14 Edney StreetKooringal NSW 2650
Property Details for 14 Edney St, Kooringal
14 Edney St, Kooringal is a 16 bedroom, 8 bathroom Unit with 8 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (October 2021)
One of the best Returns on Investment you will find in New South Wales. A massive 8.1% gross return on asking price.Located in a Regional City with strong population growth and low vacancy rates. This two storey block of eight x two bedroom units is a short walk from Kooringal Mall and Kooringal High School, and within a 10 minute drive of the Wagga Wagga CBD, Hospital Precinct and Lake Albert. The block has under gone extensive renovations in recent years with all units renovated in 2015, including the installation of split system air conditioners. Externally, the block has new gutters, down pipes and fascia boards. Upgrades to storm water management and common areas and driveways. Each unit includes:- Galley kitchens and lounge room.- Two bedrooms both with built in wardrobes;- Reverse Cycle air conditioning- Combined bathroom and laundry - single carport Estimated Income: $76,960 per annumUnit 1: $190 per week. Lease expires 27/2/21Unit 2: $185 per week. Lease expires 7/12/2020Unit 3: $180 per week. Lease expires 6/12/2020Unit 4: $185 per week. Lease expires 14/12/2020Unit 5: $190 per week. Lease expires 29/01/2021Unit 6: $165 per week. Lease expired 19/01/2017Unit 7: $190 per week. Lease expires 6/12/2020Unit 8: $195 per week. Lease expires 24/08/2021Council Rates: $9,452.12 per annum (2020-2021)Land Area: 1,012 square metresPlease note that we also have the adjoining block of 8 units (12 Edney Street) for sale with annual income $77,480. Asking $950,000. Gross Yield 8.16%. By one block or buy them both.
Property History for 14 Edney St, Kooringal, NSW 2650
- 21 May 2021Sold for $1,000,000
- 22 Sep 2020Listed for Sale $950,000
- 28 Feb 2020Listed for Sale $950,000
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About Kooringal 2650
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 3,583 properties. Over the last 5 years, Houses in Kooringal have seen a 81.07% increase in median value, while Units have seen a 62.39% increase. As at 31 October 2024:
- The median value for Houses in Kooringal is $510,094 while the median value for Units is $353,764.
- Houses have a median rent of $470 while Units have a median rent of $320.
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