15/34 Dry Dock RoadTweed Heads South NSW 2486
Property Details for 15/34 Dry Dock Rd, Tweed Heads South
15/34 Dry Dock Rd, Tweed Heads South is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 85m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (July 2022)
For the savvy investor, this two-bedroom modern apartment is currently tenanted under the NRAS (National rental affordability scheme). The prospective purchaser can expect to receive the weekly rent as well as the NRAS incentive which is paid in 2 components by the government (Department of Social Services);
Total Government incentive approx. $11k each year
State Government Incentive: A cash payment made to the owner each year, this amount will vary, on average $2-3k each year.
Investors have the opportunity to reap these benefits until expiry of the NRAS term in November 2024. After this period, move in and enjoy this riverside location or continue to rent the property within the private market.
Features of this property include:
Two carpeted bedrooms including master with walk-in robe and river views
Combined laundry/bath
Carpeted living and dining area with sliding doors opening onto a covered balcony with treed outlook and river glimpses
Tidy kitchen with ceramic cook-top, microwave cavity and corner pantry
Secure parking space with common storage area
Lift access and intercom
In a great central location, this north-facing front apartment is only a 5-minute drive to your choice of shopping centres, schools, clubs, beaches and Gold Coast International airport. This is a great opportunity for those wanting to enter the property market or would suit someone looking to move to the area in the future whilst reducing your taxable income now.
Property History for 15/34 Dry Dock Rd, Tweed Heads South, NSW 2486
- 10 Jun 2022Sold for $440,000
- 19 May 2022Listed for Sale $450,000
- 28 Oct 2014Sold for $345,000
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About Tweed Heads South 2486
The size of Tweed Heads South is approximately 11.5 square kilometres. It has 20 parks covering nearly 32.3% of total area. The population of Tweed Heads South in 2011 was 7,902 people. By 2016 the population was 7,640 showing a population decline of 3.3% in the area during that time. The predominant age group in Tweed Heads South is 60-69 years. Households in Tweed Heads South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tweed Heads South work in a community and personal service occupation. In 2011, 62.4% of the homes in Tweed Heads South were owner-occupied compared with 60.5% in 2016.
Tweed Heads South has 5,511 properties. Over the last 5 years, Houses in Tweed Heads South have seen a 70.31% increase in median value, while Units have seen a 89.38% increase. As at 31 October 2024:
- The median value for Houses in Tweed Heads South is $941,424 while the median value for Units is $765,325.
- Houses have a median rent of $750 while Units have a median rent of $658.
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