SOLD
Sold on 08 Feb 2024 for $2,615,000

671 Young Street
Albury NSW 2640

Bedrooms: -
Bathrooms: 10
Car spaces: 32
Floor area: 1610m2
Land area: 3133m2
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Property Details for 671 Young St, Albury

671 Young St, Albury is a bedroom, 10 bathroom House with 32 parking spaces. The property has a land size of 3133m2 and floor size of 1610m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other bedroom House sold in Albury in the last 12 months.

Building Type
House
Floor Size
1610m2
Land Size
3133m2
Local Government
Albury City
Lot/Plan
2/DP1064246

Last Listing description (September 2018)

EXCLUSIVE TO CRE BROKERS
Outstanding NSW Freehold Motel For Sale
Albury city central location. Fantastic 28 room Freehold Motel demonstrates excellent trading results across recent financial years after significant recent room refurbishment across 80% of the property.

The Motel is ideally located on a main thoroughfare, less than a one minute drive to the Hume Highway and two minutes to the central business district and shopping precinct.
The Motel offers a diverse range of room configurations and also features a conference/dining area with a fully licensed bar, commercial kitchen and a 3 bedroom, 2 bathroom residence. Restaurant space, not currently trading, but scope to sub-lease and / or owner operate.
The building is of solid brick construction with designated parking to all rooms. The exterior of the Motel is very well kept with attractive gardens.
Situated in a very strong tourist and corporate town this motel still has plenty of opportunity to increase profits without spending a lot of money.
* Priced to sell with 16% Buyers Yield
* Compact and easy to manage and maintain
* Strong corporate & leisure trade
* Newly installed 20KW Solar Panels
A rejuvenated Albury Burvale Motor Inn is priced to meet the market against annual returns.
Book your inspection now with Dan McDonald from CRE Brokers the Exclusive agents.

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Property History for 671 Young St, Albury, NSW 2640

A timeline of how this property has performed in the market
Last Sold
$2,615,000
08 Feb 2024
  • 08 Feb 2024
    Sold for $2,615,000
  • 25 Jun 2018
    Listed for Sale FHGC - $2,580,000
  • 11 Mar 2016
    Listed for Sale Not Disclosed
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About Albury 2640

The size of Albury is approximately 5.7 square kilometres. It has 17 parks covering nearly 30.8% of total area. The population of Albury in 2011 was 4,933 people. By 2016 the population was 4,795 showing a population decline of 2.8% in the area during that time. The predominant age group in Albury is 60-69 years. Households in Albury are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Albury work in a professional occupation. In 2011, 57% of the homes in Albury were owner-occupied compared with 59.1% in 2016.

Albury has 4,029 properties. Over the last 5 years, Houses in Albury have seen a 68.75% increase in median value, while Units have seen a 113.69% increase. As at 30 November 2024:

  • The median value for Houses in Albury is $667,674 while the median value for Units is $468,553.
  • Houses have a median rent of $530 while Units have a median rent of $395.
There are currently 20 properties listed for sale, and 13 properties listed for rent in Albury on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Albury.

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