OFF MARKET

25 Railway Parade
Taree NSW 2430

Bedrooms: 8
Bathrooms: 4
Car spaces: -
Floor area: 345m2
Land area: 1012m2
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Property Details for 25 Railway Pde, Taree

25 Railway Pde, Taree is a 8 bedroom, 4 bathroom Unit and was built in 1960. The property has a land size of 1012m2 and floor size of 345m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
1960
Floor Size
345m2
Land Size
1012m2
Local Government
Mid-Coast
Lot/Plan
123/DP13754

Last Listing description (July 2022)

Return and opportunity are seldom found in the one property, but the iconic "Pink Palace" provides scope for both.
After 32 years the current owner is looking to liquidate her assets and this block of 4 x 2 bedroom units situated on over a 1000sqm lot boasts a potential gross return over $45,000/ annum.
There is definitely scope for renovation and future improvements can only add to the capacity for return and value of the property.

The ever increasing demand for lost cost rental accommodation in close proximity to services under pins the long term value of the investment, and the potential for redevelopment cannot be under estimated.
25 Railway Parade makes a great addition too or perfect place to start your investment portfolio.

Property History for 25 Railway Pde, Taree, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$775,000
29 Jun 2022
  • 29 Jun 2022
    Sold for $775,000
  • 31 May 2022
    Listed for Sale Auction
  • 11 Apr 1989
    Sold for $133,500

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About Taree 2430

The size of Taree is approximately 47.8 square kilometres. It has 44 parks covering nearly 5.7% of total area. The population of Taree in 2011 was 15,848 people. By 2016 the population was 16,214 showing a population growth of 2.3% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a professional occupation. In 2011, 59.7% of the homes in Taree were owner-occupied compared with 58.5% in 2016.

Taree has 9,601 properties. Over the last 5 years, Houses in Taree have seen a 58.27% increase in median value, while Units have seen a 40.60% increase. As at 31 October 2024:

  • The median value for Houses in Taree is $460,229 while the median value for Units is $343,340.
  • Houses have a median rent of $460 while Units have a median rent of $350.
There are currently 97 properties listed for sale, and 33 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 364 properties were sold in the past 12 months in Taree.

Suburb Insights for Taree 2430

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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.