SOLD
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Sold on 16 Feb 2024 for $500,000

40 Spence Street
Taree NSW 2430

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 556m2
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Property Details for 40 Spence St, Taree

40 Spence St, Taree is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 556m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 5 bedroom House sold in Taree in the last 12 months.

Building Type
House
Land Size
556m2

Last Listing description (February 2024)

R and R Property are humbled to present this charming 1960s-built home, boasting character-filled features such as high ceilings ornate cornice, original wooden floorboards and spacious bedrooms, making it a unique and inviting property.
The three bedrooms in the main house provide ample space for comfortable living, the Main Bedroom having its own Air-Conditioner and ceiling fan for added comfort.
The original kitchen is in a great position in the home and offers a fantastic canvas to update and reflect your style.

In addition to this spacious 3 bedroom home, the property also includes a modern two-bedroom granny flat with updated appliances, that provides a fresh aesthetic adding both versatility and potential rental income, making it a lucrative prospect to investors.
Alternatively, for those seeking a live-in renovation project, residing in the modern granny flat while refreshing and renovating the main home can offer a convenient and practical approach.
Don't miss out on the chance to own this distinctive property that seamlessly combines the charm of the 1960s with the convenience of extra accommodation for family, guests or potential rental income.
Whether you're an investor looking to capitalize on rental income or a homeowner eager to personalize and update, this property provides a versatile canvas for your vision. Act quickly to secure this opportunity in the real estate market with the Exclusive Agent Stevie-Lee Taylor - 0488064615

R & R Property make no representations to the accuracy of the information provided by our vendors. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.

Property History for 40 Spence St, Taree, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$500,000
16 Feb 2024
Listed for Rent
$515/w
18 Oct 2024
  • 30 Sep 2024
    Listed for Rent $515 / week
  • 16 Feb 2024
    Sold for $500,000
  • 22 Jan 2024
    Listed for Sale Contact Agent
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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 9,603 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 105 properties listed for sale, and 32 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 375 properties were sold in the past 12 months in Taree.

Suburb Insights for Taree 2430

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Stevie-Lee Taylor
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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.