OFF MARKET

104 Spring Street
South Grafton NSW 2460

Bedrooms: 12
Bathrooms: 4
Car spaces: 4
Floor area: 311m2
Land area: 2055m2
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Property Details for 104 Spring St, South Grafton

104 Spring St, South Grafton is a 12 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1997. The property has a land size of 2055m2 and floor size of 311m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
Unit
Year Built
1997
Floor Size
311m2
Land Size
2055m2
Local Government
Clarence Valley
Lot/Plan
3/DP847714

Last Listing description (August 2024)

Superb medium to long term residential investment right here - with plenty of land to build more.

4 x 3 bedroom townhouses constructed in sturdy brick. Each has the same layout with living areas and toilets on each floor, internal access to lock up garage, separate laundry, individual verandahs.

The 2055sqm lot would fit further townhouses (or other structures) that could be built in future STCA. The zoning is very flexible.

Within a short walk to South Grafton shops and sporting grounds, 1.2km from South Grafton Primary School.

Excellent rental history - one tenant has been in place since construction in 1996. At a very conservative market rent of $395 per week each the total income could exceed $80,000. p.a.

Owner will consider offers with up to 21 days subject to finance.

Pest & building reports are available.

Zoning is E2 Commercial Centre.

The current rental return is:
Unit 1 $400pw
Unit 2 $395pw
Unit 3 $300pw
Unit 4 $320pw

Expenses include:
Insurance
Building $3568 pa
Contents $1327 pa

Water is approx $1350 per year for entire complex
Rates $9560pa (2024 FY) total

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Property History for 104 Spring St, South Grafton, NSW 2460

A timeline of how this property has performed in the market
Last Sold
$725,000
10 Aug 2017
Listed for Rent
$200/w
12 Aug 2011
  • 02 Jul 2024
    Listed for Sale $1,200,000
  • 10 Aug 2017
    Sold for $725,000
  • 16 Jun 2017
    Listed for Sale Not Disclosed
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About South Grafton 2460

The size of South Grafton is approximately 24.9 square kilometres. It has 17 parks covering nearly 6.9% of total area. The population of South Grafton in 2011 was 6,390 people. By 2016 the population was 6,085 showing a population decline of 4.8% in the area during that time. The predominant age group in South Grafton is 50-59 years. Households in South Grafton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Grafton work in a community and personal service occupation. In 2011, 60.4% of the homes in South Grafton were owner-occupied compared with 60.6% in 2016.

South Grafton has 3,360 properties. Over the last 5 years, Houses in South Grafton have seen a 65.26% increase in median value, while Units have seen a 17.25% increase. As at 31 October 2024:

  • The median value for Houses in South Grafton is $426,317 while the median value for Units is $292,037.
  • Houses have a median rent of $450 while Units have a median rent of $355.
There are currently 27 properties listed for sale, and 7 properties listed for rent in South grafton on OnTheHouse. According to CoreLogic's data, 238 properties were sold in the past 12 months in South grafton.

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