1 Baron StreetCooma NSW 2630
Property Details for 1 Baron St, Cooma
1 Baron St, Cooma is a 0 bedroom, 0 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1404m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in September 2018.
Last Listing description (October 2020)
Well positioned 2 blocks from Cooma's main street, this well presented block of 5 units offers the investor a very rare opportunity to secure a strong ROI in a time where returns are hard to find.
Cooma is a township on the rise with much publicized national significant Snowy 2.0 project in the early stages of construction and already having an influence on the sales & rental markets.
4 x 1 bed - 1 bath modern units
All units are very well presented with modern dcor and features
Fully tenanted with a low turnover of tenants
Returning in excess of $55,000 gross per annum
Investors can expect a NET ROI in the range of 7%
A fantastic opportunity to secure a strong ROI in an area on the rise.
Property History for 1 Baron St, Cooma, NSW 2630
- 22 Sep 2020Listed for Sale AUCTION IF NOT SOLD PRIOR
- 28 Sep 2018Sold for $290,000
- 17 Jan 2017Listed for Sale $379,000
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0About Cooma 2630
The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of total area. The population of Cooma in 2011 was 6,664 people. By 2016 the population was 6,681 showing a population growth of 0.3% in the area during that time. The predominant age group in Cooma is 50-59 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation. In 2011, 67.5% of the homes in Cooma were owner-occupied compared with 64.5% in 2016.
Cooma has 4,013 properties. Over the last 5 years, Houses in Cooma have seen a 74.88% increase in median value, while Units have seen a 25.02% increase. As at 31 October 2024:
- The median value for Houses in Cooma is $493,998 while the median value for Units is $443,324.
- Houses have a median rent of $495 while Units have a median rent of $350.
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