OFF MARKET

35 Cowper Street
Taree NSW 2430

Bedrooms: 6
Bathrooms: 4
Car spaces: 5
Land area: 1834m2
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Last updated 11 Nov 2024
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Property Details for 35 Cowper St, Taree

35 Cowper St, Taree is a 6 bedroom, 4 bathroom Unit with 5 parking spaces. The property has a land size of 1834m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
Unit
Land Size
1834m2
Local Government
Mid-Coast
Lot/Plan
2/DP214658

Last Listing description (November 2019)

This could be one of those rare have your cake and eat it too scenarios. An investor can expect to see a solid rental return of almost $40,000pa from these four flats with no strata.

On top of that there is massive potential provided for further development via the extra land on this HUGE 1,834sqm (approx.) lot, subject to council approval.


Currently the property features:
Two 2 bedroom flats
Two 1 bedroom flats
Historically low vacancy rates
A long history of management by our company
Convenient location close to Schools, bowling club, sporting fields, entertainment centre and aquatic centre
Bus route at the door and only about 1km from regional shopping centre, theatre and restaurant

An outstanding opportunity not to be missed!

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Property History for 35 Cowper St, Taree, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$615,000
11 Oct 2019
Listed for Rent
$165/w
06 Feb 2016
  • 11 Oct 2019
    Sold for $615,000
  • 29 Apr 2019
    Listed for Rent $185 / week
  • 16 Oct 2018
    Listed for Sale Offers Invited
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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.

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