OFF MARKET

42 Fernleigh Road
Mount Austin NSW 2650

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 112m2
Land area: 750m2
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Property Details for 42 Fernleigh Rd, Mount Austin

42 Fernleigh Rd, Mount Austin is a 0 bedroom, 0 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 750m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Year Built
1940
Floor Size
112m2
Land Size
750m2
Local Government
Wagga Wagga
Lot/Plan
67/DP35641

Last Listing description (November 2022)

A great development opportunity in upwards trending location with an existing dwelling and Council approved two bedroom unit.

- existing dwelling plus DA approved ready to build two bedroom one bathroom unit with single car garage
- currently leased is a four bedroom one bathroom home with tandem carport and large undercover entertaining area

- current rental potential for yet to be constructed unit is $420-$460 per week
- existing dwelling currently leased at $310 per week
- keep both or sell one property with community title subdivision granted
- conveniently located 100 metres from Turvey Tops Shopping Centre and close to the Botanic Gardens, schools and only minutes' drive to the CBD

Dual income investments are very popular and highly sought. With low supply of residential land and unit sites this opportunity shouldn't be missed.

All of the information contained in this document is from sources the Agent and Vendor believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Gross rental return based on current listing price and rent per week, subject to change.

Property History for 42 Fernleigh Rd, Mount Austin, NSW 2650

A timeline of how this property has performed in the market
Last Sold
$452,000
07 Oct 2022
Listed for Rent
$275/w
12 Mar 2016
  • 07 Oct 2022
    Sold for $452,000
  • 08 Sep 2022
    Listed for Sale Auction
  • 21 Feb 2019
    Listed for Rent $285 / week
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About Mount Austin 2650

The size of Mount Austin is approximately 2.6 square kilometres. It has 9 parks covering nearly 30.3% of total area. The population of Mount Austin in 2011 was 3,999 people. By 2016 the population was 3,968 showing a population decline of 0.8% in the area during that time. The predominant age group in Mount Austin is 0-9 years. Households in Mount Austin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Austin work in a trades occupation. In 2011, 55.9% of the homes in Mount Austin were owner-occupied compared with 52% in 2016.

Mount Austin has 1,859 properties. Over the last 5 years, Houses in Mount Austin have seen a 76.22% increase in median value, while Units have seen a 43.83% increase. As at 30 September 2024:

  • The median value for Houses in Mount Austin is $445,589 while the median value for Units is $351,232.
  • Houses have a median rent of $430 while Units have a median rent of $350.
There are currently 17 properties listed for sale, and 3 properties listed for rent in Mount austin on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Mount austin.

Suburb Insights for Mount Austin 2650

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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.