70 Edward StreetMolong NSW 2866
Property Details for 70 Edward St, Molong
70 Edward St, Molong is a bedroom, 12 bathroom House with 12 parking spaces. The property has a land size of 2667m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (March 2022)
This is a genuine investment opportunity consisting of 3 separate brick buildings with a total of 12 units. All fully tenanted with a great rental history. Conveniently located close to schools & a short walk to the main street shops & cafes.
All units have 2 large bedrooms with built-in robes
Neat & tidy galley kitchen spaces
Upstairs bathrooms
Internal laundries
All have private court yards
Undercover parking for all units
Set on a large corner block 2687m2
Secure asset with a good gross return with further potential to increase the rents
Potential opportunity to sell down as strata units subject to council approval.
Property History for 70 Edward St, Molong, NSW 2866
- 30 Jun 2023Sold for $260,000
- 06 Oct 2022Sold for $780,000
- 16 Jun 2022Sold
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0About Molong 2866
The size of Molong is approximately 425.3 square kilometres. It has 2 parks. The population of Molong in 2011 was 2,515 people. By 2016 the population was 2,594 showing a population growth of 3.1% in the area during that time. The predominant age group in Molong is 10-19 years. Households in Molong are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Molong work in a managers occupation. In 2011, 74.1% of the homes in Molong were owner-occupied compared with 71.2% in 2016.
Molong has 1,492 properties. Over the last 5 years, Houses in Molong have seen a 97.52% increase in median value, while Units have seen a 62.46% increase. As at 31 October 2024:
- The median value for Houses in Molong is $518,005 while the median value for Units is $477,463.
- Houses have a median rent of $450.
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