1 Paine StreetKogarah NSW 2217
Property Details for 1 Paine St, Kogarah
1 Paine St, Kogarah is a 0 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 245m2.This Property is currently listed for rent with Sutherland Shire Property Agents
Last Listing description (March 2024)
RWC Western Sydney is pleased to present 1 Paine Street, Kogarah for Sale via Private Treaty.
Strategically located only 100* metres to Kogarah Railway Station and 500* metres to St George Hospital, fully leased block of 7 studio apartments completed in 2017 to be sold in one line.
Constructed with quality inclusions throughout, includes a current passing income of $177,608.60* per annum with potential to increase rents through furnishing.
With the current housing supply shortages and increased demand for rental opportunities, this is ideal for the astute investor to capitalise upon.
Additional highlights of the property are outlined below:
7 luxury studio apartments
Fully leased with a passing income of $177,608.60* per annum
Ducted air-conditioning to all units
Tiled flooring throughout
Internal laundries with washing machine & dryers
Gas cooking with stone bench tops
Balconies to all units
Communal roof top terrace with district views
Separately metered for electricity and gas
1 secure car space + additional storage
100m* to Kogarah Railway Station
500m* to St George Hospital
Instructions to sell!
The property will be offered for Sale via Private Treaty.
For more information, please contact the below exclusive selling agents.
*Approximately
Property History for 1 Paine St, Kogarah, NSW 2217
- 09 Feb 2024Sold for $2,950,000
- 03 Nov 2023Listed for Sale $3,000,000
- 07 Mar 2019Listed for Rent - Price not available
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About Kogarah 2217
The size of Kogarah is approximately 2.7 square kilometres. It has 14 parks covering nearly 14.7% of total area. The population of Kogarah in 2011 was 12,763 people. By 2016 the population was 15,090 showing a population growth of 18.2% in the area during that time. The predominant age group in Kogarah is 30-39 years. Households in Kogarah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kogarah work in a professional occupation. In 2011, 55.7% of the homes in Kogarah were owner-occupied compared with 48.3% in 2016.
Kogarah has 10,468 properties. Over the last 5 years, Houses in Kogarah have seen a 68.86% increase in median value, while Units have seen a 23.23% increase. As at 31 July 2024:
- The median value for Houses in Kogarah is $1,709,152 while the median value for Units is $702,943.
- Houses have a median rent of $750 while Units have a median rent of $650.
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