46 Throsby StreetMoss Vale NSW 2577
Property Details for 46 Throsby St, Moss Vale
46 Throsby St, Moss Vale is a 13 bedroom, 8 bathroom BlockOfUnits with 12 parking spaces. The property has a land size of 2985m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 13 bedroom BlockOfUnits sold in Moss Vale in the last 12 months.
Last Listing description (October 2024)
This Property presents a rare and outstanding investment opportunity with an excellent income stream plus further development potential (STCA).
Positioned on a beautiful 2,985 sqm parcel of land are 8 residential flats. 3 flats are within a stunning weatherboard home while the remaining 5 flats are divided between two detached brick and tile buildings.
• Flat sizes are 5 x 2-bedroom flats and 3 x 1-bedroom flats.
• Hardstand visitor parking areas.
• Beautifully landscaped grounds with established easy-care gardens and lawns.
• All-weather driveway access to all flats.
If fully occupied at today's market rents the 8 flats would return approximately $172,000 gross per annum*. Current returns are under this amount as flat 4 is vacant and some rents are below market.
Further development potential (STCA) includes strata subdivision of the brick flats and/or a 3 lot Torrents title subdivision of the Property with each set of flats on its own title (previously approved by Council in 1994 but the approval has since lapsed).
There is also potential to convert the weatherboard home back to a single dwelling. It enjoys many beautiful features such as high ceilings (up to 3 metres), two original fireplaces, large country style verandah and timber floorboards.
Enjoying an excellent location close to the town centre, the Property is a one off and so this presents an opportunity not to be missed.
Contact Doug Drysdale on 0422 301 913 or doug.drysdale@raywhite.com for an Information Memorandum.
*This is a genuine estimate as at 28 May 2024 but is not a guarantee of return as markets fluctuate up and/or down over time.
Property History for 46 Throsby St, Moss Vale, NSW 2577
- 24 Oct 2024Sold for $2,700,000
- 18 Mar 2024Listed for Sale Guide $2,785,000
- 28 Jan 2020Listed for Rent $320 / week
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0About Moss Vale 2577
The size of Moss Vale is approximately 79.5 square kilometres. It has 28 parks covering nearly 2.9% of total area. The population of Moss Vale in 2011 was 7,790 people. By 2016 the population was 8,580 showing a population growth of 10.1% in the area during that time. The predominant age group in Moss Vale is 10-19 years. Households in Moss Vale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moss Vale work in a trades occupation. In 2011, 66.3% of the homes in Moss Vale were owner-occupied compared with 68.2% in 2016.
Moss Vale has 5,358 properties. Over the last 5 years, Houses in Moss Vale have seen a 56.47% increase in median value, while Units have seen a 54.80% increase. As at 31 October 2024:
- The median value for Houses in Moss Vale is $1,011,917 while the median value for Units is $743,993.
- Houses have a median rent of $625 while Units have a median rent of $550.
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