8 Verge StreetKempsey NSW 2440
Property Details for 8 Verge St, Kempsey
Last Listing description (December 2016)
- 7 X BRICK STRATA UNITS IN THE MIDDLE OF KEMPSEY TOWNSHIP (NOT THE INDUSTRIAL AREA BUT IN THE CENTRAL CBD AREA).- VERY LOW MAINTENANCE BRICK.- 4 VERY LONG TERM TENANTS - ALL UNITS FULLY OCCUPIED FOR THE LAST 20YRS!- VERY LOW OUTGOINGS.- TOTAL RENTS RECEIVED: APPROXIMATELY $32,500- RATES: APPROXIMATELY $2,200.- 'THEY ARE BEING MANAGED BY AN AGENCY BUT YOU COULD SAVE ON THIS COST BECAUSE THE TENANTS ARE SO GOOD'.- HOWEVER, WITH MANAGEMENT FEES PAID THEY ARE RETURNING APPROXIMATELY 6.5% NET RETURN ON THE ASKING PRICE OF $400,000.'IT'S JUST A GREAT EASY INVESTMENT WITH A MARVELOUSLY STABLE OCCUPANCY'. CALL US ANY DAY, ANY TIME.
Property History for 8 Verge St, Kempsey, NSW 2440
- 23 Dec 2016Listed for Sale $400,000 + GST
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0About Kempsey 2440
The size of Kempsey is approximately 7.8 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Kempsey in 2011 was 390 people. By 2016 the population was 473 showing a population growth of 21.3% in the area during that time. The predominant age group in Kempsey is 50-59 years. Households in Kempsey are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kempsey work in a labourer occupation. In 2011, 50.9% of the homes in Kempsey were owner-occupied compared with 43.5% in 2016.
Kempsey has 716 properties. Over the last 5 years, Houses in Kempsey have seen a 56.05% increase in median value, while Units have seen a 71.50% increase. As at 31 October 2024:
- The median value for Houses in Kempsey is $406,539 while the median value for Units is $406,365.
- Houses have a median rent of $320 while Units have a median rent of $285.
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