SOLD
Sold on 17 Jul 2024 for $230,000

7 Racecourse Road
Broken Hill NSW 2880

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 140m2
Land area: 1004m2
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Property Details for 7 Racecourse Rd, Broken Hill

7 Racecourse Rd, Broken Hill is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1004m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Broken Hill in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
140m2
Land Size
1004m2
Local Government
Broken Hill
Lot/Plan
5474/DP757298

Last Listing description (March 2023)

PLEASE READ: The properties are cross collaterized thus the reason we are offering as a package. They can not be sold individually. PLEASE READ: Inspections of the property will not occur until you have spoken to your lender to see if they will lend on these assets.


7 Racecourse Rd - Leased $200pw, lease expires 30/08/2023. 1960's built home with three bedrooms, kitchen/ bathroom, front access to shed, 1,012 sqm allotment. Rental can go up if renovations occur.

178 Buck St - Requires renovations/ cleaning, three bedrooms, kitchen/ bathroom, shed, 463 sqm allotment with right of way access to rear yard. Rental appraisal subject to condition of renovation $220 - $240pw

31 Nicholls St - Renovate or detonate, your choice. Three bedrooms, front driveway, 288 sqm allotment. Rental appraisal subject to condition of renovations $200 - $220pw

Water rates per property $1,100pa approx
Council rates per property $1,100 - $1,300pa approx

If you require finance you must check with your lender if they will lend on these assets first before booking inspections. The properties are cross collaterized thus the reason we are offering as a package.

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.

Property History for 7 Racecourse Rd, Broken Hill, NSW 2880

A timeline of how this property has performed in the market
Last Sold
$230,000
17 Jul 2024
Listed for Rent
20 Nov 2015
  • 17 Jul 2024
    Sold for $230,000
  • 16 Mar 2023
    Sold for $72,500
  • 09 Aug 2022
    Listed for Sale $220,000
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About 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 11,268 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.
There are currently 136 properties listed for sale, and 24 properties listed for rent in Broken hill on OnTheHouse. According to CoreLogic's data, 518 properties were sold in the past 12 months in Broken hill.

Suburb Insights for Broken Hill 2880

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.