5 Adin StreetScotts Head NSW 2447
Property Details for 5 Adin St, Scotts Head
Last Listing description (February 2016)
An opportunity to get far greater returns than Bank Interest.
This commercial property has a chemist shop, gift shop and 2 x 2 bedroom flats upstairs.With a recent a review of the business leases, and the new pharmacist taking a long term lease with options. This property offers sound stability for a solid long term investment In Scotts Head.
The Nambucca Council is currently giving consideration to a possible re-zoning of the Adin Street presinct which would no doubt make this a more attractive investment property in the future. The current upgrade of the Pacific Highway would also make Scotts Head village an even more desirable location.
Property History for 5 Adin St, Scotts Head, NSW 2447
- 16 Feb 2016Sold for $427,500
- 25 Sep 2015Listed for Sale $497,000
- 21 Jul 2015Listed for Sale Not Disclosed
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About Scotts Head 2447
The size of Scotts Head is approximately 6.7 square kilometres. It has 1 park covering nearly 69.8% of total area. The population of Scotts Head in 2011 was 821 people. By 2016 the population was 878 showing a population growth of 6.9% in the area during that time. The predominant age group in Scotts Head is 60-69 years. Households in Scotts Head are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Scotts Head work in a professional occupation. In 2011, 68.1% of the homes in Scotts Head were owner-occupied compared with 66.7% in 2016.
Scotts Head has 776 properties. Over the last 5 years, Houses in Scotts Head have seen a 98.94% increase in median value, while Units have seen a 65.07% increase. As at 30 November 2024:
- The median value for Houses in Scotts Head is $732,434 while the median value for Units is $538,835.
- Houses have a median rent of $550.
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