120 Simpson StreetBoggabilla NSW 2409
Property Details for 120 Simpson St, Boggabilla
120 Simpson St, Boggabilla is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1977m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in June 2020.
Last Listing description (September 2011)
Positively Geared Property
This property features a renovated home & a large shed which is equipped with a fully self-contained granny flat which is separately rented and still has large storage/work area available as well.
THE HOME
* Renovated bathroom
* 3 bedrooms
* Cemented downstairs area
* Single carport
* Old storage shed
* Currently rented for $140 per week
THE SHED
* Separately fenced
* One bedroom
* Kitchen, bathroom & toilet
* Fully air conditioned
* Full security screens on windows
* Currently rented for $110 per week
This property in located on a 1977 sqm block. The subdivision approval is almost complete. New owners can take over subdivision and reap the rewards of a FREE block of land that is already cash flow positive because of the Shed return.
If purchasing for yourself: Live in the newly renovated house and let the Shed rent help pay off your mortgage. Or rent out the house, live in the Shed and build another house on the free extra block to live in later on. Its just that easy.
There are so many options with this property and for Investors it is cash flow positive to start! Finish the subdivision and put another house out the front on the shed block and enjoy positive cash flow returns for years to come with 3 rents coming from one property!!!
These sorts of opportunities do not come along often. Do not miss out on this one, call or email us now.
Disclaimer: While we trust this information to be correct, it is not guaranteed by us and prospective purchasers must rely on their own inquiries.
Additional feature/s - Proudly Exclusive to GDL Real Estate.
Property History for 120 Simpson St, Boggabilla, NSW 2409
- 26 Jun 2020Sold for $30,000
- 30 Mar 2009Listed for Sale $130,000
- 26 Jan 2008Listed for Sale $75,000
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0About Boggabilla 2409
The size of Boggabilla is approximately 1,357 square kilometres. It has 5 parks covering nearly 0.1% of total area. The population of Boggabilla in 2011 was 1,140 people. By 2016 the population was 998 showing a population decline of 12.5% in the area during that time. The predominant age group in Boggabilla is 10-19 years. Households in Boggabilla are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Boggabilla work in a managers occupation. In 2011, 37.1% of the homes in Boggabilla were owner-occupied compared with 37.6% in 2016.
Boggabilla has 512 properties. Over the last 5 years, Houses in Boggabilla have seen a -12.16% decrease in median value, while Units have seen a -73.91% decrease. As at 31 October 2024:
- The median value for Houses in Boggabilla is $99,591 while the median value for Units is $247,363.
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