662 Williams StreetBroken Hill NSW 2880
Property Details for 662 Williams St, Broken Hill
662 Williams St, Broken Hill is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 936m2 and floor size of 195m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (June 2021)
- Two Storey family home offering four bedrooms with built in wardrobes.
- Master bedroom incl ensuite, b.i.r and located on the upper floor with views of pool area.
- Other bedrooms inc ceilings fanes, b.i.r;s and r/c heating/ cooling.
- Multiple living areas on offer.
- Large timber kitchen with dishwasher and SS cooktops/ oven.
- Outdoor entertainment area with I.G pool.
- Great 20x30 shed with mezzanine floor, power, roller door access to land and side yard.
- Other assorted shedding inclusive.
Agents Note:
1. It is highly recommended that all purchasers have pre-approved finance before booking inspections. This is a requirement for all inspections.
2. All offers are to be in writing with the terms and conditions of the offer.
3. All properties will stay on the market and all offers will be presented to vendors right up until an exchange of contract.
4. The agent is obliged to submit all offers to a vendor even though there might be an offer and acceptance between buyer and seller. This is known as gazumping and it is legal in NSW.
5. It is the responsibility of the purchaser to efficiently exchange a contract of sale, otherwise gazumping can occur.
Gazumping
Gazumping occurs when you have a verbal agreement with an agent or seller to buy a property at an agreed price but the property is not sold to you in the end. This usually happens when the vendor (the person selling the property) has decided to sell the property to someone else, usually for a higher amount or better sale conditions. The agent is legally obliged to pass on to the vendor any further offers received for the property up until the exchange of contracts.
If you are gazumped, neither the agent nor the vendor is obliged to compensate you for any money you may have spent on legal advice, inspection reports, finance application costs or inquiries.
In NSW, a property sale is generally only binding on the vendor and buyer when contracts are exchanged between the two parties. Exchange occurs when the vendor signs their copy of the sale contract; the purchaser signs their copy, and the two parties exchange' their signed contracts. It is usual at this time for the purchaser to pay a deposit, usually 10% of the purchase price.
https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property/buying-a-property/gazumping
Property Code: 907
Property History for 662 Williams St, Broken Hill, NSW 2880
- 11 Jun 2021Sold for $335,000
- 10 Oct 2019Listed for Sale $375,000
- 19 Sep 2017Listed for Rent $510 / week
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0About Broken Hill 2880
The size of Broken Hill is approximately 13,004.9 square kilometres. It has 43 parks covering nearly 2.2% of total area. The population of Broken Hill in 2011 was 18,776 people. By 2016 the population was 17,837 showing a population decline of 5.0% in the area during that time. The predominant age group in Broken Hill is 50-59 years. Households in Broken Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broken Hill work in a professional occupation. In 2011, 74.2% of the homes in Broken Hill were owner-occupied compared with 71.9% in 2016.
Broken Hill has 11,270 properties. Over the last 5 years, Houses in Broken Hill have seen a 88.95% increase in median value, while Units have seen a 79.05% increase. As at 31 October 2024:
- The median value for Houses in Broken Hill is $182,283 while the median value for Units is $160,380.
- Houses have a median rent of $340 while Units have a median rent of $220.
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