135 Sheridan StreetGundagai NSW 2722
Property Details for 135 Sheridan St, Gundagai
135 Sheridan St, Gundagai is a 1 bedroom, 4 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 1017m2 and floor size of 388m2. While the property is not currently for sale or for rent, it was last sold in April 2007.
Last Listing description (February 2007)
Buy a Bank/ Home with Business Potential
INSTEAD OF SEACHANGE TRY THIS TREECHANGE
Located just 90 minutes from Canberra & 3.5 hours from Sydney, this home offers a country lifestyle while delivering the potential to earn an income from a Bed & Breakfast, Cafe or Professional Offices.
Excellent potential for business income.
FOR SALE AT $450,000
Background information: Rates levied 2006 $751.93.
Location: Gundagai is almost midway between Sydney & Melbourne. Gundagai is a little over 3.5 hours drive from Sydney, 90 minutes from Canberra & 5 hours from Melbourne. Gundagai is dissected by the Hume Highway which carries 10,000 vehicles past the town each day.
Earning potential:
Rental- Gundagai has a high demand for residential rental premises.
Estimated rent - Residence $250- $350 PW
Bank Chamber $ 150- $ 200 PW
Alternative Use:
The opportunity exists to convert the building into a B & B with up to 4 ensuite bedrooms with the bank chamber converting into a 2 bedroom apartment. This would be subject to council approval.
The target market would be the overnight traveller rather than the getaway crowd. Gundagai's existing accomodation providers (mainly motels) have 60% occupancy (Aust Bureau Stats Occupancy- Gundagai Dec 2003).
Property History for 135 Sheridan St, Gundagai, NSW 2722
- 02 Aug 2018Sold
- 12 Apr 2007Sold for $390,000
- 19 Dec 2006Listed for Rent - Price not available
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About Gundagai 2722
The size of Gundagai is approximately 47.3 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Gundagai in 2011 was 1,474 people. By 2016 the population was 1,680 showing a population growth of 14.0% in the area during that time. The predominant age group in Gundagai is 60-69 years. Households in Gundagai are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gundagai work in a labourer occupation. In 2011, 69.7% of the homes in Gundagai were owner-occupied compared with 68.1% in 2016.
Gundagai has 1,191 properties. Over the last 5 years, Houses in Gundagai have seen a 91.06% increase in median value, while Units have seen a 27.51% increase. As at 31 October 2024:
- The median value for Houses in Gundagai is $368,009 while the median value for Units is $357,716.
- Houses have a median rent of $410 while Units have a median rent of $220.
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