OFF MARKET

18 Summerland Way
Kyogle NSW 2474

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Land area: 1595m2
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Last updated 11 Nov 2024
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Property Details for 18 Summerland Way, Kyogle

18 Summerland Way, Kyogle is a 2 bedroom, 2 bathroom House. The property has a land size of 1595m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Land Size
1595m2
Local Government
Kyogle
Lot/Plan
B/DP340058

Last Listing description (March 2024)

This commercial complex is perfectly located and offers the maximum in commercial exposure. The building is currently used as a tyre and mechanical business on the ground level and it has a two-bedroom unit above, which is owner occupied.

This is a great opportunity to invest in the Kyogle CBD area as the town is seeing plenty of growth and interest coming from all over Australia.

Inside the building there is a fully air-conditioned office, lunch and bathrooms, storage shed and a massive work area plus a large and fully covered showroom.

This complex offers the chance to purchase a building on 1625 square metres of land on the fringe of Kyogle's CBD and next to Caltex and opposite IGA.

The owner will also negotiate on the Tyre Power business itself, which has seen a massive turn around in P & L in the last 6 months. Tyre Power is the biggest independent tyre company in Australia and has the best buying power, so it would be great investment opportunity to invest in this great town of ours.

For further information contact Mike Smith on 0413 300 680

Property Code: 908

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Property History for 18 Summerland Way, Kyogle, NSW 2474

A timeline of how this property has performed in the market
Last Sold
$456,875
20 Dec 2021
Listed for Rent
$250/w
09 Apr 2019
  • 20 Dec 2021
    Sold for $456,875
  • 09 Jan 2020
    Listed for Sale $475,000
  • 03 Apr 2019
    Listed for Rent $250 / week
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About Kyogle 2474

The size of Kyogle is approximately 30.1 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Kyogle in 2011 was 2,553 people. By 2016 the population was 2,204 showing a population decline of 13.7% in the area during that time. The predominant age group in Kyogle is 60-69 years. Households in Kyogle are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kyogle work in a labourer occupation. In 2011, 69.1% of the homes in Kyogle were owner-occupied compared with 64.8% in 2016.

Kyogle has 1,429 properties. Over the last 5 years, Houses in Kyogle have seen a 81.30% increase in median value, while Units have seen a 131.85% increase. As at 31 October 2024:

  • The median value for Houses in Kyogle is $530,284 while the median value for Units is $406,481.
  • Houses have a median rent of $440 while Units have a median rent of $360.
There are currently 40 properties listed for sale, and 10 properties listed for rent in Kyogle on OnTheHouse. According to CoreLogic's data, 85 properties were sold in the past 12 months in Kyogle.

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