OFF MARKET

18 Kerwan Street
Cooma NSW 2630

Bedrooms: 18
Bathrooms: 8
Car spaces: 8
Land area: 2026m2
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Property Details for 18 Kerwan St, Cooma

18 Kerwan St, Cooma is a 18 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 2026m2.

Building Type
Unit
Land Size
2026m2
Local Government
Snowy Monaro Regional
Lot/Plan
CP/SP52853

Last Listing description (March 2023)

For sale for the first time in many years, this unit complex located in a great Cooma position provides an extremely hard to find multi-income investment opportunity. Strata titled, but owned in one line, the current owner is ready to retire and do other things.
The complex offers 2 blocks of 4 units, each complex with a communal laundry and plenty of off-street parking on the 2,026 sqm parcel of land.

Features include;

* 8 units, comprising - 3 x 3 bedroom - 4 x 2 bedroom & 1 x 1 bedroom all with single bathrooms.
* Fully tenanted and returning approx $130,000 per annum gross. With potential to increase. Outgoings equate to approx $33,000 per annum
* All units present in good condition, with majority benefiting from recent upgrades
* Strata Titled and entirely owned by current owner. Opportunity to potentially sell units individually in the future which provides great versatility.
* Conveniently located, and in a sought-after area of Cooma

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Property History for 18 Kerwan St, Cooma, NSW 2630

A timeline of how this property has performed in the market
Listed for Rent
$150/w
29 Feb 2016
  • 12 Jan 2023
    Listed for Sale GUIDE $1.8m - $2.2m
  • 06 Sep 2016
    Listed for Sale Contact Agent
  • 15 Dec 2015
    Listed for Rent - Price not available

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About 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.
There are currently 64 properties listed for sale, and 21 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 173 properties were sold in the past 12 months in Cooma.

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