38 Ashmont AvenueAshmont NSW 2650
Property Details for 38 Ashmont Ave, Ashmont
38 Ashmont Ave, Ashmont is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 960m2.
Last Listing description (May 2021)
At a time when interest rates are at historic lows, strong cash flow investments have become extremely attractive to investors seeking sound returns on their investments.
The block of four spacious units comprises two units on the ground floor and two units up stairs. All four units have two bedrooms with built in wardrobes, open plan lounge rooms with galley kitchens and combined bathroom and laundry. Each unit has a carport at the rear of the block with access to Ashmont Avenue via a private road.
This block of units has been strata titled.
Unit 1/38 - $180 per week. Lease expires 7/12/2021
Unit 2/38 - $180 per week. Lease expires 24/8/2020
Unit 3/38 - $185 per week. Lease Expires 17/03/2021
Unit 4/38 - $185 per week. Lease expires 21/11/2021
Current Gross Income: $37,700 per annum
Council Rates: $6,615.36 per annum
Land Area: Approx 960.3 square metres
Zoning: R3 Medium Density Residential
With the predicted population growth of Wagga Wagga to reach 100,000 by 2038, this cash flow positive investment should also generate good capital growth.
All reasonable offer considered. Please call Richard on 0409 005 336 to arrange your private inspection.
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Property History for 38 Ashmont Ave, Ashmont, NSW 2650
- 21 May 2021Listed for Sale Sold
- 11 Aug 2020Listed for Sale Sold
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About Ashmont 2650
The size of Ashmont is approximately 2.4 square kilometres. It has 9 parks covering nearly 13.5% of total area. The population of Ashmont in 2011 was 4,024 people. By 2016 the population was 3,830 showing a population decline of 4.8% in the area during that time. The predominant age group in Ashmont is 0-9 years. Households in Ashmont are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ashmont work in a labourer occupation. In 2011, 48.9% of the homes in Ashmont were owner-occupied compared with 46.2% in 2016.
Ashmont has 1,928 properties. Over the last 5 years, Houses in Ashmont have seen a 75.56% increase in median value, while Units have seen a 72.45% increase. As at 31 October 2024:
- The median value for Houses in Ashmont is $468,935 while the median value for Units is $353,741.
- Houses have a median rent of $405 while Units have a median rent of $320.
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