26 Queen StreetGreenhill NSW 2440
Property Details for 26 Queen St, Greenhill
26 Queen St, Greenhill is a 8 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 1347m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 8 bedroom House sold in Greenhill in the last 12 months.
Last Listing description (October 2024)
Nestled in the heart of the serene Greenhill community, Palm Court appeals to investors with its promise of low-maintenance luxury and remarkable returns. Situated at 26 Queen Street, this property boasts a unique complex of four spacious villas, offering an unparalleled investment opportunity that combines convenience, comfort, and financial prosperity.
Each villa within Palm Court features two spacious bedrooms, one bathroom, and a convenient carport, embodying the essence of contemporary living. Constructed with durable double brick and crowned with a resilient tile roof, these villas epitomise low-maintenance elegance, ensuring peace of mind for years to come.
What sets Palm Court apart is its unparalleled investment potential. With all four villas consolidated under one title, investors are relieved of strata fees, maximising returns and simplifying management. Currently leased at $290 per week per villa, with a promising potential to increase to at least $300 per week, Palm Court yields an impressive total income of $1,160 per week, with the prospect of ascending to a minimum of $1,200 per week. This translates to an exceptional return on investment, exceeding 6.5%, promising a steady stream of revenue and unparalleled financial security.
Important Information:
- 4 Villas - 2 Bedrooms, 1 Bathroom, Single carport
- Currently leased at $290 per week per villa
- Potential to be leased for $300 per week per villa
- Currently leased for a combined income of $1,160 per week
- Potential to be leased for a combined income of $1,200 per week
- Minimum 6.5% return
- All villas on 1 title
- Council rates: $9,775 per annum (approx.)
Beyond its financial allure, Palm Court offers an enviable location that enhances its investment appeal. Conveniently situated this property has no chance of flooding and is just a brief 10-minute drive from Kempsey CBD and less than 30 minutes from the picturesque beaches of Crescent Head, Palm Court offers the perfect balance between urban convenience and coastal tranquillity, ensuring high tenant demand and sustained property value.
Invest with confidence in Palm Court, where every aspect has been designed to ensure a safe, prosperous, and rewarding investment experience. Don't miss out on this rare opportunity to secure your financial future in the thriving Macleay Valley.
Enquire now to ensure you don't miss this opportunity!
Disclaimer: The information contained in the advertising of this property is based on information provided to 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 26 Queen St, Greenhill, NSW 2440
- 12 Aug 2024Sold for $865,000
- 14 Jun 2024Listed for Sale $925,000
- 19 Sep 2001Sold for $230,000
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0About Greenhill 2440
The size of Greenhill is approximately 7.7 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Greenhill in 2011 was 685 people. By 2016 the population was 731 showing a population growth of 6.7% in the area during that time. The predominant age group in Greenhill is 0-9 years. Households in Greenhill are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Greenhill work in a labourer occupation. In 2011, 63.5% of the homes in Greenhill were owner-occupied compared with 60.7% in 2016.
Greenhill has 303 properties. Over the last 5 years, Houses in Greenhill have seen a 69.63% increase in median value. As at 31 October 2024:
- The median value for Houses in Greenhill is $441,552 while the median value for Units is $390,790.
- Houses have a median rent of $355.
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