SOLD
Sold on 04 Oct 2024 for $180,000

15/165 Thompsons Road
Pokolbin NSW 2320

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 12561m2
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Property Details for 15/165 Thompsons Rd, Pokolbin

15/165 Thompsons Rd, Pokolbin is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 12561m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Pokolbin in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
94m2
Land Size
12561m2
Local Government
Cessnock
Lot/Plan
15/SP70010

Last Listing description (February 2021)

This is a great opportunity to secure a fully furnished 1 bedroom villa in Australia's leading health retreat, the golden door resort. This villa presents very well and offers stunning views over the valley.

The Numbers look like this. The Gross yearly rental return of $13,887.72 pa with annual increases by way of CPI (every May). One quarter of the gross yearly rental is held back in trust for the Villa Refurbishment Program ($3,471.93 pa) which leaves you with $10,415.79

ALL outgoings paid for by the tenant except the strata capital works fund of $404 pq (approx) and council rates of $152 pq (approx) with a final Net return of $8037.62* after these limited outgoings are deducted.

Lease start 1st May 2018 with a 6 year option.

Property Quick Facts
- 1 good sized bedroom - Fully Furnished - Spacious open plan sitting space - Stylish kitchenette - Ducted air conditioning - Large ensuite - Verandah off sitting area
For your copy of the contract or to find out what you need to do today to buy this investment opportunity please contact us on 4050 6000 or email us for details.

NB: There is a current variation to the lease due to Covid -19 trade restrictions.

For the period between 1 September 2020 until 31 October 2020, the Lessee will pay to the Lessor:- Fifty percent (50%) of the Rent due each month;
For the period between 1 November 2020 until 31 December 2020, the Lessee will pay to the Lessor:- Seventy five percent (75%) of the Rent due each month;
For the period from 1 January 2021 onwards, the Lessee will pay to the Lessor:- One hundred percent (100%) of the Rent due each month; and
Lease Agreement Extension
(e) The Term of the Lease Agreement will be extended by nine (9) months, meaning that the new end date of the Lease Agreement will be 31 January 2025.

*the return is based on the nett yield divided into the sale price and does not factor in legals, stamp duty or funding cost. LJ Hooker Cessnock does not give financial or investment advice any claims are of a general nature only. ** approximate savings are based on the room rates at time of listing.

Property History for 15/165 Thompsons Rd, Pokolbin, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$180,000
04 Oct 2024
  • 04 Oct 2024
    Sold for $180,000
  • 21 May 2024
    Sold
  • 15 Feb 2021
    Listed for Sale Sold
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About Pokolbin 2320

The size of Pokolbin is approximately 132.8 square kilometres. It has 10 parks covering nearly 9.6% of total area. The population of Pokolbin in 2011 was 694 people. By 2016 the population was 955 showing a population growth of 37.6% in the area during that time. The predominant age group in Pokolbin is 60-69 years. Households in Pokolbin are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Pokolbin work in a managers occupation. In 2011, 69.3% of the homes in Pokolbin were owner-occupied compared with 77.5% in 2016.

Pokolbin has 1,596 properties. Over the last 5 years, Houses in Pokolbin have seen a 103.14% increase in median value, while Units have seen a 76.50% increase. As at 30 November 2024:

  • The median value for Houses in Pokolbin is $1,173,886 while the median value for Units is $457,228.
  • Houses have a median rent of $650.
There are currently 19 properties listed for sale, and 3 properties listed for rent in Pokolbin on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Pokolbin.

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LJ Hooker Cessnock
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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.