22 Houston AvenueTenambit NSW 2323
Property Details for 22 Houston Ave, Tenambit
22 Houston Ave, Tenambit is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1985. The property has a land size of 1093m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (May 2021)
Fantastic opportunities like this are very rarely indeed. Contact Paul ASAP if you have any interest in this unique listing. Planned launch to the open market in the next 10 days!
Consisting of four (4) units on one title, each with a long term lease in place. This is definitely a set and forget opportunity. Situated in a handy location close to the new Hospital, Greenhills and East Maitland Shopping Centre's, the station and local amenities it's investment appeal is easy to see.
Each unit consists of two bedrooms, with built-ins, open plan living areas, private courtyard and a single carport. Your payments are guaranteed with our long term tenants just signing (April 2021) a new 3 year lease renewal at $285 per week each unit ($59,280 pa). This will increase to $300 per week per unit in October 2022 ($62,400 pa).
Guaranteed rent, Great investment opportunity plus; the potential to add value down the track by strata titling the complex to four individual 2 bedroom units (STCA).
Property Features include:
- Four (4) units on one title
- Each unit is 2 bedroom, open plan design with private courtyard & carport
- The building is single level, double brick and tile construction
- Long Term lease with government organization, renewed for further 3 years (April 2021)
- Backing onto public golf course (East Maitland Leisure & Golf club)
- Minutes from schools, shops and both bus and rail transport.
- Current residents have each lived there for between 2 11 years
Units 1-4 / 22 Houston Avenue, Tenambit.
Price Guide: $990,000 to $1,040,000 (5.7% - 6.0% ROI and increasing @ 18 months)
Sound interesting; give Paul a Call on 0425 392 985. But Hurry!
Property History for 22 Houston Ave, Tenambit, NSW 2323
- 21 Jul 2021Sold for $1,050,000
- 18 May 2021Listed for Sale Price Guide: $990,000 - $1,040,000
- 08 Aug 2011Sold for $635,000
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0About Tenambit 2323
The size of Tenambit is approximately 2.6 square kilometres. It has 14 parks covering nearly 7.6% of total area. The population of Tenambit in 2011 was 3,008 people. By 2016 the population was 2,889 showing a population decline of 4.0% in the area during that time. The predominant age group in Tenambit is 10-19 years. Households in Tenambit are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tenambit work in a professional occupation. In 2011, 67.9% of the homes in Tenambit were owner-occupied compared with 64% in 2016.
Tenambit has 1,386 properties. Over the last 5 years, Houses in Tenambit have seen a 59.53% increase in median value, while Units have seen a 62.21% increase. As at 31 October 2024:
- The median value for Houses in Tenambit is $650,757 while the median value for Units is $520,801.
- Houses have a median rent of $580 while Units have a median rent of $398.
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