42 Railway ParadeMittagong NSW 2575
Property Details for 42 Railway Pde, Mittagong
42 Railway Pde, Mittagong is a 8 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 1204m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (April 2023)
If you are looking for the perfect investment opportunity, look no further!
A prime location, just a stone's throw to Mittagong train station, cafes and shops, these four two-bedroom units offer affordable rental prices, no shortage of tenants and regular income. Solid brick construction, single-level units, all with individual access to water, gas and electricity.
Unit one and three are identical in layout, with unit two and four the mirror image. Each with two bedrooms, they are well suited to singles and couples. With the added benefit of your own internal laundry with storage, a good-size bathroom and a generous kitchen, they are highly sought-after rental properties. Buy to land bank and redevelop or renovate in years to come. Bursting with development potential, reap the benefits of this once in a lifetime investment opportunity.
Property Features
Four two-bedroom units - one bedroom in each with built-in robe
Internal laundries with access to the communal backyard
Generous kitchens with lots of bench and storage space
Good size living and dining area
Gas bayonet connections for heating
Single car covered carports
Individually metered amenities-water, gas and electricity
Corner block
Rental Prices
Flat one - $360 pw
Flat two - $380 pw
Flat three - $290 pw
Flat four - $330 pw
Land Details
Council Rates - $3,300pa approx
Water / Sewerage Rates: $4,480pa approx (usage in addition paid by tenants)
Total block size 1204sqm approx
Frontage 58.9sqm approx
Width 20.9sqm approx
One title/R3 zoning
Property History for 42 Railway Pde, Mittagong, NSW 2575
- 20 Feb 2023Sold for $1,536,000
- 07 Feb 2023Listed for Sale Contact Agent
- 11 Jun 2020Listed for Rent $360 / week
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0About Mittagong 2575
The size of Mittagong is approximately 60.5 square kilometres. It has 12 parks covering nearly 20.4% of total area. The population of Mittagong in 2011 was 5,720 people. By 2016 the population was 5,756 showing a population growth of 0.6% in the area during that time. The predominant age group in Mittagong is 10-19 years. Households in Mittagong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mittagong work in a professional occupation. In 2011, 69.8% of the homes in Mittagong were owner-occupied compared with 69.3% in 2016.
Mittagong has 3,676 properties. Over the last 5 years, Houses in Mittagong have seen a 66.01% increase in median value, while Units have seen a 1.63% increase. As at 31 July 2024:
- The median value for Houses in Mittagong is $1,033,390 while the median value for Units is $609,857.
- Houses have a median rent of $600 while Units have a median rent of $500.
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