OFF MARKET

316/318 Townsend Street
South Albury NSW 2640

Bedrooms: 5
Bathrooms: 2
Car spaces: -
Land area: 1256m2
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Last updated 16 Sep 2024
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Property Details for 316/318 Townsend St, South Albury

316/318 Townsend St, South Albury is a 5 bedroom, 2 bathroom Unit. The property has a land size of 1256m2.

Building Type
Unit
Land Size
1256m2
Local Government
Albury City

Last Listing description (September 2024)

Attention investors! Presenting an exceptional opportunity to acquire two adjoining properties in the highly sought-after South Albury area. 316 and 318 Townsend Street exude old-world charm while offering modern amenities, making them perfect for rental income or redevelopment.316 Townsend Street: 2 Bedrooms 1 Bathroom Gas Cooktop Ornamental Fireplace Split system heating and coolingThis charming home features two cozy bedrooms, a vintage ornamental fireplace, and a functional kitchen with a gas cooktop. It's an ideal rental property that appeals to tenants who appreciate character and comfort.318 Townsend Street: 3 Bedrooms Gas Cooktop Wall Gas HeaterNext door, 318 Townsend Street boasts three spacious bedrooms, a gas cooktop, and a wall gas heater, ensuring year-round tenant satisfaction. This property offers great rental potential with its larger living space and practical layout.Key Investment Highlights: Both properties sold together Strong rental income potential Prime location in South Albury Blend of historic charm and modern amenities Opportunities for future redevelopment STCA Both currently let with exemplary tenantsSeize this rare chance to expand your investment portfolio with these two properties, perfectly situated in one of South Albury's most desirable neighbourhoods. Whether you're looking to generate steady rental income or explore redevelopment options, 316 and 318 Townsend Street offer endless possibilities.Contact us today to learn more about this outstanding investment opportunity and schedule a viewing.

Property History for 316/318 Townsend St, South Albury, NSW 2640

A timeline of how this property has performed in the market
  • 03 Jul 2024
    Listed for Sale Expressions of Interest

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About South Albury 2640

The size of South Albury is approximately 4.3 square kilometres. It has 14 parks covering nearly 7.5% of total area. The population of South Albury in 2011 was 1,368 people. By 2016 the population was 1,399 showing a population growth of 2.3% in the area during that time. The predominant age group in South Albury is 20-29 years. Households in South Albury are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Albury work in a professional occupation. In 2011, 42.5% of the homes in South Albury were owner-occupied compared with 40.1% in 2016.

South Albury has 1,238 properties. Over the last 5 years, Houses in South Albury have seen a 89.92% increase in median value, while Units have seen a 49.15% increase. As at 31 August 2024:

  • The median value for Houses in South Albury is $716,341 while the median value for Units is $347,350.
  • Houses have a median rent of $430 while Units have a median rent of $320.
There are currently 2 properties listed for sale, and 3 properties listed for rent in South albury on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in South albury.

Suburb Insights for South Albury 2640

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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.