OFF MARKET

1 Nordlingen Drive
Tolland NSW 2650

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
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Property Details for 1 Nordlingen Dr, Tolland

1 Nordlingen Dr, Tolland is a 8 bedroom, 4 bathroom Unit with 4 parking spaces.

Building Type
Unit
Local Government
Wagga Wagga
Lot/Plan
CP/SP82299

Last Listing description (August 2021)

Excellent investment opportunity currently offering an attractive rental return of over 7%. The 5 units are on one title & are occupied by great long-term tenants providing a secure asset for a savvy investor. A high yielding opportunity with a current rental income of $47,580 gross per annum.
Solid brick veneer construction with tile roof & covered car accommodation. Each unit offers 2 bedrooms with built-in storage, open plan kitchen, dining & meals with electric cooking and are serviced by reverse cycle heating & cooling.
Convenient location, just walking distance to popular shopping complex & local shops & schools. Only 10 minutes from Wagga's CBD & situation along public transport route.

Land Size: 1012 m2
WWCC Rates: $5,624.32 pa

*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

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Property History for 1 Nordlingen Dr, Tolland, NSW 2650

A timeline of how this property has performed in the market
  • 05 Dec 2018
    Listed for Sale $619,000
  • 12 Nov 2018
    Listed for Sale $680,000
  • 26 Jun 2018
    Listed for Sale $680,000

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About Tolland 2650

The size of Tolland is approximately 2 square kilometres. It has 4 parks covering nearly 11.9% of total area. The population of Tolland in 2011 was 3,550 people. By 2016 the population was 3,363 showing a population decline of 5.3% in the area during that time. The predominant age group in Tolland is 0-9 years. Households in Tolland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tolland work in a labourer occupation. In 2011, 54.9% of the homes in Tolland were owner-occupied compared with 51.6% in 2016.

Tolland has 1,694 properties. Over the last 5 years, Houses in Tolland have seen a 72.75% increase in median value, while Units have seen a 67.75% increase. As at 31 July 2024:

  • The median value for Houses in Tolland is $459,392 while the median value for Units is $342,793.
  • Houses have a median rent of $440 while Units have a median rent of $300.
There are currently 24 properties listed for sale, and 10 properties listed for rent in Tolland on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Tolland.

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