7 Sherwood AvenueKooringal NSW 2650
Property Details for 7 Sherwood Ave, Kooringal
7 Sherwood Ave, Kooringal is a 6 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 799m2.
Last Listing description (October 2022)
Prime Investment opportunity to purchase (in one line) three strata units. Located in Kooringal, the property is conveniently positioned half way between the Kooringal Mall and the Wagga Central Business District.
Each strata unit comprises two bedrooms with built in wardrobes, lounge room, bathroom and separate laundry. Each unit opening onto a private courtyard and each having a single carport in title.
Currently fully leased:
Unit 1: Paying $195 per week with lease expiring 21/10/22. Tenant occupied since 2015
Unit 2: Paying $195 per week on an expired lease. Tenant occupied since 2018
Unit 3: Paying $185 per week with lease expiring 4/3/23. Tenant occupied since 2021
Current rental potential is estimated between $240-250 per week per unit.
Current Gross Income: $29,900 per annum
Potential Gross Income: $38,220 per annum.
Council Rates: $1,739.50 per annum per unit. $5,218.50 in total.
All information contained therein is gathered from relevant third party sources. We cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.
Property History for 7 Sherwood Ave, Kooringal, NSW 2650
- 25 Jul 2022Listed for Sale PREVIEW
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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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