SOLD
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Sold on 24 May 2024 for $312,500

49 Margaret Crescent
South Grafton NSW 2460

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 550m2
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Property Details for 49 Margaret Cres, South Grafton

49 Margaret Cres, South Grafton is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 550m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in South Grafton in the last 12 months.

Building Type
House
Land Size
550m2
Local Government
Clarence Valley
Lot/Plan
34/DP31963

Last Listing description (May 2024)

It's hard to find 4 bedroom homes for this price. 49 Margaret Crescent is 4 bed, 1 bath with a big lock-up carport and fenced yard. The back 4th bedroom could also be used as a living space, if needed, as it integrates well with the main lounge room and kitchen.

Located in a flood free neighbourhood this home has hardwood timber flooring for most of its layout - handy to know for future renovations.

The outgoing tenant is paying $390 per week which is cheap - most comparable rentals are fetching $420 or so at present.

The location is walkable distance to Gilwinga State Primary and St Josephs Catholic. The nearest neighbourhood store - the Top Shop - is about 500m away.

Is there work to do? Definitely - the property would do well with a tidy up to paintwork, flooring and window furnishings and future renovations to kitchen and bathroom could take advantage of the large layout and add rental value again.

Evidence shows this type of investment is smart for a few reasons: low entry price, highly rentable and based on the last 20 years likely to yield capital growth.

Pest & building reports are available. The property will be sold with vacant possession.

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Property History for 49 Margaret Cres, South Grafton, NSW 2460

A timeline of how this property has performed in the market
Last Sold
$312,500
24 May 2024
Listed for Rent
$390/w
28 Sep 2022
  • 22 Jul 2024
    Listed for Rent $440 / week
  • 24 May 2024
    Sold for $312,500
  • 16 Apr 2024
    Listed for Sale $325,000
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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 3,361 properties. Over the last 5 years, Houses in South Grafton have seen a 56.15% increase in median value, while Units have seen a 19.74% increase. As at 31 July 2024:

  • The median value for Houses in South Grafton is $403,457 while the median value for Units is $278,275.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 17 properties listed for sale, and 11 properties listed for rent in South grafton on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in South grafton.

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Angus McKimm
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Mckimm's Real Estate Pty Ltd - GRAFTON
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