113 Raye StreetTolland NSW 2650
Property Details for 113 Raye St, Tolland
113 Raye St, Tolland is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1990. The property has a land size of 601m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (July 2021)
Situated close to a number of shopping precincts, this renovated residence is a must-see for the astute investor looking for rock-solid returns. Under the current amazing long-term tenant, this property has never had a rental increase and is earning a proven (and possibly conservative) $280 per week. That's a gross return of over 5.6% on the asking price and with interest rates so low, this property should be positively geared. It will pay itself off!!!
The current owners of the property have tastefully renovated and maintained it, providing a property that is a home rather than just a house. This approach is reflected in the ultra-low turnover of tenants.
Features include:
- Renovated bathroom
- Large renovated, custom-built kitchen with ample bench space and near new appliances including dishwasher and gas cooktop
- Matching laundry benchtop and cupboard space
- Carpet and paint have all also had an update.
- Gas heating and ducted evaporative cooling provide comfort all year round
- New carport
- Large private and secure, rear yard with garden shed and a large verandah, perfect for entertaining groups
- Genuine CrimSafe security window screens and doors have recently been installed, providing peace of mind during those warm summer evenings.
This property would make a terrific high yield, low maintenance, low-stress addition to your investment portfolio. Owners have committed elsewhere and need to unlock some capital for their next venture.
Inspections also available by appointment.
To enquire, please email or call 1300 815 051 and enter code 1849
Property History for 113 Raye St, Tolland, NSW 2650
- 30 Jun 2021Sold for $259,000
- 04 Apr 2021Listed for Sale $259,000
- 26 Sep 2019Listed for Rent - Price not available
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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.
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