OFF MARKET

1 Margaret Street
South Tamworth NSW 2340

Bedrooms: 8
Bathrooms: 4
Car spaces: 3
Floor area: 71m2
Land area: 573m2
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Property Details for 1 Margaret St, South Tamworth

1 Margaret St, South Tamworth is a 8 bedroom, 4 bathroom Unit with 3 parking spaces and was built in 1981. The property has a land size of 573m2 and floor size of 71m2.

Building Type
Unit
Year Built
1981
Floor Size
71m2
Land Size
573m2
Local Government
Tamworth Regional
Lot/Plan
CP/SP56864

Last Listing description (June 2019)

* Block of three, 2 bedroom x 1 bathroom units in South Tamworth.
* All units currently leased for $240/week each. All leased by the one company = rent paid even when vacant.
* Strata titled. One owner. Potential for another unit to be built at the rear of the property (previously DA approved).

* Conveniently located within walking distance to schools, bowling club, swimming pool, shopping centre, and only minutes to the CBD.
* Brick & tile.
* Rates are approximately $1,904 per unit per annum.
* Gross annual return of $39,000 per annum.
* All 3 units are similar in layout, with units 1 & 2 having updated kitchens. All bedrooms have built-ins and main bedrooms are spacious. Reverse Cycle Split System in each unit.
* Each unit has its own carport, storage space, and courtyard.
* Lease Renewal Guarantees Income Till 2020

Property History for 1 Margaret St, South Tamworth, NSW 2340

A timeline of how this property has performed in the market
  • 20 Feb 2019
    Listed for Sale $555,000

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About South Tamworth 2340

The size of South Tamworth is approximately 6 square kilometres. It has 21 parks covering nearly 6.3% of total area. The population of South Tamworth in 2011 was 6,692 people. By 2016 the population was 6,547 showing a population decline of 2.2% in the area during that time. The predominant age group in South Tamworth is 20-29 years. Households in South Tamworth are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Tamworth work in a labourer occupation. In 2011, 54.3% of the homes in South Tamworth were owner-occupied compared with 50.8% in 2016.

South Tamworth has 3,604 properties. Over the last 5 years, Houses in South Tamworth have seen a 63.23% increase in median value, while Units have seen a 59.46% increase. As at 30 November 2024:

  • The median value for Houses in South Tamworth is $431,572 while the median value for Units is $338,521.
  • Houses have a median rent of $420 while Units have a median rent of $300.
There are currently 17 properties listed for sale, and 12 properties listed for rent in South tamworth on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in South tamworth.

Suburb Insights for South Tamworth 2340

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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.