SOLD
Sold on 07 Mar 2024 for $705,000

491 Peel Street
Tamworth NSW 2340

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 323m2
Sold By
Burke & Smyth Real Estate - Tamworth
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Property Details for 491 Peel St, Tamworth

Building Type
Commercial
Land Size
323m2
Local Government
Tamworth Regional
Lot/Plan
B/DP378955

Last Listing description (March 2024)

Burke & Smyth Commercial are pleased to offer this rare and affordable price point commercial property. Set in the extremely tightly held Tamworth CBD this 242m2 full brick and iron roof structure is set on a well positioned 322m2 of land. 491 Peel Street has a strong history of quality tenants and surrounded by long and established regional and national brands don't miss the opportunity to secure a quality investment.

- Land Size 322m2 & GLA of 242m2
- Well positioned with 11.5mtr Peel Street frontage

- Nett Passing Income of $45,279 Plus GST Per annum
- Dual Income 2 tenant Investment (Please note Tenancy 1 has advised they are vacating on 8th March 2024)
- Reverse Cycle Air conditioning throughout
- Full amenities, kitchen & rear storage shed

Property History for 491 Peel St, Tamworth, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$705,000
07 Mar 2024
  • 07 Mar 2024
    Sold for $705,000
  • 05 Feb 2024
    Listed for Sale Auction
  • 22 May 2012
    Sold for $295,000
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About Tamworth 2340

The size of Tamworth is approximately 1.2 square kilometres. It has 5 parks covering nearly 21.6% of total area. The population of Tamworth in 2011 was 239 people. By 2016 the population was 178 showing a population decline of 25.5% in the area during that time. The predominant age group in Tamworth is 20-29 years. Households in Tamworth are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Tamworth work in a labourer occupation. In 2011, 30% of the homes in Tamworth were owner-occupied compared with 27.4% in 2016.

Tamworth has 1,612 properties. Over the last 5 years, Houses in Tamworth have seen a 76.13% increase in median value, while Units have seen a 72.31% increase. As at 31 October 2024:

  • The median value for Houses in Tamworth is $436,290 while the median value for Units is $331,519.
  • Houses have a median rent of $435 while Units have a median rent of $420.
There are currently 80 properties listed for sale, and 17 properties listed for rent in Tamworth on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Tamworth.

Suburb Insights for 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.