11 Albert StreetCundletown NSW 2430
Property Details for 11 Albert St, Cundletown
11 Albert St, Cundletown is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1312m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in February 2001.
Last Listing description (August 2016)
LOCATED RIGHT IN THE HEART OF TAREE THIS 548 SQUARE METRE PROPERTY IS ZONED 3B COMMERCIAL CORE AND IS FREE FROM SEWER & WATER EASEMENTS MAKING IT A PRIME PIECE OF REAL ESTATE FOR FUTURE DEVELOPMENT IF DESIRED.IMPROVEMENTS ON THE LAND CONSIST OF A COMFORTABLE THREE BEDROOM WEATHERBOARD RESIDENCE WHICH OFFERS A SPACIOUS LOUNGE ROOM, EAT IN KITCHEN & SUNROOM.REAR YARD VEHICLE ACCESS IS AVAILABLE AT THE SIDE OF THE RESIDENCE AND THERE IS A LARGE DOUBLE BRICK GARAGE IN THE BACK YARD.HOW OFTEN DO YOU GET THE CHANCE TO BUY A HOME AT THIS PRICE IN THE MIDDLE OF TOWN LET ALONE HAVING THE POTENTIAL OF RE-DEVELOPMENT DUE TO THE COMMERCIAL ZONING? BUY IT, MOVE IN TO IT YOURSELF OR RENT IT OUT AND TAKE YOUR TIME TO DECIDE HOW YOU MIGHT BEST UTILISE THE PROPERTY FOR THE FUTURE.THIS PROPERTY HAS BEEN PRICED TO ENSURE ACTIVITY AND WILL NOT LAST LONG. CURRENTLY RENTED AT $220 PER WEEK THIS PROPERTY SHOWS A GROSS RETURN OF APPROXIMATELY 7% PER ANNUM (BASED ON ASKING PRICE). WITH A LITTLE MORE MONEY SPENT ON THE HOME A HIGHER WEEKLY RENT COULD BE ACHIEVED FOR THE ASTUTE INVESTOR.
Property History for 11 Albert St, Cundletown, NSW 2430
- 07 Aug 2022Sold
- 24 Aug 2016Listed for Sale $159,000
- 07 Feb 2001Sold for $197,000
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0About Cundletown 2430
The size of Cundletown is approximately 19.4 square kilometres. It has 8 parks covering nearly 0.9% of total area. The population of Cundletown in 2011 was 2,064 people. By 2016 the population was 2,060 showing a population decline of 0.2% in the area during that time. The predominant age group in Cundletown is 50-59 years. Households in Cundletown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cundletown work in a professional occupation. In 2011, 80.4% of the homes in Cundletown were owner-occupied compared with 73.9% in 2016.
Cundletown has 916 properties. Over the last 5 years, Houses in Cundletown have seen a 49.23% increase in median value, while Units have seen a 44.65% increase. As at 30 September 2024:
- The median value for Houses in Cundletown is $507,323 while the median value for Units is $385,833.
- Houses have a median rent of $490.
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