3 East StreetSouth Kempsey NSW 2440
Property Details for 3 East St, South Kempsey
Last Listing description (May 2022)
Situated on the edge of town, just minutes from Kempsey CBD, a hop, skip and a jump from the industrial area, and 15min to Crescent Head sits an opportunity not to be missed. This property offers its next owner an existing income with potential for growth.
Sitting on 5.5Ha (13.5Ac), are 2 established homes and multiple sheds. In its heyday the property was used as a timber mill, and with approx. 1800sqm of undercover area and multiple sheds on the property, with easy access available it is ideal for parking up your truck or storing bulk supplies.
The larger of the homes is fully fenced and offers 3 bedrooms, 1 bath (2 toilets) with attached double carport and has a long term tenant currently paying $285/wk, however could achieve $330/wk in todays market. The smaller cottage is currently receiving $90/wk, but could achieve $150/wk in todays market.
With only a small portion of land currently being used, there is potential for development, shedding or storage facilities, of course subject to council approval. An opportunity not to be missed, 3 East St is going to Auction on 11 Feb 2022.
Property History for 3 East St, South Kempsey, NSW 2440
- 30 Mar 2022Listed for Sale Sold
- 11 Mar 2022Listed for Sale Sold
- 11 Feb 2022Sold for $835,000
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About South Kempsey 2440
The size of South Kempsey is approximately 66.3 square kilometres. It has 8 parks covering nearly 28.7% of total area. The population of South Kempsey in 2011 was 2,466 people. By 2016 the population was 2,309 showing a population decline of 6.4% in the area during that time. The predominant age group in South Kempsey is 0-9 years. Households in South Kempsey are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Kempsey work in a professional occupation. In 2011, 59.4% of the homes in South Kempsey were owner-occupied compared with 62.3% in 2016.
South Kempsey has 1,566 properties. Over the last 5 years, Houses in South Kempsey have seen a 53.91% increase in median value, while Units have seen a 71.35% increase. As at 31 October 2024:
- The median value for Houses in South Kempsey is $421,603 while the median value for Units is $404,821.
- Houses have a median rent of $460 while Units have a median rent of $350.
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