SOLD
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Sold on 25 Jun 2024 for $387,500

45 Brolgan Road
Parkes NSW 2870

Bedrooms: 3
Bathrooms: 1
Car spaces: 6
Floor area: 107m2
Land area: 749m2
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Property Details for 45 Brolgan Rd, Parkes

45 Brolgan Rd, Parkes is a 3 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 749m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Parkes in the last 12 months.

Building Type
House
Floor Size
107m2
Land Size
749m2
Local Government
Parkes
Lot/Plan
31/DP790827

Last Listing description (June 2024)

Property details:
- Location: 45 Brolgan Road, Parkes
- Type: 749sqm residential block, three-bedroom, one-bathroom

- Features: large powered 14m x 6m shed on a well-fenced property
- Improvements: freshly painted throughout, new flooring and window furnishings

Investment highlights:
- Current tenancy: 6-month lease in place
- Rental income: $400 per week
- Annual rental yield: $20,800

Advantages:
-Steady Income: The property is already tenanted, ensuring immediate rental income
-Potential for Growth: The sizable block offers opportunities for future development or enhancements
-Comforts: natural instant gas HWS, ducted evaporative cooling, one reverse cycle split system
-Move-in Ready: no improvements needed

Ideal property as there are no improvements to be done.

For more details or to arrange a viewing, please contact us at your earliest convenience. This property is a fantastic opportunity for investors looking to secure a reliable rental income with the potential for future growth.

Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.

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Property History for 45 Brolgan Rd, Parkes, NSW 2870

A timeline of how this property has performed in the market
Last Sold
$387,500
25 Jun 2024
Listed for Rent
29 Jun 2020
  • 25 Jun 2024
    Sold for $387,500
  • 29 May 2024
    Listed for Sale $410,000
  • 18 Sep 2020
    Sold for $235,000
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About Parkes 2870

The size of Parkes is approximately 975 square kilometres. It has 38 parks covering nearly 12% of total area. The population of Parkes in 2011 was 11,265 people. By 2016 the population was 11,421 showing a population growth of 1.4% in the area during that time. The predominant age group in Parkes is 0-9 years. Households in Parkes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a trades occupation. In 2011, 65.4% of the homes in Parkes were owner-occupied compared with 64.6% in 2016.

Parkes has 6,875 properties. Over the last 5 years, Houses in Parkes have seen a 68.34% increase in median value, while Units have seen a 34.50% increase. As at 31 October 2024:

  • The median value for Houses in Parkes is $397,339 while the median value for Units is $291,652.
  • Houses have a median rent of $430 while Units have a median rent of $275.
There are currently 101 properties listed for sale, and 27 properties listed for rent in Parkes on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Parkes.

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