OFF MARKET

317 Olive Street
South Albury NSW 2640

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 57m2
Land area: 705m2
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Property Details for 317 Olive St, South Albury

317 Olive St, South Albury is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1975. The property has a land size of 705m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Year Built
1975
Floor Size
57m2
Land Size
705m2
Local Government
Albury City
Lot/Plan
105/DP529610

Last Listing description (December 2021)

Two units on one title with the potential for a third

A well-rounded investment with the potential to add even further value, 317 Olive Street comprises a two-bedroom unit at the front, a one-bedroom unit at the rear, and a generous yard space behind with plenty of scope to add another dwelling(s) subject to council approval.
Situated just steps to Ebden and Olive Caf, and Nord Bakery, you are also within walking distance to Dean Street and surrounding amenities. The blue-chip location is perfect for investment or re-imagine into your own family residence.

The front unit comprises two bedrooms, open plan living and kitchen area, private courtyard and has also been recently updated with new paint and carpet, as well as renovated bathroom.
The rear one-bedroom unit has had a steady long-term tenant and comprises open plan living, bedroom with built in robes and a functional bathroom/laundry. Both units have designated car spaces.
The rear of the property currently comprises a powered double bay shed and workshop. Offering great storage, the shed can be rented separately, utilized for personal use, or removed to create space for further dwellings.
Situated opposite Olive Reserve and Browns Lagoon, and with easy access to the CBD and surrounding amenities, this is a rare opportunity to take the reins of an outstanding investment, add further value, or shape into a dream home in an ideal position.

Features include:
2-bedroom unit + 1 bedroom unit
Space to further extend subject to approval
Unit one rent forecast $320 - $330 per week (currently vacant)
Unit two currently rented at $170 per week
Outstanding position within walking distance to CBD and surrounds

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Property History for 317 Olive St, South Albury, NSW 2640

A timeline of how this property has performed in the market
Last Sold
$480,000
08 Dec 2021
Listed for Rent
25 Oct 2014
  • 08 Dec 2021
    Sold for $480,000
  • 29 Sep 2021
    Listed for Sale $515,000
  • 15 Oct 2014
    Listed for Rent $200 / week
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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.

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