7 Margaret StreetSouth Tamworth NSW 2340
Property Details for 7 Margaret St, South Tamworth
7 Margaret St, South Tamworth is a 8 bedroom, 4 bathroom House with 2 parking spaces. The property has a land size of 1017m2 and floor size of 154m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (November 2020)
Call First National Real Estate Tamworth on (02) 67666122
Lot 22 in Deposited Plan 15714
1,012 sqr mtrs with 2 street frontages (Margaret Street & May Lane) with drive through access to both streets.
Fast Facts:
1. 1 Title - Torrens Title
2. 1,012 Sqr mtr block with 2 street frontages (Margaret Street & May Lane)
3. An ideal buy and hold for the future years with that added re-development potential
4. The original federation homestead plus a duplex with 2 x 2 BRMs
5. Unit 1 (original home) returning $275 per week
6. Units 2 & 3 (duplex) $190 each per week
7. Returning $655 per week or $34,060 yearly = 6.48% Gross return
Council rates are approx. $5,720
Council water rates vary and are user pay
Contact:
Margo Taggart 0427-167 282 Principal
David Doherty 0417-288 545 Principal
Brooke Phillis 0432-561 719 Licensed Agent
Disclaimer: We have not verified whether or not that the information in this advertisement is accurate and we do not have any belief one way or the other of its accuracy. All purchasers must rely completely upon their own inquiries before purchasing.
First National Real Estate Tamworth is
Tamworth furnished accommodation; strata management agents in Tamworth; residential sales in Tamworth; property management agents in Tamworth; rural sales agents in Tamworth; and licensed auctioneers.
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Property History for 7 Margaret St, South Tamworth, NSW 2340
- 25 Aug 2023Sold for $765,000
- 24 Nov 2020Sold for $500,000
- 24 Nov 2020Listed for Sale $525,000
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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 3,607 properties. Over the last 5 years, Houses in South Tamworth have seen a 58.80% increase in median value, while Units have seen a 64.74% increase. As at 31 July 2024:
- The median value for Houses in South Tamworth is $421,176 while the median value for Units is $343,658.
- Houses have a median rent of $410 while Units have a median rent of $295.
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