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Sold on 20 Nov 2024 for $620,000

47 Henning Road
Raymond Terrace NSW 2324

Bedrooms: 6
Bathrooms: 3
Car spaces: 1
Land area: 363.7m2
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Property Details for 47 Henning Rd, Raymond Terrace

47 Henning Rd, Raymond Terrace is a 6 bedroom, 3 bathroom House with 1 parking spaces. The property has a land size of 363.7m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 6 bedroom House sold in Raymond Terrace in the last 12 months.

Building Type
House
Land Size
363.7m2

Last Listing description (November 2024)

Make a difference while building your property portfolio with this exceptional investment opportunity in Raymond Terrace. This newly completed five-bedroom, three-bathroom property offers more than just financial returns, it's your chance to create meaningful social impact in your community.

By investing in this property, you're not just acquiring an asset, you're providing a stepping stone for individuals and families working to rebuild their lives. Your investment directly contributes to creating stable, supportive housing for those who need it most, while still maintaining professional standards and protecting your investment.

This opportunity represents the perfect balance of social responsibility and smart investing. While the rental yield may be modest compared to traditional investments, the combination of guaranteed income, strong capital growth, depreciation benefits, professional management, and the knowledge that your investment is making a real difference creates an unmatched value proposition.

The management company ensures peace of mind with:

- Guaranteed rental payments for the duration of the lease (with flexible terms)
- Comprehensive property maintenance at no additional cost
- Weekly professional inspections
- Monthly photographic documentation
- Full protection guarantee, commitment to return property to original condition

Raymond Terrace was named one of the top 10 locations in regional NSW to purchase property in 2023 according to Canstar's Rising Stars report. It was identified as a promising property location thanks to its sales volumes, price growth, vacancy rates and rental growth, plus infrastructure spending and amenities. Raymond Terrace is a hive of activity most days, with the suburb's main shopping precinct offering an expanding number of retail and dining options, as well as services and schools. Its future also looks promising, with rumours swirling of infrastructure developments that would emphasise the town's relationship with the river.

Outgoings:
Council Rate: $1,716 approx per annum

Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Property History for 47 Henning Rd, Raymond Terrace, NSW 2324

A timeline of how this property has performed in the market
Last Sold
$620,000
20 Nov 2024
  • 06 Nov 2024
    Sold for $620,000
  • 31 Oct 2024
    Listed for Sale Friendly Auction

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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 6,726 properties. Over the last 5 years, Houses in Raymond Terrace have seen a 63.83% increase in median value, while Units have seen a 79.78% increase. As at 30 November 2024:

  • The median value for Houses in Raymond Terrace is $565,330 while the median value for Units is $463,098.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 40 properties listed for sale, and 19 properties listed for rent in Raymond terrace on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Raymond terrace.

Suburb Insights for Raymond Terrace 2324

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Contact agent
Mikkel Hansen
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Ryan Houston
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Presence Newcastle, Lake Macquarie, Central Coast & Hunter
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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.