2 Binns StreetRaymond Terrace NSW 2324
Property Details for 2 Binns St, Raymond Terrace
2 Binns St, Raymond Terrace is a 4 bedroom, 4 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 607m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Raymond Terrace in the last 12 months.
Last Listing description (May 2024)
Investors take advantage of the capital growth and depreciation schedule on a brand new investment property! Set on an elevated block and overlooking one of the best views that Raymond Terrace has to offer, this five bed, four bath, one car garage home is already tenanted, offers a great return and is awaiting your smart buyer or savvy investor who is wanting to add a great addition to their current port-folio or for someone that is looking to generate a passive return with none of the normal costs attached. This allows investors to gain more value from the capital growth in the area, the depreciation schedule of the property and a rental return with no added expenses. That’s right!
NO MANAGEMENT FEES!
NO MAINTENACE FEES!
MASSIVE VALUE!
Features that you will love:
• Four Bedrooms
• Four Bathrooms
• Elevated Position
• Great Views
• Already Tenanted
• Great Return
• Brand new build
• Optimal Depreciation Schedule
Come and have a look at this great opportunity that has just hit the market. The leasing structure adds immense value to any long-term investor, you won’t be disappointed.
EVERYTHING IS NEGOTIABLE! Give us a call to have a chat or to book in your private inspection
Council Rates: $1500 per annum
Water Rates: $300 per rating cycle
Rental Return: $575 per week
Property History for 2 Binns St, Raymond Terrace, NSW 2324
- 28 May 2024Sold for $630,000
- 29 Feb 2024Listed for Sale Price Guide $619,000 - $659,000
- 19 Jun 2018Sold for $407,000
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0About Raymond Terrace 2324
The size of Raymond Terrace is approximately 33.8 square kilometres. It has 27 parks covering nearly 34.7% of total area. The population of Raymond Terrace in 2011 was 12,724 people. By 2016 the population was 12,788 showing a population growth of 0.5% in the area during that time. The predominant age group in Raymond Terrace is 0-9 years. Households in Raymond Terrace are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raymond Terrace work in a trades occupation. In 2011, 58.9% of the homes in Raymond Terrace were owner-occupied compared with 57% in 2016.
Raymond Terrace has 6,716 properties. Over the last 5 years, Houses in Raymond Terrace have seen a 73.66% increase in median value, while Units have seen a 56.95% increase. As at 31 July 2024:
- The median value for Houses in Raymond Terrace is $582,051 while the median value for Units is $423,929.
- Houses have a median rent of $550 while Units have a median rent of $430.
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