1 Raye StreetTolland NSW 2650
Property Details for 1 Raye St, Tolland
1 Raye St, Tolland is a 6 bedroom, 3 bathroom House with 3 parking spaces and was built in 1975. The property has a land size of 803m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 6 bedroom House sold in Tolland in the last 12 months.
Last Listing description (October 2024)
Situated on a corner block within a peaceful cul-de-sac, this well-maintained 696sqm complex presents a unique investment opportunity. Featuring three brick units, each with a consistent layout that includes a single living area, combined kitchen dining area, and two bedrooms. All units currently tenanted with a current weekly income of $900 per week with the potential to increase in the future.
Unit 1:
- Currently tenanted for $290.00 per week and in lease until 18/01/2025
- Updated kitchen with electric cooking and abundance of cupboards
- Multiple split systems one in the main bedroom and the second in the living area plus ceiling fans
- Updated bathroom complete with shower, vanity and toilet
- Separate internal laundry with access to the back courtyard area
- Undercover car accommodation to the front of the unit
Unit 2:
- Just leased for $320.00 per week with the lease until 01/09/2025
- Two bedrooms, one with built in robe
- Updated kitchen with electric cooking and abundance of cupboards
- Split system heating and cooling to keep you comfortable
- Freshly painted and newly restored cypress floorboards for that modern feel
- Updated bathroom complete with shower, vanity and toilet
- Separate internal laundry with access to the back courtyard area
- Undercover car accommodation to the back of the unit
Unit 3:
- Currently tenanted for $290.00 per week and in lease until 24/07/2025
- Two bedrooms, one with built in robe
- Updated kitchen with electric cooking and abundance of cupboards
- Split system heating and cooling to keep you comfortable
- Updated bathroom complete with shower, vanity and toilet
- Separate internal laundry with access to the back courtyard area
- Undercover car accommodation to the back of the unit
Situated across from Red Hill Public School, walking distance to sporting ovals, Tolland Shopping Centre, public transport and a short drive to the CBD. With endless possibilities for value-adding, this hassle-free set and forget complex is perfect for investors looking to capitalize on Wagga's thriving market. Contact Chloe to organise your inspection or for more information.
Council Rates: $4,039.50 per annum
Land Size: 696.56 sqm
Rental Potential: $300.00 - $330.00 per week, per unit
Strata Fees: NIL
*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.
Property History for 1 Raye St, Tolland, NSW 2650
- 28 Aug 2024Listed for Sale $910,000
- 15 Mar 2024Sold for $565,000
- 26 Mar 2020Listed for Rent $160 / week
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0About 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 1,695 properties. Over the last 5 years, Houses in Tolland have seen a 75.63% increase in median value, while Units have seen a 94.52% increase. As at 31 August 2024:
- The median value for Houses in Tolland is $460,214 while the median value for Units is $373,160.
- Houses have a median rent of $440 while Units have a median rent of $310.
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