38 Melrose AvenueGorokan NSW 2263
Property Details for 38 Melrose Ave, Gorokan
38 Melrose Ave, Gorokan is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 609m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (April 2023)
Presenting the ideal investment opportunity right in the heart of Gorokan, this fantastic opportunity is calling all investors! With dual occupancy on the one title and a combined rental return of over $34,000 a year, this is sure not to last. The Front property features light filled interiors throughout, multiple living areas, two good sized bedrooms and a modern kitchen with ample storage space. At the rear of the property is a 2-bedroom granny flat with loads of appeal, featuring another two bedrooms and an open plan living and kitchen area.*Combined rental income of over $34,000 per year.*Modern and light filled interiors *Dual street access Situated on a level corner block of land with access from both Dudley Street and Melrose Avenue, and two fantastic tenants wanting to stay an investment opportunity cannot come any better than this.Inspections are via scheduled open home or to arrange for a private inspection, please contact Aaron Reibelt on 0414 664 438Land Size 607 sqmRental Return Front Home. $330-$340 per weekRental Return Granny Flat. $320-$330 per weekRates Approx. $462 p.q.Water Approx. $166 p.q.
Property History for 38 Melrose Ave, Gorokan, NSW 2263
- 01 May 2021Listed for Rent $380 / week
- 05 Feb 2021Sold for $620,000
- 01 Dec 2020Listed for Rent $330 / week
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About Gorokan 2263
The size of Gorokan is approximately 3 square kilometres. It has 19 parks covering nearly 6.5% of total area. The population of Gorokan in 2011 was 7,681 people. By 2016 the population was 8,380 showing a population growth of 9.1% in the area during that time. The predominant age group in Gorokan is 60-69 years. Households in Gorokan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gorokan work in a trades occupation. In 2011, 64.7% of the homes in Gorokan were owner-occupied compared with 62.8% in 2016.
Gorokan has 4,054 properties. Over the last 5 years, Houses in Gorokan have seen a 62.52% increase in median value, while Units have seen a 48.40% increase. As at 31 August 2024:
- The median value for Houses in Gorokan is $701,212 while the median value for Units is $521,539.
- Houses have a median rent of $500 while Units have a median rent of $450.
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