1 Sherwood Ave, Kooringal is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 664m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 8 bedroom Unit sold in Kooringal in the last 12 months.
This investment property is conveniently located between the Kooringal Mall and Wagga Wagga's Central Business District. Fully leased, the four, two-bedroom units are well presented with two long term tenants and a combined weekly rent of $1,075. Unit rents ranging between $250 - $285 per week.
The units have been renovated with all units having new kitchens and 3 of the units having renovated bathrooms. Each unit having a private courtyard garden and an external laundry.
This investment represents an outstanding opportunity for investors to secure a multi-unit investment and we expect strong interest. Please register your interested by contacting Richard 0409 005 336 or Lisa 0411 371 564
Estimated Annual Rent: $55,380 per annum
Council Rates: $5,442.02 per annum
Water Rates: $160 per quarter plus usage
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The size of Kooringal is approximately 4.8 square kilometres. It has 6 parks covering nearly 7.2% of total area. The population of Kooringal in 2011 was 7,308 people. By 2016 the population was 7,228 showing a population decline of 1.1% in the area during that time. The predominant age group in Kooringal is 20-29 years. Households in Kooringal are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kooringal work in a professional occupation. In 2011, 61.9% of the homes in Kooringal were owner-occupied compared with 59.7% in 2016.
Kooringal has 3,603 properties. Over the last 5 years, Houses in Kooringal have seen a 78.28% increase in median value, while Units have seen a 58.88% increase. As at 30 September 2024:
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