on securing this high-performing investment, contact us today to arrange an inspection.
Council Rates: $2,274.73 per annum
*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Property Details for 44 South Pde, Wagga Wagga

44 South Pde, Wagga Wagga is a 2 bedroom, 1 bathroom House. The property has a land size of 480.56m2. The place is currently for sale with Macarthur Real Estate Agency.

Building Type
House
Land Size
480.56m2

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About Wagga Wagga 2650

The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.

Wagga Wagga has 6,035 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 64.07% increase in median value, while Units have seen a 56.42% increase. As at 30 September 2024:

  • The median value for Houses in Wagga Wagga is $562,557 while the median value for Units is $348,780.
  • Houses have a median rent of $490 while Units have a median rent of $380.
There are currently 78 properties listed for sale, and 69 properties listed for rent in Wagga wagga on OnTheHouse. According to CoreLogic's data, 253 properties were sold in the past 12 months in Wagga wagga.

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Gill Davies
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Macarthur Real Estate Agency
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