52 William StreetCandelo NSW 2550
Property Details for 52 William St, Candelo
52 William St, Candelo is a 3 bedroom, 2 bathroom House. The property has a land size of 560m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (August 2021)
This beautiful building in the main street of Candelo offers you the unique opportunity to live upstairs whilst having a secure investment downstairs bringing in a solid income.
This impressive structure has a long history in Candelo and the current owners have spent a number of years ensuring it will continue to be a key part of the Candelo architectural landscape for years to come.
The Post Office has called 52 William St home since the 1960s and with a lease in place through February 2023 this is a secure investment with good returns.
Upstairs there is a surprisingly large home with 2 large bedrooms and 2 built in verandah rooms that could be used as extra bedrooms or an office space. With renovated bathroom and lovely decks at the front and the back of the property. The upstairs is currently rented until August 2022 at $250 per week.
At the back of the block there are also two good sized, secure sheds. The roof was replaced in 2012 and the current owners have been fastidious with maintenance. You can purchase this property with confidence in the structure of the building.
With gross annual income of over $24,000pa (with both upstairs and downstairs let) this is a affordable way to get into the investment market.
Call today to arrange an inspection.
Property History for 52 William St, Candelo, NSW 2550
- 21 Jul 2021Sold for $410,000
- 25 Mar 2019Listed for Sale $440,000
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About Candelo 2550
The size of Candelo is approximately 96.9 square kilometres. It has 1 park covering nearly 4.5% of total area. The population of Candelo in 2011 was 733 people. By 2016 the population was 698 showing a population decline of 4.8% in the area during that time. The predominant age group in Candelo is 50-59 years. Households in Candelo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Candelo work in a professional occupation. In 2011, 78.5% of the homes in Candelo were owner-occupied compared with 79.1% in 2016.
Candelo has 457 properties. Over the last 5 years, Houses in Candelo have seen a 62.93% increase in median value, while Units have seen a 50.25% increase. As at 31 October 2024:
- The median value for Houses in Candelo is $842,498 while the median value for Units is $738,086.
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