SOLD
RECENT ADVICE
Sold on 22 Aug 2024 for $385,000

39 Summerland Way
Kyogle NSW 2474

Bedrooms: 1
Bathrooms: 3
Car spaces: -
Land area: 116m2
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Amanda Johnson Realty - CASINO
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Property Details for 39 Summerland Way, Kyogle

39 Summerland Way, Kyogle is a 1 bedroom, 3 bathroom House. The property has a land size of 116m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom House sold in Kyogle in the last 12 months.

Building Type
House
Land Size
116m2
Local Government
Kyogle
Lot/Plan
5/DP260777

Last Listing description (September 2024)

3 Commercial properties are now for sale fronting Summerland Way for less than $1m.

The buildings are located at 39, 43 & 45 Summerland Way, two of the buildings have tenants, the third building is an owner run laundromat that comes with the package, so there is a guaranteed income from the start.

Income for the three properties including the laundromat, is around $86,000 per annum.

There is a great opportunity to value add the laundromat through creating an ironing business and contracting sporting clubs and accommodation places in and around Kyogle. It is the only one in town.

All the dryers and washing machines are near new and the other two tenants pay for their outgoings.

Be quick to become a part of this growing community by contact Simon on 0402 706 565 and for an immediate inspection.

Property Code: 1450

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Property History for 39 Summerland Way, Kyogle, NSW 2474

A timeline of how this property has performed in the market
Last Sold
$385,000
22 Aug 2024
  • 22 Aug 2024
    Sold for $385,000
  • 17 Feb 2023
    Listed for Sale $1,100,000
  • 20 Jan 2016
    Sold for $150,000

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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 1,430 properties. Over the last 5 years, Houses in Kyogle have seen a 74.17% increase in median value, while Units have seen a 100.69% increase. As at 30 September 2024:

  • The median value for Houses in Kyogle is $522,137 while the median value for Units is $381,461.
  • Houses have a median rent of $445 while Units have a median rent of $345.
There are currently 48 properties listed for sale, and 10 properties listed for rent in Kyogle on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Kyogle.

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