OFF MARKET

8 Railway Parade
Taree NSW 2430

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Floor area: 57m2
Land area: 727m2
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Last updated 11 Nov 2024
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Property Details for 8 Railway Pde, Taree

8 Railway Pde, Taree is a 3 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 727m2 and floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1950
Floor Size
57m2
Land Size
727m2
Local Government
Mid-Coast
Lot/Plan
96/DP348732

Last Listing description (October 2022)

This centrally located property that is unique in its nature with potential to yield multiple income streams. Is in its bare original condition.
The property is vinyl clad and iron roof construction. Features 3 x 1-bedroom flats that have room for improvement and need of major and serious renovating both inside and out.
Flat One: 1 x Bedroom, loungeroom, Kitchenette, Dining room, bathroom with shower over bath combination, vanity basin and toilet, provisions for laundry room.

Flat Two: 1 x Bedroom, loungeroom, Kitchenette, bathroom with shower over bath combination, vanity basin & toilet.
Flat Three: 1 x Bedroom, large loungeroom, kitchen with pantry, bathroom with shower over bath combination, vanity basin, separate laundry, and toilet.
All flats have separately metered power and NBN access
Single lock up garage
This property is an ideal project and opportunity for the savvy Real Estate investor or trades person that is not scared of hard work and is ready to roll up their sleeves to get their hands dirty.
Set on 1 title - 727 sqm block zoned light industrial with primary purpose residence that is centrally located and with-in an easy walk to supermarkets, entertainment facilities, pubs and eateries.
The property represents a great opportunity to buy into a good area and with work could potentially yield perpetual and multiple income streams.

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Property History for 8 Railway Pde, Taree, NSW 2430

A timeline of how this property has performed in the market
Last Sold
$300,000
09 Sep 2022
  • 09 Sep 2022
    Sold for $300,000
  • 23 Aug 2022
    Listed for Sale $330,000
  • 08 Jan 2018
    Sold for $205,000
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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 9,602 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 107 properties listed for sale, and 28 properties listed for rent in Taree on OnTheHouse. According to CoreLogic's data, 372 properties were sold in the past 12 months in Taree.

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