OFF MARKET

2 Ferry Street
East Kempsey NSW 2440

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 1258m2
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Property Details for 2 Ferry St, East Kempsey

2 Ferry St, East Kempsey is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 1258m2.

Building Type
Unit
Year Built
1975
Land Size
1258m2
Local Government
Kempsey
Lot/Plan
CP/SP22524

Last Listing description (July 2019)

What an opportunity to secure a beautiful riverfront apartment in the Kempsey location at a great price.
Located on the ground level we have on offer two x two bedroom apartments with an outlook of the renowned Macleay River.
You can walk out your back door and throw a line in the river or drop a crab pot in.

The kicker with these investments is that they are currently rented to long term tenants paying $230 to $240 per week.
So you can have the choice to either purchase to continue the long term tenancy or secure a bargain riverfront unit and move right on in.
Don't miss out on the opportunity, give me a call to arrange a private inspection.

Ground floor, Riverfront apartments
2 x 2 bedrooms, 1 bathroom
Complex of only 10
Long term tenants in place
Single carports to each unit
Current rental $230 - $240 per week
Return on investment between 6 - 7% approx. gross

The information contained in the advertising of this property is not based on any independent enquiries or knowledge of the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.

Property History for 2 Ferry St, East Kempsey, NSW 2440

A timeline of how this property has performed in the market
  • 15 May 2019
    Listed for Sale $175,000 - $190,000 Each

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About East Kempsey 2440

The size of East Kempsey is approximately 3.7 square kilometres. It has 2 parks covering nearly 0.5% of total area. The population of East Kempsey in 2011 was 1,319 people. By 2016 the population was 1,356 showing a population growth of 2.8% in the area during that time. The predominant age group in East Kempsey is 0-9 years. Households in East Kempsey are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Kempsey work in a labourer occupation. In 2011, 62.7% of the homes in East Kempsey were owner-occupied compared with 60.6% in 2016.

East Kempsey has 723 properties. Over the last 5 years, Houses in East Kempsey have seen a 61.75% increase in median value, while Units have seen a 39.82% increase. As at 31 October 2024:

  • The median value for Houses in East Kempsey is $452,060 while the median value for Units is $346,543.
  • Houses have a median rent of $485 while Units have a median rent of $345.
There are currently 11 properties listed for sale, and 1 property listed for rent in East kempsey on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in East kempsey.

Suburb Insights for East Kempsey 2440

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.