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Sold on 08 Feb 2024 for $695,500

4 Smiths Lane
Raymond Terrace NSW 2324

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Land area: 1113m2
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Property Details for 4 Smiths Lane, Raymond Terrace

4 Smiths Lane, Raymond Terrace is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1113m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Raymond Terrace in the last 12 months.

Building Type
House
Land Size
1113m2
Local Government
Port Stephens
Lot/Plan
51/DP1109442

Last Listing description (February 2024)

Outstanding central location only minutes from the CBD this property presents an ideal opportunity for those owner occupiers wanting a large lot size for their own pleasure and enjoyment or those looking for a solid development opportunity with different available options including a granny flat addition (STCA).

Key Features:
- Three bedrooms all offering built in robes, the main bedroom offers a ceiling fan and en-suite

- Spacious living area with reverse cycle air conditioning
- Well-appointed kitchen with island bench and generous cupboard space
- Separate dining room off the kitchen with air conditioning
- Family orientated three way bathroom
- Large screened / enclosed alfresco off the back of the home
- Single lock up garage attached to the house
- Detached double garage with workshop (workshop includes separate roller door access) and carport

On top of the plentiful options the land size boasts the house itself provides a versatile family oriented floor plan with scope to modernize, update and add value.

Council/water rates approximately $2,528 per annum
For the investor you would expect a return of $575 - $595 per week
Land Size: 1,113m2
Zoned: R3 Medium Density Residential

This information has been provided to us by third parties and we do not accept responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice is necessary.

Property History for 4 Smiths Lane, Raymond Terrace, NSW 2324

A timeline of how this property has performed in the market
Last Sold
$695,500
08 Feb 2024
  • 31 Jan 2024
    Sold for $695,500
  • 29 Nov 2023
    Listed for Sale $670,000 - $699,000
  • 27 Jun 2023
    Sold

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About 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 6,666 properties. Over the last 5 years, Houses in Raymond Terrace have seen a 60.72% increase in median value, while Units have seen a 69.34% increase. As at 31 October 2024:

  • The median value for Houses in Raymond Terrace is $552,529 while the median value for Units is $458,193.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 49 properties listed for sale, and 14 properties listed for rent in Raymond terrace on OnTheHouse. According to CoreLogic's data, 240 properties were sold in the past 12 months in Raymond terrace.

Suburb Insights for Raymond Terrace 2324

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Lauren Hair
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Jessica Snow
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STEVE BATES REAL ESTATE
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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.