OFF MARKET

45 Louee Street
Rylstone NSW 2849

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 101m2
Land area: 737m2
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Property Details for 45 Louee St, Rylstone

45 Louee St, Rylstone is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 737m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2016.

Building Type
House
Floor Size
101m2
Land Size
737m2
Local Government
Mid-Western Regional
Lot/Plan
1/DP349986

Last Listing description (August 2016)

Prime location, outstanding rental returns and long term lease all adds up to make this arguably the smartest investment opportunity in town.
Rylstones Friendly Grocer has been operating in the main street for decades and with the owners retirement and the subsequent leasing of the highly regarded local business the commercial premises right in the heart of Rylstones CBD is now offered for sale.
The property comprises the downstairs grocery shop, plus cool room, storage and preparation area at the rear with an upstairs 2 bedroom flat currently leased separately from the shop.

It's a great investment with gross annual income representing over 10% gross return on the full asking price of $429,500.
All plant and equipment required to operate the business is included in the sale and the current tenants are only 6 months into a 3 year lease with a 3 year option.
Grab the calculator, do the sums but youll struggle to find a more secure investment with such solid returns.
For full details and to arrange your inspection call Geoff Bartlett at First National Kandos Rylstone on 6372 3288 or 0413 488 188.

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Property History for 45 Louee St, Rylstone, NSW 2849

A timeline of how this property has performed in the market
Last Sold
$400,000
29 Jan 2016
  • 29 Jan 2016
    Sold for $400,000
  • 09 Jul 2015
    Listed for Sale $429,500
  • 05 Aug 1994
    Sold for $100,000

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About Rylstone 2849

The size of Rylstone is approximately 131.7 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Rylstone in 2011 was 874 people. By 2016 the population was 932 showing a population growth of 6.6% in the area during that time. The predominant age group in Rylstone is 60-69 years. Households in Rylstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rylstone work in a trades occupation. In 2011, 75.8% of the homes in Rylstone were owner-occupied compared with 72.9% in 2016.

Rylstone has 745 properties. Over the last 5 years, Houses in Rylstone have seen a 77.65% increase in median value. As at 30 September 2024:

  • The median value for Houses in Rylstone is $449,898 while the median value for Units is $421,835.
  • Houses have a median rent of $393.
There are currently 11 properties listed for sale, and 3 properties listed for rent in Rylstone on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Rylstone.

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