6 Peggy StreetSwansea NSW 2281
Property Details for 6 Peggy St, Swansea
6 Peggy St, Swansea is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 691m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (February 2019)
This single Torrens Title property offers the family or investor a great opportunity to live with the extended family or rent out for a positive return. The property offers a 1 bedroom townhouse along with 2 x 2 bedroom units on the same title, all separately metered for electricity and water.
There are several applications for this property. Live in one unit and rent the other units out or house the entire family including parents.
If you are looking to invest then the potential return is:
Unit 2: Currently $290 a week needing an increase
Unit 3: Currently $260 a week needing an increase
The above figures are based on renting out the property in the traditional method, this is not air BNB which would provide an even greater return.
Not only is the potential return excellent on this property, the capital growth indicators are also strong. Location is everything in real estate and this home is all about position, it is on the border of Swansea and Caves Beach. Just an easy flat walk in to the shopping precinct, public transport is nearby along with the highway to Newcastle and Sydney.
Features:
Unit 1:
Open plan lounge & dining
Kitchen in functional condition
Large laundry
2 bedrooms with built in robes
Bathroom has full size shower & full size bath
Large single garage
Unit 2:
Open plan lounge & dining
Kitchen in functional condition
Large laundry
2 bedrooms with built in robes
Bathroom has full size shower & full size bath
Large single garage
Unit 3
Open plan lounge, dining & kitchen
Laundry
Upstairs-
Main bedroom with built in robe & ensuite
Patio entertaining area
This property has been an excellent investment for the current owner. It has appreciated markedly over the years while maintaining a positive return. It has been priced appropriately so prospective buyers need to get along to view this property.
Property History for 6 Peggy St, Swansea, NSW 2281
- 13 Dec 2018Sold for $687,000
- 16 Oct 2018Listed for Sale Price Guide $690,000 - $750,000
- 27 Mar 2018Listed for Sale $750,000 - $800,000
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0About Swansea 2281
The size of Swansea is approximately 5.4 square kilometres. It has 14 parks covering nearly 16% of total area. The population of Swansea in 2011 was 4,833 people. By 2016 the population was 5,055 showing a population growth of 4.6% in the area during that time. The predominant age group in Swansea is 60-69 years. Households in Swansea are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Swansea work in a trades occupation. In 2011, 64.4% of the homes in Swansea were owner-occupied compared with 64.9% in 2016.
Swansea has 2,939 properties. Over the last 5 years, Houses in Swansea have seen a 73.39% increase in median value, while Units have seen a 58.99% increase. As at 31 October 2024:
- The median value for Houses in Swansea is $1,021,090 while the median value for Units is $662,794.
- Houses have a median rent of $600 while Units have a median rent of $440.
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