SOLD
Sold on 04 Mar 2024 for $470,000

84-86 Vale Street
Cooma NSW 2630

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 259m2
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McGrath Snowy Mountains (F)
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Property Details for 84-86 Vale St, Cooma

84-86 Vale St, Cooma is a 2 bedroom, 1 bathroom House. The property has a land size of 259m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in Cooma in the last 12 months.

Building Type
House
Land Size
259m2
Local Government
Snowy Monaro Regional
Lot/Plan
2/DP221484

Last Listing description (May 2024)

Well positioned in Cooma's busy CBD, this one-of-a-kind mixed residential and commercial opportunity provides a versatile income for the straight investor, or an opportunity for a business owner to generate a passive income while occupying one space.
Beautifully presented, the early 1900's buildings give a beautiful first impression, and upon entry to the private courtyard you will see how this is a one of a kind in Cooma. The vibrant and shady courtyard currently services the outdoor seating for the popular Courtyard Cafe. Other tenancies include a solicitor's offices and upstairs is the most stylishly presented and renovated 1- or 2-bedroom unit with corporate tenant.
This complex offers good versatility of income for the investor, and attractive returns at our advertised guide of 6.25% net.

- Well located in Vale Street, with beautiful street appeal
- An attractive location for tenants
- Excellent variety of income from diverse tenancies
- 2 x long term Commercial leases with leases in place plus long residential lease.
- Income generated per annum is $61,464 gross, while net income = $53,064 after fixed costs are accounted for
- ROI based on agents advertised guide @ $850,000 shows 6.25% net

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Property History for 84-86 Vale St, Cooma, NSW 2630

A timeline of how this property has performed in the market
Last Sold
$470,000
04 Mar 2024
  • 04 Mar 2024
    Sold for $470,000
  • 04 Mar 2024
    Sold for $320,000
  • 07 Jan 2023
    Listed for Sale Guide $850,000
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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 4,011 properties. Over the last 5 years, Houses in Cooma have seen a 79.42% increase in median value, while Units have seen a 33.12% increase. As at 30 September 2024:

  • The median value for Houses in Cooma is $502,099 while the median value for Units is $436,690.
  • Houses have a median rent of $495 while Units have a median rent of $330.
There are currently 63 properties listed for sale, and 20 properties listed for rent in Cooma on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Cooma.

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