FOR SALE
$3,200,000 GST Exempt

60e North St
Walcha NSW 2354

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12 STAND ALONE HOMES FOR THE OVER 50’s

:: 12 two bedroom villas
:: Modern and secure
:: Over 50's tenants
:: Community hall and storage areas
These twelve homes are situated in a security gatedvillage of approximately 5,255m² in the north of the town. Included is a community kitchen, machinery/storage sheds, a six bay caravan storage shed and a community vegetable garden.
Each home comprises of two bedrooms with built-ins plus a lounge/dining area, a fully equipped kitchen, a bathroom, a laundry and a carport. Each home has two reverse cycle air conditioners, double glazed windows and is fully insulated. Nine of the homes are fully furnished.
EastGate village is an independent living village where the residents maintain their own area. Each home pays for their own power and gas. A bore provides garden water.
An investor has the opportunity to purchase the Manufactured Home Estate with choice to maintain the present concept of renting the homes or follow the path of selling the individual homes while maintaining the ownership of the surrounding land and joint improvements that would be leased back to the homeowners.
Contact the agent on 02 6778 3066 or email to mack@imacka.com for further details and inspection of this unique investment complex.
DISCLAIMER; "The above information has been supplied to us by the Vendor. We do not accept responsibility to any person for its accuracy and do no more than pass this information on. Interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate."

Property Details for 60e North St, Walcha

Building Type
Commercial

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About Walcha 2354

The size of Walcha is approximately 3,250.4 square kilometres. It has 14 parks covering nearly 21.4% of total area. The population of Walcha in 2011 was 2,495 people. By 2016 the population was 2,547 showing a population growth of 2.1% in the area during that time. The predominant age group in Walcha is 60-69 years. Households in Walcha are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Walcha work in a managers occupation. In 2011, 67.7% of the homes in Walcha were owner-occupied compared with 70.1% in 2016.

Walcha has 1,626 properties. Over the last 5 years, Houses in Walcha have seen a 74.80% increase in median value, while Units have seen a 69.20% increase. As at 30 September 2024:

  • The median value for Houses in Walcha is $388,578 while the median value for Units is $195,914.
  • Houses have a median rent of $223.
There are currently 11 properties listed for sale, and no properties listed for rent in Walcha on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Walcha.

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Iain Mackintosh
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Petra Evans
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IMACKA PROPERTY & LIVESTOCK
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