OFF MARKET

194 Browning Street
Mitchell NSW 2795

Bedrooms: 15
Bathrooms: 4
Car spaces: -
Land area: 892m2
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Property Details for 194 Browning St, Mitchell

194 Browning St, Mitchell is a 15 bedroom, 4 bathroom Unit and was built in 1975. The property has a land size of 892m2. While the property is not currently for sale or for rent, it was last sold in January 2011.

Building Type
Unit
Year Built
1975
Land Size
892m2
Local Government
Bathurst Regional
Lot/Plan
2/DP813492

Last Listing description (January 2025)

If you're looking for a solid return on investment, 194 Browning Street is the perfect property. Located just a few minutes walk from the University campus and the Bathurst CBD, this is a rare opportunity to secure a fantastic property.

Investment Highlights:

- 14 rooms with an average weekly rent of $210 per room, plus a self contained separate unit with an income of $280 per week (a potential return of $167,440 gross per year)
- Separate electricity meters for each room allowing tenants to pay for their own electricity consumption
- All rooms are furnished with a bed, tv, refrigerator & desk
- Shared commercial kitchen facilities with timers on cooktops
- Spacious common living, dining and alfresco areas
- Ideal student accommodation
- 6.6kw solar system (approx)
- Coin operated laundry facilities
- Off street parking available at an extra cost to tenant
- Security system with cameras on the exterior of the building & in common areas
- Community bike rack
- NBN available on premises
- Low vacancy rates
- Well maintained with the current owners boasting high attention to detail
- Fantastic central location, close to schools, shops, transport, University & sporting facilities

With the potential for growth unitising short stay or AirBnb accommodation, this unit complex offers a rare opportunity to secure a solid investment with a high return. For detailed information about this amazing opportunity to buy in Bathurst call Ben Stevens on 0422 226 809.

Property History for 194 Browning St, Mitchell, NSW 2795

A timeline of how this property has performed in the market
Last Sold
$625,000
14 Jan 2011
Listed for Rent
$135/w
06 Dec 2017
  • 11 Oct 2024
    Listed for Sale CONTACT AGENT
  • 13 Sep 2017
    Listed for Rent $135 / week
  • 14 Jan 2011
    Sold for $625,000
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About Mitchell 2795

The size of Mitchell is approximately 3.6 square kilometres. It has 4 parks covering nearly 26.9% of total area. The population of Mitchell in 2011 was 1,187 people. By 2016 the population was 1,320 showing a population growth of 11.2% in the area during that time. The predominant age group in Mitchell is 20-29 years. Households in Mitchell are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Mitchell work in a community and personal service occupation. In 2011, 15.8% of the homes in Mitchell were owner-occupied compared with 14.3% in 2016.

Mitchell has 194 properties. Over the last 5 years, Houses in Mitchell have seen a 56.18% increase in median value, while Units have seen a 55.01% increase. As at 31 January 2025:

  • The median value for Houses in Mitchell is $561,339 while the median value for Units is $420,450.
  • Houses have a median rent of $385 while Units have a median rent of $390.
There are currently no properties listed for sale, and 1 property listed for rent in Mitchell on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Mitchell.

Suburb Insights for Mitchell 2795

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.