SOLD
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Sold on 18 Nov 2024 for $890,000

1 Raye Street
Tolland NSW 2650

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 156m2
Land area: 803m2
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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 November 2024. There are other 6 bedroom House sold in Tolland in the last 12 months.

Building Type
House
Year Built
1975
Floor Size
156m2
Land Size
803m2
Local Government
Wagga Wagga
Lot/Plan
7/DP226700

Last Listing description (November 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

- Two bedrooms, one with built in robe
- 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

A timeline of how this property has performed in the market
Last Sold
$890,000
18 Nov 2024
Listed for Rent
$160/w
15 Aug 2015
  • 18 Nov 2024
    Sold for $890,000
  • 28 Aug 2024
    Listed for Sale $910,000
  • 15 Mar 2024
    Sold for $565,000
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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 1,693 properties. Over the last 5 years, Houses in Tolland have seen a 81.66% increase in median value, while Units have seen a 59.29% increase. As at 30 November 2024:

  • The median value for Houses in Tolland is $463,094 while the median value for Units is $344,744.
  • Houses have a median rent of $450 while Units have a median rent of $320.
There are currently 18 properties listed for sale, and 10 properties listed for rent in Tolland on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Tolland.

Suburb Insights for Tolland 2650

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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.