12 Monaghan St, Cobar is a 6 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 2815m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Introducing 12-14 Monaghan St Cobar, a unique opportunity like this does not come along every day, consisting of 3 cottages on a 2815m2 block. These 2 bedroom cottages are fully furnished, and have a full sized bathroom and laundry with a carport. There is enough room on the block for future development pending council approval.
Walk through the front door to a comfortable combined Living/Dining area overlooking a small well equipped kitchen with an upright electric stove and full sized refrigerator. The bathroom has a full sized bath, modern vanity and shower over the bath tub.
There are reverse cycle air conditioners in all bedrooms with the 3rd cottage that has reverse cycle in the living area, all cottages have ducted evaporative cooling throughout. The cottages stand alone and each one has an enclosed back yard for privacy. We have all 3 cottages leased for $285 per week each which would give them approximately a 10% return.
The size of Cobar is approximately 2,186 square kilometres. It has 16 parks covering nearly 0.4% of total area. The population of Cobar in 2011 was 3,816 people. By 2016 the population was 3,988 showing a population growth of 4.5% in the area during that time. The predominant age group in Cobar is 0-9 years. Households in Cobar are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cobar work in a trades occupation. In 2011, 54% of the homes in Cobar were owner-occupied compared with 55.7% in 2016.
Cobar has 2,537 properties. Over the last 5 years, Houses in Cobar have seen a 12.55% increase in median value, while Units have seen a 46.97% increase. As at 31 October 2024:
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