7 Spicer CloseBoambee East NSW 2452
Property Details for 7 Spicer Cl, Boambee East
7 Spicer Cl, Boambee East is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 817m2 and floor size of 215m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Boambee East in the last 12 months.
Last Listing description (April 2024)
Explore an exceptional investment opportunity in Boambee East featuring two 2-bedroom villas nestled on a large level elevated block, offering versatility and potential for astute investors.
Each villa presents an attractive investment proposition with modern amenities and comfortable living spaces. The rear villa is currently owner occupied and will be offered as vacant possession, allowing the new owner to move straight in, or do some minor renovations to enhance rental returns while having reliable tenants currently occupying the front unit, generating $450 per week, with a lease in place until June this year.
The convenience of single lockup garages with internal access adds practicality to these residences, while the expansive separate fully fenced yards provide ample outdoor space for leisure and recreation.
Strategically positioned in a convenient area of Boambee East, residents enjoy easy access to public transport and essential amenities, including shops, beaches, and schools. Consider the potential to reside in one villa while renting out the other, optimising both rental income and personal accommodation. The option to flip both villas with a strata title, and sell them individually, was the plan for the current owner. Alternatively, capitalise on the large block size and explore the possibility of land banking for future subdivision, leveraging the area's growth potential.
This investment proposition presents a rare opportunity to secure multiple properties without the constraints of ongoing strata fees. Enquire now to discover the financial insights and explore the potential of this promising investment venture.
Council Rates: $5,066 sqm (approx.)
Land Size: 816.9 sqm (approx.)
Building Size: 215 sqm
Age: 42 years (approx.)
Zoning: R2
Property History for 7 Spicer Cl, Boambee East, NSW 2452
- 23 Apr 2024Sold for $810,000
- 31 Jan 2024Listed for Sale Contact Agent
- 15 Mar 2016Sold for $560,000
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0About Boambee East 2452
The size of Boambee East is approximately 3.6 square kilometres. It has 3 parks covering nearly 12.8% of total area. The population of Boambee East in 2011 was 5,446 people. By 2016 the population was 5,242 showing a population decline of 3.7% in the area during that time. The predominant age group in Boambee East is 50-59 years. Households in Boambee East are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Boambee East work in a professional occupation. In 2011, 71.4% of the homes in Boambee East were owner-occupied compared with 71.3% in 2016.
Boambee East has 2,326 properties. Over the last 5 years, Houses in Boambee East have seen a 65.28% increase in median value, while Units have seen a 45.44% increase. As at 31 July 2024:
- The median value for Houses in Boambee East is $776,551 while the median value for Units is $516,215.
- Houses have a median rent of $620 while Units have a median rent of $500.
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