13 Egan StreetCooma NSW 2630
Property Details for 13 Egan St, Cooma
13 Egan St, Cooma is a 4 bedroom, 3 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 801m2 and floor size of 36m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (March 2020)
13 Egan St, Cooma offers a secure investment opportunity in a growing market. The property is located in close proximity to the Cooma CBD and comprises 3 modern 1 bedroom units. The current owners of the complex have spent significant money in recent years to modernise the complex leaving nothing to do except benefit from the tax write off's and secure income.
The current owners have enjoyed 10 years of consistent tenancies and incomes. We are expecting strong growth throughout this region over the next 5 years with the $4 billion Snowy Hydro 2.0 infrastructure project.
FEATURES INCLUDE:
* 3 x 1 bedroom units - recently renovated with spacious bedroom and open lounge / kitchen
* Each unit rents for $145 per week currently - all unit tenanted.
* Gross yearly income = $22,620 - Rates = $4,800 per annum - GROSS ROI = 7.6%%
* Excellent tax write off opportunities
Property History for 13 Egan St, Cooma, NSW 2630
- 30 Mar 2020Sold for $285,000
- 31 Aug 2018Listed for Sale ASKING $329,000
- 17 Jul 2007Sold for $200,000
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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 4,010 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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