40 Melaleuca DriveForest Hill NSW 2651
Property Details for 40 Melaleuca Dr, Forest Hill
40 Melaleuca Dr, Forest Hill is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2015. The property has a land size of 740m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (February 2024)
A great opportunity for an investor to secure a modern family home, with a tenant currently on a long term lease.
- current lease in place until 27th of January 2025 at $470 per week
- three bedrooms all with built-in robes, the master with walk-in robe and ensuite
- multiple living spaces great for large families
- ducted heating and evaporative cooling throughout plus 12 solar panels
-drive through access to large backyard plus large entertaining area
- only 15 minute drive in to Wagga's CBD
If your a savvy investor looking to begin or add to your investment portfolio, then look no further then 40 Melaleuca Drive. This home needs nothing done but to set and forget.
All of the information contained in this document is from sources the Agent and Vendor believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Gross rental return based on current listing price and rent per week, subject to change.
Property History for 40 Melaleuca Dr, Forest Hill, NSW 2651
- 20 Jun 2023Sold for $550,000
- 23 Apr 2023Listed for Sale $540,000 - $560,000
- 30 Nov 2021Listed for Rent $480 / week
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0About Forest Hill 2651
The size of Forest Hill is approximately 42.6 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Forest Hill in 2011 was 2,216 people. By 2016 the population was 2,255 showing a population growth of 1.8% in the area during that time. The predominant age group in Forest Hill is 20-29 years. Households in Forest Hill are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forest Hill work in a trades occupation. In 2011, 58.9% of the homes in Forest Hill were owner-occupied compared with 60% in 2016.
Forest Hill has 1,268 properties. Over the last 5 years, Houses in Forest Hill have seen a 90.45% increase in median value, while Units have seen a 48.97% increase. As at 31 October 2024:
- The median value for Houses in Forest Hill is $467,108 while the median value for Units is $353,305.
- Houses have a median rent of $475 while Units have a median rent of $315.
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