25 Palmer StreetGeorgetown NSW 2298
Property Details for 25 Palmer St, Georgetown
25 Palmer St, Georgetown is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1940. The property has a land size of 626m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (October 2021)
An entire period building of 3 apartments on a single title with great street frontage! Whether seeking a good investment yield or wanting to take advantage of the unique opportunity to individually strata each unit to maximise future returns. Featuring 2 x 2 bedroom units at ground level with a large 3 bedroom unit upstairs as well as a double garage with carport and ample off-street parking.
- Current gross annual rent return total $63,700
- Recently renovated throughout
- High quality multi unit asset
- Council Rates Per Annum - $2,156
- Water Rates Per Annum - $3,600
- Insurance Per Annum - $1,800
Property History for 25 Palmer St, Georgetown, NSW 2298
- 15 Sep 2021Sold for $1,420,000
- 02 Sep 2021Listed for Sale $1,200,000- $1,300,000
- 23 Oct 2019Listed for Rent $350 / week
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0About Georgetown 2298
The size of Georgetown is approximately 0.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Georgetown in 2011 was 2,005 people. By 2016 the population was 1,967 showing a population decline of 1.9% in the area during that time. The predominant age group in Georgetown is 20-29 years. Households in Georgetown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Georgetown work in a professional occupation. In 2011, 68.4% of the homes in Georgetown were owner-occupied compared with 68.6% in 2016.
Georgetown has 1,001 properties. Over the last 5 years, Houses in Georgetown have seen a 62.18% increase in median value, while Units have seen a 52.25% increase. As at 31 October 2024:
- The median value for Houses in Georgetown is $898,542 while the median value for Units is $616,117.
- Houses have a median rent of $650 while Units have a median rent of $510.
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