47 Melbourne StreetNew Berrima NSW 2577
Property Details for 47 Melbourne St, New Berrima
47 Melbourne St, New Berrima is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 689m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (December 2020)
The Phone Code for this property is: 51436. Please quote this number when phoning or texting.
Ideally located Double storey property on large corner block, currently configured as 2 seperate, private Apartments (1 up & 1 down) providing a $680.00 per week rental return. Due to the location the current building could be replaced with 4 Strata Units (STCC) returning $1,520 per week. The re-development could be planned for the future allowing the new owner an instant ROI by leasing both apartments, which makes it a great retirement investment.
To enable a quick sale the apartments are currently vacant awaiting new tenants (there is a long waiting list)
Vendor Finance may be available to approved purchaser or a developer at 4.5% on an Interest Only Loan basis.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 47 Melbourne St, New Berrima, NSW 2577
- 20 Apr 2020Listed for Sale Price By Negotiation
- 14 Mar 2018Sold for $375,000
- 13 Oct 2017Listed for Rent - Price not available
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0About New Berrima 2577
The size of New Berrima is approximately 3.7 square kilometres. It has 1 park covering nearly 4.6% of total area. The population of New Berrima in 2011 was 541 people. By 2016 the population was 594 showing a population growth of 9.8% in the area during that time. The predominant age group in New Berrima is 20-29 years. Households in New Berrima are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in New Berrima work in a labourer occupation. In 2011, 75.8% of the homes in New Berrima were owner-occupied compared with 78.9% in 2016.
New Berrima has 275 properties. Over the last 5 years, Houses in New Berrima have seen a 63.91% increase in median value, while Units have seen a 124.46% increase. As at 31 August 2024:
- The median value for Houses in New Berrima is $804,273 while the median value for Units is $894,853.
- Houses have a median rent of $600.
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